Uwm Holdings Corporation Stock Price, News & Analysis

UWM Holdings Corporation (NYSE: UWMC) announced its fourth quarter and full year results for 2022. UWM was the top mortgage lender in the U.S. with loan origination volume of $25.1 billion in Q4, down from $33.5 billion in Q3. The company reported a net loss of $62.5 million for Q4, with a diluted loss per share of $(0.03), contrasting with $325.6 million net income in Q3. For FY 2022, UWM's net income stood at $931.9 million. The company maintained an 11% market share in the overall mortgage market. UWM declared a cash dividend of $0.10 per share, payable on April 11, 2023, maintaining its commitment to shareholder returns.

UWM Holdings Corporation (NYSE:UWMC) will announce its fourth quarter and full year 2022 financial results on March 1, 2023. A press release with financial highlights will be posted on the company’s investor relations website. A conference call for financial analysts and investors will also be held on the same day at 10:30 AM ET. UWM is recognized as the #1 overall mortgage lender and has maintained its status as the largest wholesale mortgage lender for eight consecutive years. The company focuses on innovation and superior client service, originating loans primarily through independent mortgage brokers across all 50 states.

United Wholesale Mortgage (UWM) has appointed Andrew Hubacker as its new Chief Financial Officer, effective immediately. Hubacker, who joined UWM in 2020 as Chief Accounting Officer, has been serving as Interim Principal Financial Officer since July 2022. He played a crucial role in UWM's successful public offering through the largest SPAC and has been instrumental in achieving the company's status as the #1 mortgage lender in the nation. Hubacker aims to enhance the finance team’s capabilities and maintain UWM's leading market position through innovative financial strategies.

UWM Holdings Corporation (NYSE: UWMC) reported impressive financial results for Q3 2022, achieving a net income of $325.6 million, driven by a loan origination volume of $33.5 billion. This volume included a record $27.7 billion in purchase loans, a 24% increase from the previous quarter. UWM surpassed Rocket Mortgage to become the #1 overall mortgage lender in America. Notably, fair value gains from Mortgage Servicing Rights (MSRs) contributed $236.8 million to net income. The company also announced a $0.10 cash dividend per share, payable on January 10, 2023.

UWM Holdings Corporation (NYSE:UWMC), the largest wholesale and purchase mortgage lender in the U.S., will announce its third quarter 2022 financial results on November 4, 2022. A press release detailing financial highlights will be accessible on its investor relations website. Furthermore, a conference call for analysts and investors is scheduled for 10:00 AM ET on the same day, enabling participants to review results and ask questions. Timely registration is advised for participants.

UWM Holdings Corporation (NYSE: UWMC) reported net income of $215.4 million for 2Q22, a 55% increase from $138.7 million in 2Q21. Total loan origination volume reached $29.9 billion, including $22.4 billion in purchase volume, a 17% increase from 1Q22. Total equity grew to $3.2 billion. Additionally, UWM declared a cash dividend of $0.10 per share, payable on October 10, 2022. The company's technology advancements, such as BOLT, have improved underwriting efficiency, cutting application times significantly.

UWM Holdings Corporation (NYSE:UWMC) will release its second quarter 2022 financial results on August 9, 2022. A press release detailing financial highlights will be available on the company’s investor relations website. Following the announcement, UWM will conduct a conference call for analysts and investors at 10:00 AM ET on the same day. UWM is the largest wholesale mortgage lender in the U.S., specializing in conforming and government loans through a network of independent mortgage brokers.

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.