Its gain-on-sale margin came in at 305 basis points in 4Q20 compared to 110 bps in the year ago period. The nonbank also vowed to return “excess cash” to shareholders when possible, a reference to dividend payments.
DFPI Commissioner Manuel Alvarez: “We take our expanded responsibility very seriously and are moving swiftly to ensure debt collectors do not violate the rights of California consumers.”
Despite the achievement of the ranking, UWM’s contribution to jumbo MBS actually declined by 4.4% on an annual basis last year while overall non-agency jumbo securitization increased...