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Discussions tagged with 'UWM the Largest Wholesale Lending in the Nation Needed a $1.5 Billion Bailout'
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America’s largest mortgage lender, United Wholesale Mortgage (UWM), just needed a 1.5 billion bailout. UWM, a public company, has lost 70% of its stock price this year. United Wholesale Mortgage is hands down the largest wholesale mortgage lender in the nation. UWM does not have a retail division. However, United Wholesale Mortgage has TPO agreements with hundreds of independent mortgage companies, many of them independent mortgage brokers and mini-correspondent lenders. Does any members or viewers of GCA Mortgage Forums familiar with this news?