Mortgage lender UWM drops bitcoin payments plan, for now

Homeowners have shown little interest in paying off their mortgages with bitcoin and other cryptocurrencies, causing United Wholesale Mortgage to ditch its plan to start accepting digital currencies as payment. UWM first announced its plans to embrace cryptocurrencies in August, and began a pilot project enabling a select number of mortgage holders to start making

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UWM details plan to offer in-house appraisal services

United Wholesale Mortgage has said it’s rolling out a new program that allows lenders to work directly with appraisers, instead of using an independent appraisal management company. The new program is called Appraisal Direct and will roll out on October 1 nationwide. Under the program, it will oversee the entire appraisal process, from scheduling the

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United Wholesale Mortgage will accept bitcoin for home loan payments

United Wholesale Mortgage has said it intends to let homeowners pay off their mortgages in bitcoin later this year. The company, which went public last January via a special purpose acqusition merger, said this week it intends to accept “cryptocurrency” as payment for home loans. Detroit Free Press, which first reported the story, said UWM

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United Wholesale Mortgage rolls out interest-only financing

United Wholesale Mortgage just rolled out a new product that it hopes will prove attractive to a large segment of borrowers

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