What's new this month?
Each month, President and CEO of United Wholesale Mortgage Mat Ishbia shares industry happenings that impact the mortgage industry and originator business. This October, Ishbia elaborates on:
- Freddie Mac’s Guideline enhancements
New guidelines, including changes to the way rate/term refinances, student loans, and self-employment are treated, could have a positive impact on borrowers.
- Fannie Mae’s New DU
New (and improved) features make it easier for you to navigate DU findings and improve efficiency.
- Rising interest rates
As rates go up, don’t let that get you down. While the vast majority of the market is purchase, there are still ways to boost refinance opportunities, such as debt consolidation, reducing rate terms, or eliminating mortgage insurance.
See Matt discuss these points here.
