Industry Watch: UWM announces new pricing adjustments and more

The Federal Trade Commission agreed to drop its challenge of Intercontinental Exchange’s acquisition of Black Knight, paving the way for the companies to merge.

Key Mortgage announced the planned launch of a new community impact and lending division. Headed by the recently promoted LaToya Spann Martin, the new division is dedicated to growth, education and outreach in underserved communities, leveraging existing financial literacy and lending partnerships to empower prospective clients and increase homeownership opportunities.

United Wholesale Mortgage (UWM) announced new pricing on loans of up to $200,000. UWM removed pricing adjustments on loans of $100,000 or less and will be paying premiums for market-based pay-ups on 30-year fixed-rate conventional loans of $200,000 and less. Additionally, the company announced enhancements to its “Control Your Price” program on non-agency jumbo loans, increasing the number of basis points (bps) that brokers can apply to 40 bps. UWM will also double or triple the points that brokers apply on all non-agency jumbo loans, up to 120 bps. “Control Your Price” was initially launched in January 2023, giving brokers access to a “bucket” of basis points to use when and where they need it, up to 40 bps per loan.


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