Previous close | 1.7500 |
Open | 1.7500 |
Bid | 1.5000 |
Ask | 1.7000 |
Strike | 6.00 |
Expiry date | 2025-01-17 |
Day's range | 1.7500 - 1.7500 |
Contract range | N/A |
Volume | |
Open interest | 135 |
United Wholesale Mortgage announced a 0% down program last month, and since then it’s been all the rage, but people are split: Does it eliminate a barrier or will it launch us into another subprime mortgage crisis?
United Wholesale Mortgage (UWM), with billionaire Mat Ishiba at the helm, has launched a new zero-percent down mortgage program. This program allows qualified buyers to finance 97% of their home's value with a first mortgage. The remaining 3%, up to $15,000, is covered by a secondary mortgage that carries no interest but must be repaid in full when the home is sold, the mortgage is paid off, or the owner refinances.For example, purchasing a home appraised at $300,000 would entail a $9,000 no-int
America’s gummed-up housing market is a $45 trillion mess — a big old knot of economic forces smashing into a century’s worth of cultural conditioning about the value of homeownership.