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UWM takes on the Fannie and Freddie LLPAs

Summary by HousingWire
On April 1, 2022, the mortgage industry was on the wrong end of what felt like a very cruel April Fool’s joke. It was the day Fannie Mae and Freddie Mac instituted updated loan level pricing adjustments (LLPAs) that made second home and investor properties much more expensive. Nearly three years to the day later, United Wholesale Mortgage (UWM) CEO Mat Ishbia told mortgage brokers on his weekly sales call that he was effectively lowering those a…
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HousingWireHousingWire

UWM takes on the Fannie and Freddie LLPAs

On April 1, 2022, the mortgage industry was on the wrong end of what felt like a very cruel April Fool’s joke. It was the day Fannie Mae and Freddie Mac instituted updated loan level pricing adjustments (LLPAs) that made second home and investor properties much more expensive. Nearly three years to the day later, United Wholesale Mortgage (UWM) CEO Mat Ishbia told mortgage brokers on his weekly sales call that he was effectively lowering those a…

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The Truth About MortgageThe Truth About Mortgage

Top Mortgage Lenders of 2024: UWM Beats Rocket for Second Straight Year, But Will It Last? - The Truth About Mortgage

Like the year before, United Wholesale Mortgage (UWM) was the top mortgage lender in 2024. It marked their second year as the top dog, beating out their crosstown rival Rocket Mortgage yet again. Rocket had been #1 in the country since 2018 before ceding its lead to UWM, which works solely with mortgage brokers. And… Read More »Top Mortgage Lenders of 2024: UWM Beats Rocket for Second Straight Year, But Will It Last? The post Top Mortgage Lender…

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The Truth About Mortgage broke the news in on Thursday, April 3, 2025.
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