General World News

UWM blazes a trail in emerging private label MBS market


A heavyweight in the wholesale mortgage market, United Wholesale Mortgage, better known as UWM, has jumped headfirst into the private-label residential mortgage-backed securities market in 2021. 

The Pontiac, Michigan-based nonbank lender has ushered to market three private-label RMBS transactions so far this year involving securitized loan volume of nearly $1.2 billion. 

In addition, UWM has participated as the primary loan originator in four private-label RMBS issued through JPMorgan Chase. Those deals, measured by loan volume securitized, totaled $3.2 billion, with UWM-originated loans comprising 29% to 100% of the loan pools in details ⇒

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