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

USAFRet

Titan
Moderator
Mar 16, 2013
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"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' ?
 

spongiemaster

Reputable
Dec 12, 2019
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"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.


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.
 

Co BIY

Distinguished
Jun 18, 2015
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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.
 

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