News America's Second Largest Mortgage Lender Plans to Accept Bitcoin

[Admin]

The second largest mortgage lender in the U.S. is planning to start accepting payments via Bitcoin later this year.

America's Second Largest Mortgage Lender Plans to Accept Bitcoin : Read more

 

[Alvar "Miles" Udell]

Did the sub prime mortgage crisis not teach these people anything about avoiding blatantly bad ideas?

 

[USAFRet]

"United Wholesale Mortgage (UWM), the second largest mortgage lender in the U.S. "


And how many people have heard of "United Wholesale Mortgage"?
Second largest?

Ask 100 of your friends with a mortgage.
How many send their monthly payment to the entity 'UMW' ?

 

[HideOut]

I own many properties, and I've never heard of them...

 

[spongiemaster]

"United Wholesale Mortgage (UWM), the second largest mortgage lender in the U.S. "


And how many people have heard of "United Wholesale Mortgage"?
Second largest?

Ask 100 of your friends with a mortgage.
How many send their monthly payment to the entity 'UMW' ?

According to the below link they are also known as United Shore Financial, and even though they are the #2 mortgage lender, they only account for about 4% of HMDA reported mortgages.

The Largest Mortgage Lenders in the U.S. | The Motley Fool

More than 4,800 institutions provided mortgages in 2023. Fifteen of the top 25 lenders were non-bank financial institutions. Read on to learn our findings.

www.fool.com

They appear to by far the largest lender to minorities, as well as the largest lender to lower income purchasers. So if you asked 100 of your friends and none of them had heard of this company, I guess we know who isn't in your friends pool.

 

[Krotow]

Even with stepping away from moral considerations I'm still curious how they expect adequate mortgage payments if annual crypto exchange rates deviate between 30-70%.

 

[Co BIY]

Did the sub prime mortgage crisis not teach these people anything about avoiding blatantly bad ideas?

Bad Ideas like super cheap publicity that ties your boring company in a boring business to the "hottest thing right now TM" for the young "up and comers" who will soon be deciding on their first home mortgage.

and Yes - They all learned an important lesson. - Too big to fail is a good place to be.