UWM Holdings Corporation - UWMC STOCK NEWS

UWM Holdings Corporation (NYSE:UWMC) will celebrate National Mortgage Brokers Day by ringing the closing bell at NYSE on July 18, bringing together 100 independent mortgage brokers from across America. This marks the second consecutive year UWM is recognizing the vital role of mortgage brokers in the lending industry. CEO Mat Ishbia highlighted the growth of the wholesale channel, emphasizing that mortgage brokers offer the fastest, easiest, and most cost-effective mortgage solutions. UWM has maintained its status as the #1 wholesale mortgage lender in the nation for seven years.

UWM Holdings Corporation (NYSE: UWMC) reported a 1Q22 net income of $453.3 million and diluted earnings per share of $0.22, despite a 21% decrease in loan origination volume to $38.8 billion. Purchase volume reached a record $19.1 billion, marking a 56% increase year-over-year. A $172.0 million increase in the fair value of mortgage servicing rights (MSRs) contributed to net income. Equity rose to $3.2 billion, while total gain margin decreased to 99 bps from 219 bps. UWM anticipates $26-$33 billion in loan production for Q2 2022.

UWM Holdings Corporation (NYSE:UWMC), the largest wholesale mortgage lender in the U.S., will announce its first quarter 2022 financial results on May 10, 2022. A press release detailing financial highlights will be posted on their investor relations website. The company will also host a conference call for analysts and investors on the same day at 10:00 AM ET to discuss the results. UWM operates through a proprietary technology platform, focusing on efficiency and service to the independent mortgage broker community.

UWM Holdings Corporation (NYSE: UWMC) announced impressive financial results for Q4 2021 and the full year. The company achieved a net income of $239.8 million in Q4 and $1.6 billion for the entire year, despite a decline in the fair value of mortgage servicing rights (MSRs). Total loan volume in Q4 reached a record $55.2 billion, with purchase volume at $24.5 billion. The company also repurchased 8.8 million shares for $60.6 million. Although the gain margin fell to 80 bps, UWM maintains significant market share in the wholesale channel, aiming to become the nation's top mortgage lender.

UWM Holdings Corporation (NYSE:UWMC), the largest wholesale mortgage lender in the U.S., will announce its fourth quarter and full year 2021 financial results on March 1, 2022. A press release detailing financial highlights will be available on UWM's investor relations website. Additionally, a conference call for financial analysts and investors is scheduled for 10:00 AM ET on the same day, where results will be reviewed and questions answered. UWM continues to focus on innovation and superior service within the mortgage broker community.

UWM Holding Corporation (NYSE: UWMC) has appointed Blake Kolo as Head of Investor Relations while retaining his role as Chief Business Officer. Kolo will take over investor relations from Matt Roslin, who will focus on Compliance and Legal Affairs. Kolo brings over 15 years of financial industry experience and aims to enhance communication with investors and analysts. He joined UWM in 2019, overseeing mortgage funding and servicing rights operations. His expertise is expected to contribute to UWM's growth and financial performance.

UWM Holdings Corporation (NYSE:UWMC) announced the termination of a secondary offering of Class A Common Stock by its principal shareholder, SFS Holding Corp, due to unfavorable market conditions. The offering aimed to increase liquidity and public float by approximately 50%. Instead, UWM will accelerate its stock buyback program to reduce the number of fully diluted shares. CEO Mat Ishbia expressed confidence in the company's financial performance and indicated a willingness to revisit public float increases when market conditions improve.

UWM Holdings Corporation (NYSE:UWMC) announces a secondary offering of 50 million shares of Class A common stock by its controlling shareholder, SFS Holding Corp. The offering proceeds will go directly to SFS, while UWM intends to buy back $100 million in equity interests from SFS as part of its $300 million stock repurchase program. This buyback will utilize existing cash. J.P. Morgan and BofA Securities are managing the offering, with the registration statement pending effectiveness. The buyback's purpose is to enhance shareholder value and maintain equity structure.

UWM Holdings Corporation (NYSE:UWMC) announced the pricing of a $500 million senior notes offering with a 5.750% interest rate due 2027. Closing is expected on November 22, 2021, subject to customary conditions. The proceeds will be utilized for general corporate purposes and growth funding. The offering is available exclusively to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and certain non-U.S. persons outside the United States. The Notes will not be registered under the Securities Act, limiting their offer and sale without exemption.