Uwm Holdings Corporation - UWMC STOCK NEWS

UWM Holdings Corporation (NYSE:UWMC), the parent of United Wholesale Mortgage, has launched a contest celebrating National Mortgage Brokers Day. Independent mortgage brokers can share stories to enter for a chance to ring the bell at the NYSE with CEO Mat Ishbia. The contest runs from June 8 to June 25, 2021, with winners announced in early July. UWM has undertaken several initiatives to support mortgage brokers, including a dedicated website, a Super Bowl commercial, and various technology and marketing tools aimed at enhancing broker-client relationships.

UWM Holdings Corporation (NYSE: UWMC) reported an impressive 1Q21, with net income soaring to $860 million, a 42x increase from $20.3 million in 1Q20. Loan originations reached $49.1 billion, reflecting a 16% year-over-year rise. The company declared a quarterly dividend of $0.10 per share, payable on July 6, 2021, and initiated a $300 million share repurchase program set to commence on May 11, 2021. UWM's total equity jumped to $2.78 billion from $681.5 million a year prior, bolstering its position as the largest wholesale mortgage lender in America.

UWM Holdings Corporation (NYSE:UWMC), the leading wholesale mortgage lender in the U.S., will release its Q1 2021 financial results after market close on May 10, 2021. A financial highlights press release will be available on the company’s investor relations website. Additionally, a conference call for analysts and investors is scheduled for May 11 at 10 AM ET, where results will be discussed and questions answered. UWM prides itself on its innovative mortgage solutions and commitment to mortgage brokers, maintaining its status as the #1 wholesale lender for six consecutive years.

UWM Holdings Corporation (NYSE:UWMC) announced the pricing of $700 million in senior notes with a 5.500% interest rate due 2029. The offering is expected to close on April 7, 2021. The proceeds will be used to repay outstanding amounts under its MSR Facility and for general corporate purposes. The notes will be offered primarily to qualified institutional buyers in compliance with Rule 144A under the Securities Act of 1933. These securities have not been registered and can't be sold in the U.S. without proper exemptions.

UWM Holdings Corporation (NYSE:UWMC) has announced a private offering of $700 million in senior notes due 2029. The proceeds will primarily be used to settle outstanding amounts under its MSR Facility and for general corporate purposes. The offering is restricted to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S. The notes are unregistered and cannot be sold in the U.S. without compliance with applicable laws.

UWM Holdings Corporation (NYSE: UWMC) reported strong financial results for Q4 and FY 2020, achieving a net income of $1.37 billion for Q4 and $3.38 billion for the full year, marking increases of 821% and 715% respectively compared to prior year periods. The Board declared a quarterly dividend of $0.10 per share, payable on April 6, 2021, to stockholders of record by March 10, 2021. With record loan originations of $54.7 billion in Q4, UWM's equity rose to $2.37 billion, and the company plans to continue focusing on the wholesale mortgage channel for future growth.

UWM Holdings Corporation (NYSE:UWMC) will release its fourth quarter 2020 financial results on February 3, 2021, after market close. A detailed press release will be accessible on the company's investor relations website. UWM will conduct a conference call for analysts and investors on February 4 at 10 AM ET to discuss these results. Known as the #1 wholesale and purchase mortgage lender in the U.S., UWM supports independent mortgage brokers with advanced technology and comprehensive client service, driving its leadership position in the market.

UWM Holdings Corporation, parent of United Wholesale Mortgage, celebrated its first day trading on the NYSE under ticker symbol UWMC following a business combination with Gores Holdings IV, Inc. The transaction netted UWM approximately $895 million, including $395 million from Gores Holdings IV and $500 million from a private placement with institutional investors. CEO Mat Ishbia highlighted UWM's commitment to supporting mortgage brokers and maximizing shareholder value as they embark on their new journey as a public company.