Industry analysts predict that UWM will respond to heightened risk factors by implementing higher mortgage rates for their new 90% LTV cash-out refinance products. This move is expected to help mitigate potential losses resulting from increased risk but may also lead to narrower profit margins for the company.
Key points from the text include:
– UWM is expected to adjust mortgage rates in response to increased risk factors.
– The adjustments will specifically impact the new 90% LTV cash-out refinance products offered by UWM.
– Analysts anticipate that the higher mortgage rates may help offset potential losses but could also result in reduced profit margins for the company.
You can read this full article at: https://www.housingwire.com/articles/uwm-the-nations-1-lender-debuts-a-90-ltv-cash-out-refinance-is-it-worth-the-risk/(subscription required)
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