Profile
Sector:
Financial ServicesIndustry:
Mortgage FinanceCountry:
United StatesIPO:
01 May 2020Website:
http://www.uwm.comNext earnings report:
08 November 2024Last dividends:
19 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:57:02 GMTAnalysts recommendations
Institutional Ownership
UWMC Latest News
UWMC is outpacing the S&P 500 with a 22% return YTD in 2024, positioning its share price to move higher with the next rate cut cycle. UWM's ability to excel in both purchase and refinance markets has fueled its growth, demonstrating resilience through the rate cycle and aligning itself for an oncoming refinancing & purchasing surge. While bullish on UWM's long-term, housing market softening, recession indicators, and the company's elevated payout ratio need improvement to ensure sustainable profitability for the company.
PONTIAC, Mich., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Time is running out to apply to participate in the Mark Cuban Foundation Artificial Intelligence (AI) Bootcamp hosted by United Wholesale Mortgage (UWM) in Pontiac, Applications for the no-cost bootcamp are closing September 30.
Mat Ishbia, United Wholesale Mortgage CEO and Phoenix Suns owner, joins 'Closing Bell Overtime' to talk if a wave of mortgage refinancing is on the horizon if the Federal Reserve cuts interest rates.
The headline numbers for UWM (UWMC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
UWM Holdings Corporation (UWMC) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.11 per share a year ago.
NEW YORK, NY / ACCESSWIRE / May 20, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of UWM Holdings Corporation ("UWM Holdings Corporation") (NYSE:UWMC) concerning possible violations of federal securities laws. Hunterbrook Media published a report on April 2, 2024, alleging, among other things, that UWM gets almost all its business "from brokers who sent UWM more than 99% of their business" rather than shopping mortgages to competing lenders, causing borrowers to pay UWM "between hundreds of millions and billions more in closing costs than people whose brokers found them typical loans.
Levi & Korsinsky has started investigating UWM Holdings Corporation for potential violations of federal securities laws following a report by Hunterbrook Media on April 2, 2024. The report claimed that UWM primarily receives business from brokers who send them the majority of their business, resulting in higher closing costs for borrowers compared to those who are offered loans from other lenders.
While the top- and bottom-line numbers for UWM Holdings Corporation (UWMC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
UWM Holdings doubled its share price in 2023 despite Federal Reserve rate hikes, driven by increased loan volumes and operational efficiency gains. The company dominated the industry with a $29.7 billion overall production and an increase of 97 basis points in total gain margin, showcasing resilience amid high interest rate environment. UWM is positioned better than it ever has been to take advantage of the refinance cycle in 2024 when rate cuts set in.
Mat Ishbia, CEO of United Wholesale Mortgage, joins 'Closing Bell: Overtime' to discuss the outlook for mortgage rates, the impact of inflation on the housing market next year, and more.
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What type of business is UWM Holdings?
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.
What sector is UWM Holdings in?
UWM Holdings is in the Financial Services sector
What industry is UWM Holdings in?
UWM Holdings is in the Mortgage Finance industry
What country is UWM Holdings from?
UWM Holdings is headquartered in United States
When did UWM Holdings go public?
UWM Holdings initial public offering (IPO) was on 01 May 2020
What is UWM Holdings website?
https://www.uwm.com
Is UWM Holdings in the S&P 500?
No, UWM Holdings is not included in the S&P 500 index
Is UWM Holdings in the NASDAQ 100?
No, UWM Holdings is not included in the NASDAQ 100 index
Is UWM Holdings in the Dow Jones?
No, UWM Holdings is not included in the Dow Jones index
When was UWM Holdings the previous earnings report?
No data
When does UWM Holdings earnings report?
The next expected earnings date for UWM Holdings is 08 November 2024