UWMC - UWM Shows Why Its Business Model Works in the Current Environment
2023-08-12 10:18:00 ET
Things may be looking up for the mortgage business at long last. The Federal Reserve seems to be wrapping up its tightening cycle, which could pave the way for lower mortgage rates going forward. The mortgage origination business has struggled for the past 18 months, as rising interest rates choked off refinancing activity, and affordability problems negatively affected the home purchase market.
That said, one mortgage company is bucking the trend: UWM (NYSE: UWMC) the parent company for United Wholesale, the biggest mortgage broker in the U.S. What is this company doing differently?
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UWM Shows Why Its Business Model Works in the Current Environment