United Wholesale Mortgage

UWM Holdings Corp. operates as a wholesale mortgage lender. It underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks and local credit unions. The firm provides independent mortgage advisors with a set of technologically driven tools and a value proposition that enables them to offer borrowers that meet the credit rating standards compelling financing alternatives. The company was founded in 1986 and is headquartered in Pontiac, MI.

Earnings data Q1 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Albemarle

Zions Bancorp

Short-squeeze stocks can be tricky. Oftentimes, companies may seem like they are set up for a squeeze, but then disaster strikes.

3 Short-Squeeze Candidates to Keep on Your Radar

UWM Holdings Corporation (NYSE:UWMC ) Q3 2023 Results Conference Call November 8, 2023 10:30 AM ET Company Participants Blake Kolo - Chief Business Officer & Head of Investor Relations Mathew Ishbia - Chairman, President & CEO Andrew Hubacker - Executive VP, Chief Accounting Officer & CFO Conference Call Participants Kyle Joseph - Jefferies Bose George - KBW Eric Hagen - BTIG Jeffrey Adelson - Morgan Stanley Kevin Barker - Piper Sandler Mikhail Goberman - JMP Securities Operator Good morning. My name is Rob, and I will be your conference operator today.

UWM Holdings Corporation (UWMC) Q3 2023 Earnings Call Transcript

The headline numbers for UWM Holdings Corporation (UWMC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

UWM Holdings Corporation (UWMC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE: UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), today announced its results for the third quarter ended September 30, 2023. Total loan origination volume for the third quarter was $29.7 billion, of which $25.9 billion was purchase volume. The Company reported 3Q23 net income of $301.0 million, inclusive of a $92.9 million increase in fair value of MSRs, and diluted earnings per shar.

UWM Holdings Corporation Announces Third Quarter 2023 Results

PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE:UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its third quarter 2023 financial results on Wednesday, November 8, 2023. A press release with financial highlights will be available on the company's investor relations website https://investors.uwm.com in the earnings release section. UWM will host a conference.

UWM Holdings Corporation Announces Q3 2023 Earnings Conference Call

United Wholesale Mortgage is the #1 direct and wholesale Mortgage Lender in the USA with a dominant market share. The company has shown impressive growth in market share, maintained control over its headcount, and increased profit margins. Numerous economic risks and a dividend dilemma are driving me to hold this stock, for now.

UWM Holdings: Hold On

Dream Finders Homes

Invitation Homes

Lennar

Opendoor

Redfin

Zillow

Housing market crash fears are on the rise again. Sure, despite the big jump in interest rates, housing has stayed fairly resilient, thanks to scarce inventory.

Sell These 7 Stocks NOW Before the Next Housing Market Crash

Blackstone Mortgage Trust

Vornado Realty Trust

If you're interested in finding out about real estate short squeeze candidates, look no further. Interest rates are soaring.

3 Real Estate Stocks Due for a Massive Short Squeeze

Mr. Cooper Group Inc

Walker & Dunlop

The housing market in the United States has been calling the shots in a pivotal story; investors are witnessing a bottoming in everything surrounding Real Estate. These trends will challenge the rising mortgage rate fears, which were supposed to send the market crashing down.

3 Mortgage Companies To Watch On Rising Home Sales

The broker model performs better in a purchase-driven environment. The company's dividend is no sure thing.

UWM Shows Why Its Business Model Works in the Current Environment

M.D.C. Holdings

New York Community Bancorp

UWM Holdings's yield stands above 6.4%, and its shares have skyrocketed nearly 90% year to date. New York Community Bancorp offers a dividend yield of over 5% and a stock that's up more than 50% in 2023.

These High-Yield Dividend Stocks Are Growing at Blazing Speeds

UWM Holdings Corporation (NYSE:UWMC ) Q2 2023 Earnings Call Transcript August 9, 2023 10:30 AM ET Company Participants Blake Kolo - Chief Business Officer & Head of IR Mat Ishbia - Chairman & CEO Andrew Hubacker - CFO Conference Call Participants Kyle Joseph - Jefferies James Faucette - Morgan Stanley Bose George - KBW Douglas Harter - Credit Suisse Kevin Barker - Piper Sandler Eric Hagen - BTIG Michael Kaye - Wells Fargo Steven Delaney - JMP securities Vilas Abraham - UBS Operator Good morning. My name is Lisa, and I'll be your conference operator today.

UWM Holdings Corporation (UWMC) Q2 2023 Earnings Call Transcript

UWM Holdings Corporation (UWMC) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.10 per share a year ago.

UWM Holdings Corporation (UWMC) Q2 Earnings and Revenues Beat Estimates

PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE: UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), today announced its results for the second quarter ended June 30, 2023. Total loan origination volume for the second quarter was $31.8 billion, of which $28.0 billion was purchase volume. The Company reported 2Q23 net income of $228.8 million, inclusive of a $24.6 million increase in fair value of MSRs and diluted earnings per share of.

UWM Holdings Corporation Announces Second Quarter 2023 Results

PONTIAC, Mich.--(BUSINESS WIRE)--UWM Holdings Corporation (NYSE:UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its second quarter 2023 financial results on Wednesday, August 9, 2023. A press release with financial highlights will be available on the company's investor relations website https://investors.uwm.com in the earnings release section. UWM will host a conference.

UWM Holdings Corporation Announces Q2 2023 Earnings Conference Call

UWM Holdings Corporation reported a strong Q1 2023 performance with mortgage loan production volume of $22.3 billion and a gain margin increase from 51 basis points in Q4 to 92 basis points in Q1. Despite a net loss of $139 million due to a $337 million markdown affecting their Mortgage Servicing Rights portfolio, UWM maintained operational profitability and increased liquidity reserves to an estimated $2.9 billion. The company's future performance is sensitive to interest rate changes and operational challenges, which could impact profitability and asset valuations.

UWM Holdings: Impressive Loan Volumes But Looming Challenges

Stocks reacted positively on Wednesday as annual consumer inflation fell to 3% in June, down from May's 4% reading and below estimates of 3.1%. The annual rate of inflation dropped for 12 consecutive months, reaching its lowest point since March 2021.

How To Earn $500 A Month From UWM Holdings Corp Stock - UWM Hldgs (NYSE:UWMC)

PacWest Bancorp

SoFi Technologies

The outlook of American bank stocks is generally mixed at this point. On the one hand, the sector should benefit from the overall strength of the U.S. economy, and the increase in interest rates makes it easier for many banks to generate large net interest margins (NIM) by charging high-interest rates on their loans.

3 Bank Stocks That Have Big Investors Running for the Exit

Matterport

Pagaya Technologies Ltd

Paysafe

Polestar Automotive Holding UK PLC

NuScale Power Corp

With the latest Consumer Price Index (or CPI) figures suggesting is easy, now may be a great time to consider DeSPAC stocks to buy. With year-over-year inflation (as measured by the CPI) now running at around 4%, the Federal Reserve's hiking of interest rates to curb inflation seems to be working.

7 DeSPAC Stocks to Buy Following Encouraging CPI Report

Chewy

Paramount Global

One of the biggest developments in the market in recent years has been the rise in meme stocks. Individual traders have taken to forums such as Reddit to organize discussions and advocacy around certain companies.

3 Short Squeeze Stocks That Could Skyrocket in the Next 12 Months

The broker business is better suited for a purchase-driven environment. United Wholesale's dividend is no sure thing.

United Wholesale's Results Confirm the Benefit of Its Business Model

UWM Holdings Corporation (NYSE:UWMC ) Q1 2023 Earnings Conference Call May 10, 2023 10:30 AM ET Company Participants Blake Kolo - Chief Business Officer & Head of IR Mat Ishbia - Chairman & CEO Andrew Hubacker - CFO Conference Call Participants Kyle Joseph - Jefferies Steve Delaney - JMP securities Bose George - KBW Blake Netter - Morgan Stanley Eric Hagen - BTIG Doug Harter - Credit Suisse Michael K. - Wells Fargo Mike Smith - KBW Operator Good morning.

UWM Holdings Corporation (UWMC) Q1 2023 Earnings Call Transcript

PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE: UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), today announced its results for the first quarter ended March 31, 2023. Total loan origination volume for the first quarter was $22.3 billion, of which $19.2 billion was purchase volume. The Company reported a 1Q23 net loss of $138.6 million, inclusive of a $337 million decline in fair value of MSRs, and diluted loss per share of $0.13.

UWM Holdings Corporation Announces First Quarter 2023 Results

AGNC Investment

Medical Properties Trust

SL Green Realty

Starwood Property

U.S. Bancorp

Although the next round of key inflation reports could change their tune, Federal Reserve officials for now remain adamant about raising interest rates to curb inflation. In fact, if they do it's important to stay away from the worst dividend stocks for rising rates.

7 Dividend Stocks to Avoid as Interest Rates Rise in 2023

Silvergate Capital Corp

Investors who've held bank stocks have been on a roller coaster since last month, especially with certain banks such as the Silicon Valley Bank (OTCMKTS: SIVBQ ) and Silvergate Capital (NYSE: SI ). However, big banks and their stocks haven't been spared the pain either.

News for United Wholesale Mortgage Stock (UWMC)