UWMC News and Press, UWM Holdings Corporation Class A From 01/14/23

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Summary UWM Holdings Corporation experiences hammered growth that may persist this year. But it remains viable and liquid, allowing it to navigate the stormy market. Mixed market conditions have advantages and disadvantages to the company. Dividend payments continue with attract...

The past year was extraordinarily difficult for companies in the mortgage space. The Fed aggressively hiked interest rates to help get inflation back under control, which translated into rapidly rising mortgage rates. To make matters worse, high home price appreciation in the aftermath of the pan...

United Wholesale Mortgage ( NYSE: UWMC ) CEO Mat Ishbia agreed to a deal late on Tuesday to buy the majority stake in the NBA's Phoenix Suns and the WNBA's Phoenix Mercury, forking over a record sum of $4B in the process. In a press release, current owner Robert Sarver said the bi...

Mortgage origination is a feast-and-famine business, and the boom years of 2020 and 2021 turned into a bust in 2022. Much of the volume from these years disappeared as the Federal Reserve began to hike rates, which removed the incentive for homeowners to refinance. In addition, falling affordabil...

The mortgage business is one of the most cyclical businesses out there. It can pivot from feast to famine almost overnight. 2021 versus 2022 is a great example of this pivot in action. In 2021, mortgage bankers feasted on easy refinances courtesy of Federal Reserve policy to keep rates ...

UWM Holdings Corporation (UWMC) Q3 2022 Earnings Conference Call November 4, 2022 10:00 a.m. ET Company Representatives Mat Ishbia - Chairman, Chief Executive Officer Andrew Hubacker - Senior VP, Chief Accounting Officer, Interim Principal Financial Officer Blake...

UWM Holdings ( NYSE: UWMC ) stock spiked 9.1% in Friday morning trading to the highest point since the end of September after the residential mortgage lender turned in stronger-than-expected third-quarter results that were highlighted by improved loan origination volume Q/Q....

UWM Holdings press release ( NYSE: UWMC ): Q3 Non-GAAP EPS of $0.16 beats by $0.18 . Revenue of $684.17M (-0.9% Y/Y) beats by $328.48M . Total loan origination volume for the quarter was $33.5B, which included $27.7B in purchase volume. For further detail...

UWM is America's #1 Overall Mortgage Lender in the Third Quarter $325.6 million in 3Q22 Net Income Third Quarter Loan Origination Volume of $33.5 billion, including Purchase Volume of $27.7 billion UWM Holdings Corporation (NYSE: UWMC) (the "Company"), the ...