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Rocket and UWM Raise Pressure on Smaller Competitors

Rocket Mortgage and United Wholesale Mortgage have been taking aggressive steps to win market share at a time when smaller rivals have been scaling back or shuttering. So reports The Financial Times.

UWM 150x150Rocket, the biggest U.S. mortgage originator, is offering incentives such as no closing, appraisal or other refinancing fees if homebuyers get a new mortgage and interest rates drop within three years after July.

UWM, the second-biggest and focused on the independent channel, has announced an interest rate cut of 50 to 100 basis points on its loan offerings.

Read the full article from The Financial Times.

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