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UWM Holdings Corporation - UWMC STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect UWM Holdings Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of UWM Holdings Corporation's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.07%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.33%
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Rhea-AI Summary
UWM Holdings Corporation (NYSE: UWMC) reported a net income of $301.0 million and a loan origination volume of $29.7 billion in the third quarter of 2023. The company remains highly profitable with a total gain margin of 97 bps and a total equity of $3.1 billion at the end of the quarter. Mat Ishbia, Chairman and CEO, emphasized the company's focus on growing market share and the broker channel, despite challenges in the industry.
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Rhea-AI Sentiment
End-of-Day
14.17%
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Rhea-AI Summary
UWM Holdings Corporation (NYSE:UWMC) will announce its Q3 2023 financial results on November 8, 2023. The company is the #1 overall mortgage lender in the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
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Rhea-AI Summary
UWM Holdings Corporation (NYSE: UWMC) reported a second-quarter loan origination volume of $31.8 billion, including a purchase volume of $28.0 billion, the largest quarterly purchase production in the company's history. The company also reported 2Q23 net income of $228.8 million and diluted earnings per share of $0.08. UWM remains profitable despite a decline in industry-wide origination volume. Total equity was $2.9 billion at June 30, 2023, and the company ended 2Q23 with approximately $2.8 billion of available liquidity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.23%
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Rhea-AI Sentiment
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-1.39%
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Rhea-AI Summary
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-18.01%
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Rhea-AI Sentiment
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0.52%
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Rhea-AI Sentiment
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7.98%
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Rhea-AI Sentiment
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-2.24%
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UWM Holdings Corporation

NYSE:UWMC

UWMC Rankings

UWMC Stock Data

10.19B
85.18M
4.5%
53.93%
16.71%
Other Activities Related to Credit Intermediation
Finance and Insurance
Link
United States
Pontiac

About UWMC

at uwm, we are younited to focus on you, not the transaction. everything we do is designed to support our clients’ business and make lending easy. we deliver the fastest turn times in the industry. we develop groundbreaking tools like uclose that give you the power to go from clear-to-close to closing in minutes instead of days. we provide our account executives with over 200 hours of training before they dial up your number. we give you direct access to our underwriters and support teams — and much more. we’re also committed to making uwm a great place to work for our own team members so that they can provide the world-class service you deserve. here, relationships come first. that’s why more brokers choose uwm than any other lender. nmls #3038