Welcome to our dedicated page for Uwm Holdings news (Ticker: UWMC), a resource for investors and traders seeking the latest updates and insights on Uwm Holdings stock.
UWM Holdings Corporation operates as the publicly traded indirect parent of United Wholesale Mortgage, a residential mortgage lender that originates loans exclusively through the wholesale channel. The company works with independent mortgage brokers and originates primarily conforming and government loans across all 50 states and the District of Columbia.
Company updates commonly address loan origination volume, revenue and earnings, dividend declarations, mortgage servicing operations, proprietary technology platforms and broker-channel initiatives. UWMC news also includes capital-structure and governance matters, including public-float and share-liquidity activity involving SFS Holdings, as well as material agreements and shareholder voting matters.
UWM Holdings (NYSE: UWMC) has announced the appointment of Rami Hasani as its new Chief Financial Officer, effective April 1, 2025. Hasani, who joined UWM in November 2020 as Vice President of Financial Reporting & Compliance, will succeed Andrew Hubacker, who will transition to a senior advisor role.
In his new position, Hasani will oversee all financial aspects including accounting, reporting, compliance, tax, treasury, liquidity management, budgeting, and forecasting. Prior to joining UWM, he spent over 15 years at Deloitte & Touche, LLP, most recently as a Senior Manager in the Advisory practice. Hasani holds a B.S. in accounting from Oakland University and has been a Certified Public Accountant since 2004.
UWM Holdings (NYSE: UWMC) reported strong financial results for Q4 and full year 2024. The company achieved total loan origination volume of $139.4 billion for 2024, up nearly 30% year-over-year, with a gain margin of 110 basis points.
Key highlights include:
- Record purchase originations of $96.1 billion in 2024
- Refinance originations increased 201% to $43.4 billion in 2024
- Net income of $329.4 million in 2024, compared to a net loss of $69.8 million in 2023
- Q4 2024 net income of $40.6 million with originations of $38.7 billion
The company maintains strong liquidity with approximately $2.5 billion available, including $507.3 million in cash. For Q1 2025, UWM anticipates production between $28-35 billion with gain margins of 90-115 basis points. The Board declared a cash dividend of $0.10 per share, marking the seventeenth consecutive quarter of dividends.
UWM Holdings (NYSE:UWMC), the parent company of United Wholesale Mortgage and the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., has scheduled its fourth quarter and full year 2024 earnings announcement for Wednesday, February 26, 2025.
The company will release financial highlights via press release on their Investor Relations website and host a conference call for analysts and investors at 11 a.m. ET on the same day. Interested parties can register for a toll-free dial-in through the provided registration link and are advised to dial in at least 15 minutes before the call. An audio webcast, taped replay, and transcript will be available on UWM's Investor Relations website.
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.
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.
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.
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.
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.
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.
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.