offers

Chase Relationship Pricing offers discount mortgage rates at up to 1% off. Daily Journal

by
Chase Relationship Pricing offers discount mortgage rates at up to 1% off. Daily Journal

If you recall, Chase acquired struggling First Republic Bank in May 2023. Before First Republic’s collapse, it was the leading jumbo home loan lender in the United States. They catered to wealthy homeowners and businessmen. Ironically, it was their extremely low-interest mortgages that ultimately led to their decline. Today, Chase is the nation’s largest jumbo … Read more

UWM now offers 90% LTV cash. Should we be worried? Daily Journal

by
UWM now offers 90% LTV cash. Should we be worried? Daily Journal

The country’s largest mortgage bank, UWM, has launched a new 90% LTV cash-out refinance program to drum up more business. While it is sold to mortgage broker partners as a way to “win more business,” it doubles as a worrying trend of loosening underwriting guidelines. Typically, homeowners are capped at 80% LTV when it comes … Read more