Home » Short Takes: UWM Offering 1% Downpayment Product / CrossCountry Steady With Expanded-Credit MBS / PHH Receives Rating Upgrade on Second Liens / Pending Home Sales Down

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Short Takes: UWM Offering 1% Downpayment Product / CrossCountry Steady With Expanded-Credit MBS / PHH Receives Rating Upgrade on Second Liens / Pending Home Sales Down

June 12, 2025

Brandon Ivey

UWM's low-downpayment program is only available to borrowers with income at or below 80% of the area median income.

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Short Takes: UWM Offering 1% Downpayment Product / CrossCountry Steady With Expanded-Credit MBS / PHH Receives Rating Upgrade on Second Liens / Pending Home Sales Down

Latest Imf News

Broker Share of Originations Ticks Up in Third Quarter

FHA Proposes Raising Draw Limits on Rehabilitation Loans

SEC Sees Support for Effort to Revise MBS Disclosures

Homebuilder Hovnanian Takes Quarterly Loss, Margins Shrink

Featured Data

Nonbanks Post Small Drop in Mortgage-Banking Income

Bank MSR Portfolios Shrink Slightly, Valuation Strong

Bank ABS Holdings Decline in 3Q25, Auto Portfolios Grow

Lending Slows Across Products in Third Quarter

Featured Reports

GSE Repurchase Activity: Cumulative to Second Quarter 2025 (PDF Format)

Mortgage Profitability Report 2Q25 (PDF)

IMF HMDA Dashboard: 2024

Lender Profiles 2Q25: Top 25 (PDF)

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?