UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. The company was founded in 1986 and is headquartered in Pontiac, Michigan.
IPO Year:
Exchange: NYSE
Website: uwm.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/5/2024 | $6.00 → $7.50 | Equal-Weight | Morgan Stanley |
| 10/8/2024 | $6.00 → $8.00 | Underweight → Equal Weight | Barclays |
| 4/9/2024 | $6.00 | Underperform → Mkt Perform | Keefe Bruyette |
| 1/10/2024 | $6.00 | Mkt Perform → Underperform | Keefe Bruyette |
| 1/10/2024 | Hold | Deutsche Bank | |
| 12/6/2023 | $4.00 | Sell | UBS |
| 11/15/2023 | $4.00 | Underweight | Barclays |
| 10/5/2023 | $6.00 | Neutral → Buy | BTIG Research |
| 8/8/2023 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 5/26/2023 | $5.50 → $7.00 | Hold → Buy | Jefferies |
United Wholesale Mortgage (UWM), the #1 overall lender in America, has named Andrew Hubacker its new Chief Financial Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230206005258/en/UWM's Chief Financial Officer, Andrew Hubacker (Photo: Business Wire) Hubacker will assume the position immediately and will oversee all financial aspects of the company including accounting, internal and external reporting, financial compliance, tax, treasury and liquidity management, and budgeting and forecasting. Hubacker originally joined the company in October of 2020 as Chief Accounting Officer and took on the role of Interim Principal Fi
Third Quarter Net Income of $31.9 Million. Loan Origination Volume of $39.5 Billion, Including Purchase Volume of $26.2 Billion. 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, 2024. Total loan origination volume for the third quarter 2024 was $39.5 billion, of which $26.2 billion was purchase volume. The Company reported 3Q24 net income of $31.9 million, inclusive of a $446.1 million decline in fair value of MSRs and a $226.9 million gain on other interest rate derivatives. Mat Ishbia, Chairman and CEO of UWMC, said, "When looking at Q3, I
UWM Holdings Corporation ((UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its third quarter 2024 results on Thursday, November 7, 2024. 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 call for financial analysts and investors on Thursday, November 7, 2024, at 10:00 a.m. ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visiting: https://registrations.events/di
Second Quarter Net Income of $76.3 Million. Loan Origination Volume of $33.6 Billion, Including Purchase Volume of $27.2 Billion. 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, 2024. Total loan origination volume for the second quarter 2024 was $33.6 billion, of which $27.2 billion was purchase volume. The Company reported 2Q24 net income of $76.3 million, inclusive of a $115.3 million decline in fair value of MSRs, net, and diluted earnings per share of $0.03. Mat Ishbia, Chairman and CEO of UWMC, said, "The second quarter was another strong
UWM Holdings Corporation ((UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its second quarter 2024 results on Tuesday August 6, 2024. 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 call for financial analysts and investors on Tuesday, August 6, 2024, at 10:00 a.m. ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visiting: https://registrations.events/direct
First Quarter Net Income of $180.5 Million. Loan Origination Volume of $27.6 Billion, Including Purchase Volume of $22.1 Billion. 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, 2024. Total loan origination volume for the first quarter 2024 was $27.6 billion, of which $22.1 billion was purchase volume. The Company reported 1Q24 net income of $180.5 million, inclusive of a $15.6 million decline in the fair value of MSRs, and diluted earnings per share of $0.09. Mat Ishbia, Chairman and CEO of UWMC, said, "We continue to see positive results fro
UWM Holdings Corporation ((UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its first quarter 2024 results on Thursday, May 9, 2024. 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 call for financial analysts and investors on Thursday, May 9, 2024, at 10:00 a.m. ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visiting: https://registrations.events/direct/Q4I
Fourth Quarter Loan Origination Volume of $24.4 Billion, Including Purchase Volume of $20.7 Billion. UWM Holdings Corporation (NYSE:UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage ("UWM"), today announced its results for the fourth quarter and full year ended December 31, 2023. Total loan origination volume for the fourth quarter 2023 was $24.4 billion, of which $20.7 billion was purchase volume. Total loan originations for full year 2023 were $108.3 billion, of which $93.9 billion was purchase volume. The Company reported 4Q23 net loss of $461.0 million, inclusive of a $634.4 million decline in fair value of MSRs, and diluted loss per share of $0.2
UWM Holdings Corporation ((UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its fourth quarter 2023 and full year 2023 financial results on Wednesday, February 28, 2024. 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 call for financial analysts and investors on Wednesday, February 28, 2024, at 10:30 a.m. ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visit
Third Quarter Net Income of $301.0 Million Loan Origination Volume of $29.7 Billion, including Purchase Volume of $25.9 Billion 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 share of $0.15. Mat Ishbia, Chairman and CEO of UWMC, said, "The strength of UWM and the broker channel
UWM Holdings Corporation ((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 call for financial analysts and investors on Wednesday, November 8, 2023, at 10:30 AM ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visiting: https://conferencingpor
Morgan Stanley resumed coverage of UWM Holdings with a rating of Equal-Weight and set a new price target of $7.50 from $6.00 previously
Barclays upgraded UWM Holdings from Underweight to Equal Weight and set a new price target of $8.00 from $6.00 previously
Keefe Bruyette upgraded UWM Holdings from Underperform to Mkt Perform and set a new price target of $6.00
Keefe Bruyette downgraded UWM Holdings from Mkt Perform to Underperform and set a new price target of $6.00
Deutsche Bank initiated coverage of UWM Holdings with a rating of Hold
UBS resumed coverage of UWM Holdings with a rating of Sell and set a new price target of $4.00
Barclays initiated coverage of UWM Holdings with a rating of Underweight and set a new price target of $4.00
BTIG Research upgraded UWM Holdings from Neutral to Buy and set a new price target of $6.00
JMP Securities downgraded UWM Holdings from Mkt Outperform to Mkt Perform
Jefferies upgraded UWM Holdings from Hold to Buy and set a new price target of $7.00 from $5.50 previously
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Third Quarter Net Income of $31.9 Million. Loan Origination Volume of $39.5 Billion, Including Purchase Volume of $26.2 Billion. 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, 2024. Total loan origination volume for the third quarter 2024 was $39.5 billion, of which $26.2 billion was purchase volume. The Company reported 3Q24 net income of $31.9 million, inclusive of a $446.1 million decline in fair value of MSRs and a $226.9 million gain on other interest rate derivatives. Mat Ishbia, Chairman and CEO of UWMC, said, "When looking at Q3, I
UWM Holdings Corporation ((UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its third quarter 2024 results on Thursday, November 7, 2024. 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 call for financial analysts and investors on Thursday, November 7, 2024, at 10:00 a.m. ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visiting: https://registrations.events/di
Second Quarter Net Income of $76.3 Million. Loan Origination Volume of $33.6 Billion, Including Purchase Volume of $27.2 Billion. 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, 2024. Total loan origination volume for the second quarter 2024 was $33.6 billion, of which $27.2 billion was purchase volume. The Company reported 2Q24 net income of $76.3 million, inclusive of a $115.3 million decline in fair value of MSRs, net, and diluted earnings per share of $0.03. Mat Ishbia, Chairman and CEO of UWMC, said, "The second quarter was another strong
UWM Holdings Corporation ((UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its second quarter 2024 results on Tuesday August 6, 2024. 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 call for financial analysts and investors on Tuesday, August 6, 2024, at 10:00 a.m. ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visiting: https://registrations.events/direct
First Quarter Net Income of $180.5 Million. Loan Origination Volume of $27.6 Billion, Including Purchase Volume of $22.1 Billion. 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, 2024. Total loan origination volume for the first quarter 2024 was $27.6 billion, of which $22.1 billion was purchase volume. The Company reported 1Q24 net income of $180.5 million, inclusive of a $15.6 million decline in the fair value of MSRs, and diluted earnings per share of $0.09. Mat Ishbia, Chairman and CEO of UWMC, said, "We continue to see positive results fro
UWM Holdings Corporation ((UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its first quarter 2024 results on Thursday, May 9, 2024. 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 call for financial analysts and investors on Thursday, May 9, 2024, at 10:00 a.m. ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visiting: https://registrations.events/direct/Q4I
Fourth Quarter Loan Origination Volume of $24.4 Billion, Including Purchase Volume of $20.7 Billion. UWM Holdings Corporation (NYSE:UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage ("UWM"), today announced its results for the fourth quarter and full year ended December 31, 2023. Total loan origination volume for the fourth quarter 2023 was $24.4 billion, of which $20.7 billion was purchase volume. Total loan originations for full year 2023 were $108.3 billion, of which $93.9 billion was purchase volume. The Company reported 4Q23 net loss of $461.0 million, inclusive of a $634.4 million decline in fair value of MSRs, and diluted loss per share of $0.2
UWM Holdings Corporation ((UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its fourth quarter 2023 and full year 2023 financial results on Wednesday, February 28, 2024. 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 call for financial analysts and investors on Wednesday, February 28, 2024, at 10:30 a.m. ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visit
Third Quarter Net Income of $301.0 Million Loan Origination Volume of $29.7 Billion, including Purchase Volume of $25.9 Billion 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 share of $0.15. Mat Ishbia, Chairman and CEO of UWMC, said, "The strength of UWM and the broker channel
UWM Holdings Corporation ((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 call for financial analysts and investors on Wednesday, November 8, 2023, at 10:30 AM ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visiting: https://conferencingpor
Barclays analyst Mark Devries maintains UWM Hldgs (NYSE:UWMC) with a Underweight and raises the price target from $5 to $6.
Shares of U.S.-listed mortgage lenders have risen on the heels of U.S. regulators allowing the Federal Home Loan Mortgage Corp (OTC:FMCC), aka Freddie Mac, to buy second mortgages, a move that could lower the cost of borrowing against home equity. The Federal Housing Finance Authority (FHFA) said Freddie Mac could buy up to $2.5 billion of second mortgages over an 18-month trial period, Bloomberg reported. FHFA will then decide whether the pilot program helps borrowers in rural and underserved communities obtain them, among other criteria. Freddie Mac proposed backing second mortgages in April after the steep jump in home loan rates over the past two years. When rates were lower, a hom
Across the recent three months, 4 analysts have shared their insights on UWM Hldgs (NYSE:UWMC), expressing a variety of opinions spanning from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated UWM Hldgs and provided 12-month price targets. The average target is $6.75, accompanied by a high estimate of $7.00 and a low estimate of $6.00. Surpassing the
Wedbush analyst Henry Coffey reiterates UWM Hldgs (NYSE:UWMC) with a Neutral and maintains $7 price target.
Wedbush analyst Henry Coffey reiterates UWM Hldgs (NYSE:UWMC) with a Neutral and maintains $7 price target.
Keefe, Bruyette & Woods analyst Bose George reiterates UWM Hldgs (NYSE:UWMC) with a Market Perform and raises the price target from $6 to $7.
UWM Hldgs (NYSE:UWMC) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.06 by 50 percent. The company reported quarterly sales of $569.956 million which beat the analyst consensus estimate of $451.732 million by 26.17 percent. This is a 253.41 percent increase over sales of $161.274 million the same period last year.
Keefe, Bruyette & Woods analyst Bose George upgrades UWM Hldgs (NYSE:UWMC) from Underperform to Market Perform and maintains $6 price target.
Hunterbrook Media, a new hedge fund that doubles as a news organization, released its first short report on UWM Holdings Corp (NYSE:UWMC) on Tuesday. Hunterbrook alleges in the report that UWM unfairly incentivized mortgage brokers to push business to the firm — and Hunterbrook encouraged a class action lawsuit against UWM, the country's largest mortgage lender.What Is Hunterbrook Media? Hunterbrook is a hybrid between a hedge fund and a news organization founded by two Harvard graduates, Nathaniel Brooks Horwitz and Sam Koppelman. Hunterbrook's first report, which outlines what it said are unfair and deceptive practices from UWM, discloses the fact that Hunterbrook took a short position out
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