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UWM debuts new 75-bps incentive on refis

United Wholesale Mortgage (UWM) is rolling out a new 75 basis-point incentive program for conforming conventional and government-backed rate-and-term refinances. The program, dubbed “Refi75,” effectively replaces and expands on “Govy 125,” a 125-bps incentive that ended Tuesday for Interest Rate Reduction Refinance Loans (IRRRLs) through the U.S. Department of Veterans Affairs (VA) and Streamline Refinances…

Mortgage affordability improves in August, boosting refi incentive: ICE

Declining mortgage rates in August provided some relief for U.S. homebuyers and made it the most affordable month since February.  Of the 2.5 million “in-the-money“ mortgage holders as of Aug. 22, more than 60% took out their mortgages in the past two years, including 850,000 in 2023 and 560,000 this year. The average highly qualified…

MoxiWorks launches updates to help agents navigate post-NAR settlement world

Real estate marketing software provider MoxiWorks is looking to help agents up their game while complying with the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement that went into effect last month. To achieve this goal, the company has released a series of product updates that are designed to support agents as they…