Top lender UWM debuts 89.99% LTV, cash-out refinance. Is it worth the risk? 

UWM has debuted a new cash-out refi product without mortgage insurance. Is the juice worth the squeeze?United Wholesale Mortgage (UWM) has the mortgage industry abuzz over its latest product, a higher-risk, cash-out refinance at a time of economic uncertainty. On Wednesday, UWM unveiled a new cash-o

What post-hurricane data in North Carolina could mean for Florida’s recovery

What had previously been a surprisingly mild 2024 hurricane season closed with two devastating storms that hammered Florida and North Carolina.While assessing the full scale of the damage could still take months, the short-term effects on the two state’s housing markets were immediately visible — th

FirstClose reveals new feature to help consumers consolidate debt faster

Mortgage data and workflow solutions provider FirstClose is launching a new feature for its automated home equity point-of-sale system. The Austin-based company has added the Digital Loan Product Wizard to the system, according to a recent announcement. The new feature will help customers to quickly