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UWM Holdings Corporation - UWMC STOCK NEWS

Welcome to our dedicated page for UWM Holdings Corporation news (Ticker: UWMC), a resource for investors and traders seeking the latest updates and insights on UWM Holdings Corporation stock.

UWM Holdings Corporation (NYSE: UWMC) is a leading provider of residential mortgage loans in the United States. The company specializes in the origination, sale, and servicing of mortgage loans, catering to independent mortgage advisors across the nation and the District of Columbia. With a focus on supporting clients rather than just transactions, UWM Holdings Corporation aims to make lending processes faster and easier.

One of the standout features of UWM is their uClose tool, which allows clients to go from clear-to-close to closing within minutes, significantly reducing the time and effort involved in mortgage processing. This, coupled with their commitment to providing fast turn times, sets them apart in the industry.

UWM Holdings Corporation ensures that their account executives are well-prepared to offer top-notch service, providing them with over 200 hours of training before they start interacting with clients. Moreover, UWM clients have direct access to underwriters and support teams, fostering a collaborative environment where relationships come first.

Beyond their client-centric approach, UWM Holdings Corporation is dedicated to creating a positive work environment for their team members. This helps in delivering the world-class service that has made them a preferred choice for more brokers than any other lender in the market.

UWM Holdings Corporation is constantly innovating and expanding their suite of tools and services to improve efficiency and client satisfaction. Their commitment to excellence is reflected in their partnerships and financial performance, positioning them as a significant player in the residential mortgage loan sector.

Latest News:

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Rhea-AI Summary

UWM Holdings (NYSE: UWMC) has announced the pricing of an upsized offering of $800 million in senior notes due 2030, increased from the initially announced $500 million. The notes will carry a 6.625% interest rate and will be issued at 100% of face value.

The notes will be guaranteed on a senior unsecured basis by UWM Holdings' subsidiary, United Wholesale Mortgage, and will rank equally with existing senior unsecured notes. The closing is expected on December 10, 2024. The company plans to use the proceeds to pay down outstanding amounts on United Wholesale Mortgage's MSR facilities and for general corporate purposes.

The offering is to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S.

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UWM Holdings (NYSE: UWMC) has announced a private offering of $500 million senior notes due 2030 through its subsidiary, UWM Holdings, The notes will be guaranteed on a senior unsecured basis by United Wholesale Mortgage, and will rank equally with existing senior unsecured notes.

The company plans to use the proceeds to reduce outstanding amounts on United Wholesale Mortgage's MSR facilities and for general corporate purposes. The offering is exclusively available to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S of the Securities Act.

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UWM Holdings (NYSE: UWMC) reported third quarter 2024 results with net income of $31.9 million, down from $76.3 million in Q2 2024. Total loan origination volume reached $39.5 billion, including $26.2 billion in purchase volume. The company achieved a total gain margin of 118 bps, improving from 106 bps in Q2 2024. Notably, the results included a $446.1 million decline in fair value of MSRs and a $226.9 million gain on other interest rate derivatives. For Q4 2024, UWM anticipates production between $34-41 billion with gain margin of 85-110 basis points.

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UWM Holdings (NYSE:UWMC), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., announced it will release its third quarter 2024 financial results on Thursday, November 7, 2024. The company will host a conference call at 10:00 a.m. ET on the same day for financial analysts and investors to discuss results and answer questions. A press release with financial highlights will be available on the company's investor relations website, along with an audio webcast, taped replay, and transcript.

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UWM Holdings (NYSE: UWMC) reported its Q2 2024 results with total loan origination volume of $33.6 billion, including $27.2 billion in purchase volume. The company achieved net income of $76.3 million and diluted earnings per share of $0.03. Key highlights include:

- Total gain margin of 106 bps in Q2 2024
- Adjusted EBITDA of $133.1 million
- Total equity of $2.3 billion as of June 30, 2024
- Available liquidity of approximately $2.7 billion

UWM continues to dominate the purchase market and is well-positioned for future growth. The company launched new initiatives like TRAC+ and ChatUWM, and was announced as the official mortgage partner of the NBA and WNBA.

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UWM Holdings (NYSE:UWMC), the parent company of United Wholesale Mortgage, has announced its upcoming second quarter 2024 earnings conference call. The call is scheduled for Tuesday, August 6, 2024, at 10:00 a.m. ET. UWM, recognized as the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will release its financial highlights via a press release on its investor relations website prior to the call.

Interested parties can register for a toll-free dial-in number to participate in the call. The company will also provide an audio webcast, taped replay, and transcript on its investor relations website for those unable to attend the live call.

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UWM Holdings (NYSE: UWMC) reported a first quarter net income of $180.5 million, with loan origination volume reaching $27.6 billion, including a purchase volume of $22.1 billion. The company showed positive growth in both volume and margin, with a notable increase in loans originated compared to the previous year. Despite a higher rate environment, UWM displayed strong performance, highlighting the soundness of its strategy and business health. The company also announced key operational metrics, non-GAAP metrics, and business highlights for the first quarter of 2024.

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UWM Holdings (NYSE:UWMC) will announce its Q1 2024 results on May 9, 2024. The company, parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender in the U.S., will host a conference call for analysts and investors to review the financial highlights.

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UWM Holdings Corporation (NYSE: UWMC) reported a strong fourth quarter with a loan origination volume of $24.4 billion, including $20.7 billion in purchase volume. The company experienced a net loss of $461.0 million for 4Q23, mainly due to a decline in fair value of MSRs. Despite the financial loss, UWM remains operationally profitable and aims to invest in people, products, and technology for future growth.
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UWM Holdings Corporation (UWMC) to announce fourth quarter and full year 2023 financial results on February 28, 2024. The #1 mortgage lender in the U.S. will host a conference call for analysts and investors.
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FAQ

What is the current stock price of UWM Holdings Corporation (UWMC)?

The current stock price of UWM Holdings Corporation (UWMC) is $5.76 as of December 24, 2024.

What is the market cap of UWM Holdings Corporation (UWMC)?

The market cap of UWM Holdings Corporation (UWMC) is approximately 909.6M.

What does UWM Holdings Corporation do?

UWM Holdings Corporation specializes in the origination, sale, and servicing of residential mortgage loans across the United States and the District of Columbia.

What is uClose?

uClose is a groundbreaking tool developed by UWM that allows clients to go from clear-to-close to closing within minutes instead of days.

How does UWM ensure quality service?

UWM provides their account executives with over 200 hours of training and gives clients direct access to underwriters and support teams to ensure top-notch service.

What makes UWM different from other lenders?

UWM focuses on supporting clients rather than just transactions, offers the fastest turn times in the industry, and has innovative tools like uClose.

Where is UWM Holdings Corporation based?

UWM Holdings Corporation operates across the United States and the District of Columbia.

How does UWM support its team members?

UWM is committed to making their workplace a great environment for team members to ensure they can provide world-class service.

Why do more brokers choose UWM?

More brokers choose UWM because of their client-centric approach, fast turn times, innovative tools, and excellent service.

What are the latest developments at UWM?

For the latest developments, refer to the 'Latest News' section which highlights the most recent updates about the company.

What is the significance of the NMLS #3038?

The NMLS #3038 is a unique identifier for UWM Holdings Corporation in the Nationwide Multistate Licensing System, ensuring they meet regulatory standards.

How does UWM streamline the mortgage process?

UWM streamlines the mortgage process through tools like uClose and by offering direct access to underwriters, reducing the time and effort involved.

UWM Holdings Corporation

NYSE:UWMC

UWMC Rankings

UWMC Stock Data

909.58M
114.48M
24.46%
46.9%
7.68%
Mortgage Finance
Mortgage Bankers & Loan Correspondents
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