HousingWireHousingWire Mat Ishbia, CEO of United Wholesale Mortgage (UWM), the top U.S. mortgage lender, unveiled on Tuesday the company’s ambitious goal to reach $280 billion in mortgage production by 2028. That is more than double the $137.8 billion UWM originated in 2024, a year in which the wholesale lender posted…
Continue reading →HousingWireHousingWire Despite a whipsaw of mortgage rates at the start of the month, mortgage purchase lock volume rose 7.5% in April, according to a report from Optimal Blue. Overall, lock volume rose 3.2% from March. The bond market’s response to the Trump tariff announcements in the beginning of the month…
Continue reading →HousingWireHousingWire New American Funding (NAF) on Tuesday released data that identifies the top 10 U.S. states where homes are purchased entirely with cash. Leading the way for the highest share of all-cash home purchases was West Virginia at 41.4%. It was followed by New York (40.4%), Delaware (38.9%), Georgia (37.5%),…
Continue reading →HousingWireHousingWire The Emergency Housing Vouchers (EHV) program, introduced by the U.S. Department of Housing and Urban Development (HUD) in 2021, was designed as a post-pandemic rapid response tool to keep people experiencing housing instability in their homes. A number of factors were permitted for the approval of such vouchers, including…
Continue reading →HousingWireHousingWire Although mortgage rates haven’t come down significantly as many Americans have wished for, lenders are reporting increased demand for home purchase loans and don’t seem overly concerned by economic conditions that are far from ideal. Data at HousingWire’s Mortgage Rates Center on Tuesday showed that 30-year conforming rates averaged…
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