United Wholesale Mortgage’s (UWM) revenue margins “don’t stand out like” one would expect if the company was overcharging borrowers, analysts at BTIG said on Monday. The comments follow a Hunterbrook Media report from last week stating that UWM pressures brokers to send loans its way, resulting in higher costs to customers. 

“We think the premise of the thesis is misplaced,” Eric Hagen and Jake Katsikas wrote in the company’s weekly mortgage finance roundup.

According to the analysts, the short thesis alleges some borrowers overpay for loans due to brokers’ incentive to steer business to UWM, but details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com