UWM blazes a trail in emerging private label MBS market
[ad_1] A heavyweight in the wholesale mortgage market, United Wholesale Mortgage, better known as UWM, has jumped headfirst into the private-label residential mortgage-backed securities market in 2021. The Pontiac, Michigan-based nonbank lender has ushered to market three private-label RMBS transactions so far this year involving securitized loan volume of nearly $1.2 billion. In addition, UWM has participated as the primary loan originator in four private-label RMBS issued through JPMorgan Chase. Those deals, measured by loan volume securitized, totaled $3.2 billion, with UWM-originated loans comprising 29% to 100% of the loan pools in those deals. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post UWM blazes a trail in emerging private label MBS market appeared first on HousingWire. [ad_2] Source link
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