UWM blazes a trail in emerging private label MBS market

HW-UWM

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 those deals.

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    The post UWM blazes a trail in emerging private label MBS market appeared first on HousingWire.

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