Unlike subprime loans that were subjected to minimal underwriting standards in the runup to the housing crash and 2007-09 Great Recession, UWM’s zero-down loans have to meet criteria set by mortgage giant Freddie Mac.
Source: Inman News
UWM’s 0-down loans a hit with buyers, worry consumer advocates
Published in Buyers Tools, down payment, down payment assistance, fannie mae, freddie mac, Mat Ishbia, Mortgage, mortgage underwriting, Regulations, Select, United Wholesale Mortgage and uwm
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