Latest News on UWMC

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UWM Holdings director Ishbia sells $9.28 million in stock By Investing.com

https://m.ca.investing.com/news/insider-trading-news/uwm-holdings-director-ishbia-sells-928-million-in-stock-93CH-4465330?ampMode=1
Mat Ishbia, a director and CEO of UWM Holdings Corp (NASDAQ:UWMC), sold 1,898,622 Class A Common Stock shares totaling $9.28 million between February 13 and February 18, 2026, under a 10b5-1 plan. This comes as UWM Holdings plans to acquire Two Harbors Investment Corp for $1.3 billion and Jefferies initiated coverage with a Hold rating and a $5.00 price target. The transactions also included the conversion of 6,600,000 UWM Paired Interests into Class A Common Stock.

UWM Holdings director Ishbia sells $9.28 million in stock

https://m.investing.com/news/insider-trading-news/uwm-holdings-director-ishbia-sells-928-million-in-stock-93CH-4512240?ampMode=1
Mat Ishbia, a director and CEO of UWM Holdings Corp, sold 1,898,622 shares of Class A Common Stock for $9.28 million between February 13 and February 18, 2026, under a 10b5-1 plan. This divestment coincides with UWM Holdings' strategic acquisition of Two Harbors Investment Corp for $1.3 billion and Jefferies initiating coverage with a "Hold" rating. These events highlight significant financial and strategic movements for the company.

UWM Holdings: SFS holding sells $6.49m in shares By Investing.com

https://m.ca.investing.com/news/insider-trading-news/uwm-holdings-sfs-holding-sells-649m-in-shares-93CH-4439539?ampMode=1
SFS Holding Corp, a significant owner of UWM Holdings Corp (NYSE:UWMC), sold 1,265,748 shares of Class A Common Stock for approximately $6.49 million on February 3rd and 4th, 2026, through a pre-arranged trading plan. These sales, ranging from $4.90 to $5.48 per share, reduced SFS Holding Corp’s direct holdings to 5,590,895 shares. The report also highlights Mat Ishbia's indirect control over SFS Corp's shares and his unvested Restricted Stock Units.

UWM Holdings: SFS holding sells $6.49m in shares By Investing.com

https://m.ng.investing.com/news/insider-trading-news/uwm-holdings-sfs-holding-sells-649m-in-shares-93CH-2324689?ampMode=1
SFS Holding Corp, a significant owner of UWM Holdings Corp (NYSE:UWMC), sold 1,265,748 shares of Class A Common Stock for approximately $6.49 million on February 3rd and 4th, 2026, through a pre-arranged trading plan. These sales, ranging from $4.90 to $5.48 per share, reduced SFS Holding Corp's direct holdings to 5,590,895 shares. The transactions come amidst recent volatility for UWMC shares and follows a mixed Q3 2025 financial report and a significant acquisition announcement of Two Harbors Investment Corp.

UWM Holdings CEO Mat Ishbia Sells 1.9 Million Shares

https://intellectia.ai/news/stock/uwm-holdings-ceo-mat-ishbia-sells-19-million-shares
Mat Ishbia, CEO of UWM Holdings (UWMC), indirectly sold 1,898,622 shares of Class A Common Stock for $11.14 million between January 16-21, 2026, under a 10b5-1 plan. This transaction reduced his total holdings by 25.32%, though his direct ownership remains unchanged. The sale occurs as UWMC's stock has dropped 50% over five years, with low mortgage loan volumes continuing to pressure performance despite recent Fed rate cuts.
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UWM Holdings: Mat Ishbia, SFS Holding sell $11.1m in shares By Investing.com

https://m.ca.investing.com/news/insider-trading-news/uwm-holdings-mat-ishbia-sfs-holding-sell-111m-in-shares-93CH-4419677?ampMode=1
Mat Ishbia, CEO of UWM Holdings Corp, and SFS Holding Corp sold a combined 1,898,622 shares of Class A Common Stock for approximately $11.1 million between January 22 and 26, 2026. These sales, executed under a pre-arranged 10b5-1 trading plan, have adjusted SFS Holding Corp's indirect holdings and Ishbia's direct holdings. The article also touches upon UWM Holdings' recent mixed financial results and a strategic acquisition plan for Two Harbors Investment Corp.

UWM Holdings: Mat Ishbia, SFS Holding sell $11.1m in shares By Investing.com

https://m.au.investing.com/news/insider-trading-news/uwm-holdings-mat-ishbia-sfs-holding-sell-111m-in-shares-93CH-4223546?ampMode=1
Mat Ishbia, CEO of UWM Holdings Corp, and SFS Holding Corp sold 1,898,622 shares of Class A Common Stock for approximately $11.1 million between January 22 and January 26, 2026. These sales were conducted under a pre-arranged 10b5-1 trading plan. This news follows recent mixed financial results for UWM Holdings and its announced plan to acquire Two Harbors Investment Corp.

UWM Holdings: Mat Ishbia, SFS Holding sell $11.1m in shares

https://m.investing.com/news/insider-trading-news/uwm-holdings-mat-ishbia-sfs-holding-sell-111m-in-shares-93CH-4466358?ampMode=1
UWM Holdings CEO Mat Ishbia and SFS Holding Corp sold a combined 1,898,622 shares of Class A Common Stock for approximately $11.1 million between January 22 and January 26, 2026. These sales were executed under a pre-arranged 10b5-1 trading plan. The article also mentions recent third-quarter financial results for UWM Holdings and strategic plans to acquire Two Harbors Investment Corp.

Halper Sadeh LLC Encourages WAT, TWO, UBFO, ALEX Shareholders to Contact the Firm to Discuss Their Rights

https://themalaysianreserve.com/2026/01/27/halper-sadeh-llc-encourages-wat-two-ubfo-alex-shareholders-to-contact-the-firm-to-discuss-their-rights/
Halper Sadeh LLC, an investor rights law firm, is investigating potential violations of federal securities laws and breaches of fiduciary duties related to several company mergers and sales. The firm encourages shareholders of Waters Corporation, Two Harbors Investment Corp., United Security Bancshares, and Alexander & Baldwin, Inc. to contact them to discuss their legal rights and options. Halper Sadeh LLC aims to seek increased consideration, additional disclosures, or other relief for the affected shareholders.

Two Harbors Investment Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Two Harbors Investment Corp. - TWO

https://www.sahmcapital.com/news/content/two-harbors-investment-investor-alert-kahn-swick-foti-llc-investigates-adequacy-of-price-and-process-in-proposed-sale-of-two-harbors-investment-corp-two-2026-01-24
Kahn Swick & Foti, LLC (KSF) is investigating the proposed sale of Two Harbors Investment Corp. (NYSE: TWO) to UWM Holdings Corporation (NYSE: UWMC). The law firm is examining whether the consideration of 2.3328 shares of UWM Class A Common Stock for each Two Harbors share and the process leading to the offer are adequate. KSF encourages Two Harbors shareholders who believe the offer undervalues the company to contact them to discuss their legal rights.
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UWM Holdings: Mat Ishbia, SFS holding sell $11.1m in shares By Investing.com

https://uk.investing.com/news/insider-trading-news/uwm-holdings-mat-ishbia-sfs-holding-sell-111m-in-shares-93CH-4464499
Mat Ishbia, CEO of UWM Holdings Corp (NYSE:UWMC), and SFS Holding Corp recently sold a combined total of 1,982,874 shares of Class A Common Stock, amounting to approximately $11.1 million. This took place between January 16 and January 21, 2026, with shares trading between $5.75 and $6.04. These transactions, alongside an announced acquisition of Two Harbors Investment Corp and recent financial results, highlight significant strategic and financial movements for UWM Holdings.

Billionaire Mat Ishbia Sells Another $8.4 Million in UWM Stock as Shares Slide 15% This Past Year

https://www.theglobeandmail.com/investing/markets/markets-news/Motley%20Fool/36939037/billionaire-mat-ishbia-sells-another-8-4-million-in-uwm-stock-as-shares-slide-15-this-past-year/
UWM Holdings Corporation CEO Mat Ishbia indirectly sold nearly 1.9 million shares, valued at $8.37 million, through SFS Corp. This transaction, part of a broader derivative conversion and liquidation strategy, aligns with a systematic reduction plan and is not indicative of a reduction in his core ownership position, which remains substantial. The company's fundamentals are improving, with strong Q3 performance and robust liquidity, making this sale a mechanical rather than behavioral signal for investors.

Billionaire Mat Ishbia Sells Another $8.4 Million in UWM Stock as Shares Slide 15% This Past Year

https://www.fool.com/coverage/filings/2026/01/07/billionaire-mat-ishbia-sells-another-usd8-4-million-in-uwm-stock-as-shares-slide-15-this-past-year/
UWM Holdings Corporation CEO Mat Ishbia sold nearly 1.9 million shares of company stock, valued at $8.37 million, through an indirect entity, SFS Corp. This transaction is part of a derivative conversion and liquidation strategy rather than a direct reduction of his core ownership, even as UWM's stock has declined by 15% over the past year. The company's fundamentals are improving, with strong Q3 financial results including increased revenue and adjusted EBITDA, indicating the sale is mechanical rather than a reflection of negative sentiment.

UWM Holding’s NYSE-listed warrants face delisting action

https://www.theglobeandmail.com/investing/markets/stocks/UWMC/pressreleases/36833359/uwm-holdings-nyse-listed-warrants-face-delisting-action/
UWM Holding Corporation's NYSE-listed warrants are facing delisting and immediate suspension of trading due to abnormally low selling prices. The company has opted not to appeal the NYSE's decision, but its common stock will continue to trade under the UWMC ticker. An analyst rating indicates a Hold with a $5.00 price target for UWMC stock.

UWM Holdings: SFS Holding Corp sells $9.6m in shares

https://m.investing.com/news/insider-trading-news/uwm-holdings-sfs-holding-corp-sells-96m-in-shares-93CH-4424804?ampMode=1
SFS Holding Corp, a ten percent owner of UWM Holdings Corp (NYSE:UWMC), sold 2,118,228 shares of Class A Common Stock for approximately $9.6 million between December 23 and December 29, 2025. These sales occurred at prices ranging from $4.42 to $4.70, close to UWMC’s current price of $4.40, amidst a 15.4% year-to-date decline in the stock. Mat Ishbia, CEO of UWMC, is also the Chief Executive Officer of SFS Corp, which indirectly holds 1,612,745 shares after these transactions.
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NYSE to Commence Delisting Proceedings with Respect to Warrants of UWM Holdings Corporation (UWMC WS)

https://markets.financialcontent.com/wral/article/bizwire-2025-12-19-nyse-to-commence-delisting-proceedings-with-respect-to-warrants-of-uwm-holdings-corporation-uwmc-ws
The NYSE announced it will commence delisting proceedings for the warrants of UWM Holdings Corporation (UWMC WS) due to "abnormally low selling price levels." Trading in these warrants will be suspended immediately, although trading in the Company's Class A common stock (UWMC) will continue. UWM Holdings Corporation has the right to appeal this determination by a Committee of the Exchange's Board of Directors.

UWM to Acquire Two Harbors in $1.3B All-Stock Deal

https://www.citybiz.co/article/785517/uwm-to-acquire-two-harbors-in-1-3b-all-stock-deal/
UWM Holdings Corporation announced its plan to acquire Two Harbors Investment Corp. in an all-stock deal valued at $1.3 billion. This strategic merger aims to significantly expand UWM's mortgage servicing rights (MSR) portfolio to approximately $400 billion, enhance servicing expertise, and generate an estimated $150 million in annual cost and revenue synergies. The transaction, expected to close in Q2 2026, will benefit both companies' stockholders with continued dividends and strengthen UWM's position as a leading mortgage lender.

Is UWM Holdings Stock a Buy or Sell After the Company's CEO Sold 1.2M Shares?

https://www.theglobeandmail.com/investing/markets/markets-news/Motley%20Fool/36660871/is-uwm-holdings-stock-a-buy-or-sell-after-the-company-s-ceo-sold-1-2m-shares/
UWM Holdings CEO Mat Ishbia indirectly sold 1.2 million shares through SFS Corp for $6.8 million, reducing his indirect stake by about 24.71%. This disposal, occurring on Dec. 11 and 12, 2025, aligns with previous dispositions aimed at increasing public float, rather than signaling a loss of faith in the company. Despite a lawsuit and a hefty dividend yield that may pose as a dividend trap, the company saw increased Q3 loan origination volume and revenue, suggesting investors should await further earnings reports.

Is UWM Holdings Stock a Buy or Sell After the Company's CEO Sold 1.2M Shares?

https://www.sharewise.com/us/news_articles/Is_UWM_Holdings_Stock_a_Buy_or_Sell_After_the_Companys_CEO_Sold_12M_Shares_TheMotleyFool_20251217_0807
Mat Ishbia, CEO of UWM Holdings Corporation (NYSE:UWMC), indirectly sold over 1.2 million Class A Common shares totaling approximately $6.8 million in December 2025. These open-market transactions, conducted through SFS Corp, involved sales on December 11 and 12, 2025. The article prompts a discussion on whether this insider activity signals a buy or sell opportunity for the company's stock.

UWM Holdings: director Ishbia, SFS holding sell $6.8m in stock

https://www.investing.com/news/insider-trading-news/uwm-holdings-director-ishbia-sfs-holding-sell-68m-in-stock-93CH-4407742
UWM Holdings director Mat Ishbia and SFS Holding Corp recently sold approximately $6.8 million worth of Class A Common Stock. The sales were executed under a pre-arranged 10b5-1 trading plan on December 11 and 12, 2025. Following these transactions, SFS Holding Corp. indirectly holds 3,730,973 shares, and Mat Ishbia directly holds 279,989 shares, with additional restricted stock units set to vest in March 2026.
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Assessing UWM Holdings’ Valuation After Insider Share Sale and Mixed Earnings Results

https://www.sahmcapital.com/news/content/assessing-uwm-holdings-valuation-after-insider-share-sale-and-mixed-earnings-results-2025-12-05
UWM Holdings (UWMC) recently experienced a significant insider share sale and released mixed Q3 earnings, beating revenue but missing earnings expectations. Despite short-term share price choppiness, the company's three-year total shareholder return remains positive. The article explores whether UWM's valuation is overly pessimistic or correctly priced, given its long-term track record, tech-forward business model, and plans for in-house servicing.

UWM Holdings Corporation Announces Third Quarter 2025 Results

https://www.businesswire.com/news/home/20251106230092/en/UWM-Holdings-Corporation-Announces-Third-Quarter-2025-Results
UWM Holdings Corporation announced its third-quarter 2025 results, reporting total loan origination volume of $41.7 billion, generating $843.3 million in revenue, $12.1 million in net income, and $211.1 million in Adjusted EBITDA. Chairman and CEO Mat Ishbia highlighted strategic decisions that led to record rate locks and attributed success to innovation and execution, including the forthcoming in-house servicing in collaboration with BILT and the successful deployment of their AI Loan Officer Assistant, Mia. The company also declared a cash dividend of $0.10 per share for the twentieth consecutive quarter and provided a Q4 2025 outlook anticipating production between $43 billion and $50 billion.

UWMC Stock Dips: Analyzing Insider Moves​

https://stockstotrade.com/news/uwm-holdings-corporation-uwmc-news-2025_11_06/
UWM Holdings Corporation (UWMC) stock has seen an 11.02% dip amid rising interest rates, influenced by significant insider share divestments by Ishbia Mat totaling over $10 million in recent months. Despite a strong pre-tax profit margin and revenue generation, the company faces challenges with a negative EBIT margin and liquidity issues. The insider sales and market volatility are prompting investors to reevaluate UWMC's stock while considering its attractive 7.07% dividend yield.

UWM Holding Announces Cash Dividend for Class A Shares

https://www.tipranks.com/news/company-announcements/uwm-holding-announces-cash-dividend-for-class-a-shares
UWM Holdings announced a cash dividend of $0.10 per share for Class A common stock, payable on January 8, 2026. The company reported a record loan origination volume of $41.7 billion in Q3 2025 and utilized AI to generate over 14,000 loans. Despite financial challenges like high leverage and cash flow constraints, UWM aims to bring servicing in-house by January and has an analyst rating of Hold with a $5.50 price target.

UWM Holdings (NYSE: UWMC) reports $41.7B third‑quarter originations, largest since 2021

https://www.stocktitan.net/news/UWMC/uwm-holdings-corporation-announces-third-quarter-2025-gag57mli76gv.html
UWM Holdings Corporation (NYSE: UWMC) announced its third-quarter 2025 results, reporting loan originations of $41.7 billion, the largest quarterly originations since 2021. The company achieved total revenue of $843.3 million and a net income of $12.1 million. UWMC also declared a cash dividend of $0.10 per share for the twentieth consecutive quarter and provided a Q4 outlook anticipating production between $43 billion and $50 billion with a gain margin of 105 to 130 basis points.
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UWM Holdings: Mat Ishbia, SFS Holding sell $6.3m in shares By Investing.com - Investing.com Australia

https://m.au.investing.com/news/insider-trading-news/uwm-holdings-mat-ishbia-sfs-holding-sell-63m-in-shares-93CH-4066458?ampMode=1
Mat Ishbia, CEO of UWM Holdings, and SFS Holding Corp. sold a combined $6.3 million in Class A Common Stock between October 15-16, 2025. These sales involved over 1.19 million shares at prices ranging from $5.19 to $5.59, despite UWMC being valued near its Fair Value by InvestingPro. The company maintains a 7.58% dividend yield and recently exceeded Q2 2025 earnings and revenue projections, along with pricing a $1 billion senior notes offering.

UWM Holdings: Mat Ishbia, SFS Holding sell $6.3m in shares By Investing.com - Investing.com Nigeria

https://ng.investing.com/news/insider-trading-news/uwm-holdings-mat-ishbia-sfs-holding-sell-63m-in-shares-93CH-2150559
The article reports that UWM Holdings' Mat Ishbia and SFS Holding sold $6.3 million in shares. This transaction is categorized as an insider trading news event. However, an application error prevented the full content of the article from loading.

UWM Holdings director Mat Ishbia sells $12.6m in shares By Investing.com - Investing.com Australia

https://m.au.investing.com/news/insider-trading-news/uwm-holdings-director-mat-ishbia-sells-126m-in-shares-93CH-4061278?ampMode=1
Mat Ishbia, director and CEO of UWM Holdings Corp, and SFS Holding Corp, a ten percent owner, sold over 2.3 million shares of Class A Common Stock worth $12.6 million between October 9 and 14, 2025. These sales were executed pursuant to a 10b5-1 plan. This news follows a strong second quarter for UWM Holdings, which exceeded analyst expectations for EPS and revenue, and announced a $1 billion senior notes offering.

UWM Holdings (UWMC): Valuation Analysis as Legal Risks Remain After Partial Lawsuit Dismissal - simplywall.st

https://simplywall.st/stocks/us/diversified-financials/nyse-uwmc/uwm-holdings/news/uwm-holdings-uwmc-valuation-analysis-as-legal-risks-remain-a
UWM Holdings (UWMC) shares have been volatile following a partial dismissal of a class-action lawsuit, with legal risks still present. While a narrative suggests the stock is 11% undervalued with a fair value of $6.03 due to anticipated cost efficiencies and improved customer loyalty, an alternative view based on a high P/E ratio of 98.7x suggests the stock may be overvalued compared to industry averages. Investors face mixed signals, balancing potential upside from future growth against ongoing legal uncertainties and a high valuation multiple.

UWM Holdings (UWMC): Assessing Valuation After Record Loan Production and New AI-Powered Efficiency Boost

https://www.sahmcapital.com/news/content/uwm-holdings-uwmc-assessing-valuation-after-record-loan-production-and-new-ai-powered-efficiency-boost-2025-11-11
UWM Holdings (UWMC) recently announced record quarterly loan production and the successful integration of AI tools, improving efficiency. Despite a cautious market, analysts suggest the company is 17.5% undervalued, projecting a fair value of $6.59 due to increased productivity and potential for margin expansion through AI. However, a contrasting view using a DCF model suggests the shares might be overvalued at $1.74, highlighting differing perspectives on the pace of growth and efficiency gains.
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UWM Holdings (UWMC) Extends Losses Amid Class Action Lawsuit Uncertainties

https://finance.yahoo.com/news/uwm-holdings-uwmc-extends-losses-150210779.html
UWM Holdings (UWMC) continued its losing streak, dropping 6.35% as uncertainties surrounding an ongoing class action lawsuit persisted. While a US District Judge dismissed most allegations, some claims related to a federal law protecting consumers in mortgage loan transactions were allowed to proceed. UWM Holdings maintains confidence in prevailing on the remaining claims.

UWM Holdings’ SFS Holding Corp sells $7.6 million in shares

https://www.investing.com/news/insider-trading-news/uwm-holdings-sfs-holding-corp-sells-76-million-in-shares-93CH-4254296
SFS Holding Corp, a significant owner of UWM Holdings Corp (NYSE:UWMC), sold over 1.1 million shares of Class A Common Stock for more than $7.6 million on September 23 and 24, 2025. This transaction was executed at an average price of $6.42 per share. Following these sales, SFS Holding Corp. indirectly holds over 3.1 million shares, with CEO Mat Ishbia maintaining voting power and also directly owning additional shares and Restricted Stock Units.

UWM Holdings Surprises with Strong Q2 Earnings, Defies Forecasts

https://stockstotrade.com/news/uwmholdingscorporation-uwmc-news-2025_09_06/
UWM Holdings Corporation (UWMC) announced strong Q2 earnings, exceeding analyst expectations with an EPS of $0.16 and revenue of $758.7M. The company's success is attributed to strategic technological advancements like AI integrations and efficient cost management, driving a significant year-over-year net income rise. Despite some financial complexities and valuation concerns, UWMC exhibits a bullish weekly price pattern and a promising outlook according to financial analysis.

When (UWMC) Moves Investors should Listen

https://news.stocktradersdaily.com/news_release/15/When+(UWMC)+Moves+Investors+should+Listen_061825032802.html
This article from Stock Traders Daily highlights the importance of monitoring stock price action to understand a company's #behindthescenes movements, using UWM Holdings Corporation Class A (NASDAQ: UWMC) as an example. It provides trading plans, support/resistance charts, and fundamental analysis tools for UWMC. The article also promotes Stock Traders Daily's proprietary Predictive AI, "Evitar Corte," which has historically warned of market crash risks.

Gores Holdings agrees to settle stockholder class action lawsuit for $17.5 million

https://www.claimdepot.com/settlements/gores-holdings-iv-stockholder-settlement
Gores Holdings IV Inc. has agreed to a $17.5 million settlement in a class action lawsuit filed on behalf of its Class A common stockholders. The lawsuit alleged that directors and officers failed to provide complete information regarding redemption rights during the merger with UWM Holdings Corp. Eligible shareholders who held stock between September 22, 2020, and January 21, 2021, can claim a cash payment, with the deadline to file claims being August 13, 2025.
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UWM boosts unsecured debt offering to $800M

https://www.housingwire.com/articles/uwm-boosts-unsecured-debt-offering-to-800m/
UWM Holdings Corp. has increased its unsecured debt offering to $800 million, a 60% rise from its initial plan, with senior notes due in 2030 priced at 6.625%. The mortgage lender intends to use the proceeds to reduce mortgage servicing rights facilities and for general corporate purposes. Fitch Ratings assigned a 'BB-(EXP)' rating to the notes, expecting the issuance to refinance secured debt without significantly altering UWM's leverage profile.

UWM's Motion To Dismiss RICO Class Action Denied As Moot

https://nationalmortgageprofessional.com/news/uwms-motion-dismiss-rico-class-action-denied-moot
United Wholesale Mortgage (UWM)'s motion to dismiss a class action lawsuit alleging RICO Act and RESPA violations, among other claims, was denied as moot due to the plaintiffs' submission of an amended complaint. This means UWM must file a new motion to dismiss if it wishes to have the case thrown out. The lawsuit claims UWM holds independent brokers captive via its "All-In Initiative," leading to overcharging borrowers.

UWM Holdings Reported Net Income Of $76.3 Million During Q2 2024

https://nationalmortgageprofessional.com/news/uwm-holdings-reported-net-income-763-million-during-q2-2024
UWM Holdings Corporation announced a net income of $76.3 million for Q2 2024, a significant drop from Q1 2024 and Q2 2023. Despite this, the company saw an increase in total loan origination volume and purchase volume compared to Q1 2024. UWM's CEO, Mat Ishbia, expressed confidence in the company's position to capitalize on future market opportunities, especially with anticipated lower rates.

UWM'S SHELL GAME: HOW UNITED WHOLESALE MORTGAGE EXECUTIVES HELPED CREATE AN "INDEPENDENT" COMPANY THAT HAS SENT UWM AN ESTIMATED $1.9 BILLION IN LOANS

https://hntrbrk.com/umortgage/
A Hunterbrook Media investigation alleges that United Wholesale Mortgage (UWM) executives helped create UMortgage, an ostensibly independent company that has channeled an estimated $1.9 billion in loans to UWM. The report claims UMortgage manipulates rate sheets to favor UWM, and raises questions about potential violations of state and federal laws regarding affiliated business arrangements and loan steering. This comes amidst a national RICO conspiracy class action lawsuit against UWM, alleging a scheme to defraud homebuyers.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of UWM Holdings Corporation (UWMC) on Behalf of Investors

https://www.businesswire.com/news/home/20240412412195/en/Glancy-Prongay-Murray-LLP-a-Leading-Securities-Fraud-Law-Firm-Announces-Investigation-of-UWM-Holdings-Corporation-UWMC-on-Behalf-of-Investors
Glancy Prongay & Murray LLP has initiated an investigation into UWM Holdings Corporation (UWMC) for potential federal securities law violations. This comes after an April 2, 2024, Hunterbrook Media report alleged that UWM coerced brokers into sending almost all their business, leading to higher closing costs for borrowers. Following this news and a racketeering class action lawsuit, UWM's stock price dropped by 8.5%.
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Rocket Responds To Claims From UWM CEO Ishbia

https://nationalmortgageprofessional.com/news/rocket-responds-claims-uwm-ceo-ishbia
Rocket Mortgage has denied claims by UWM CEO Mat Ishbia that it was behind an "expose-style" piece by Hunterbrook Media and a class-action lawsuit filed against UWM. Rocket and Hunterbrook Media have both stated that Rocket had no involvement, with Hunterbrook's publisher directly challenging Ishbia on the report's facts. The allegations against UWM, which include steering homebuyers into costly mortgages, have also seen Hunterbrook Capital take a short position in UWM, while holding a long position in Rocket Companies.

Mortgage lender United Wholesale sued by consumers alleging billions in excess fees

https://www.reuters.com/legal/transactional/mortgage-lender-united-wholesale-sued-by-consumers-alleging-billions-excess-fees-2024-04-03/
United Wholesale Mortgage is facing a proposed consumer class action lawsuit alleging it schemed with brokers to steer home-buyers into expensive mortgages, resulting in billions of dollars in excess fees. The lawsuit, filed in federal court in Detroit, claims UWM engaged in a "steering enterprise" with "captive" brokers, violating federal racketeering laws. United Wholesale has called the lawsuit a "sham" and plans to defend against the allegations.

UWM sued over ‘corrupt’ scheme with brokers to steer loans

https://www.housingwire.com/articles/uwm-sued-over-corrupt-scheme-with-brokers-to-steer-loans/
United Wholesale Mortgage (UWM) faces a class-action-seeking lawsuit alleging a scheme with mortgage brokers to impose excessive fees on borrowers. The lawsuit claims UWM corrupts the wholesale mortgage channel through practices like the "All-In" initiative and a restrictive "Lock-In" policy, driving up costs for consumers. UWM denies the allegations, calling the lawsuit a "sham" and attributing it to a hedge fund attempting to manipulate the stock market.

Is UWM’s plan to shed the “meme stock” label?

https://www.housingwire.com/articles/is-uwms-plan-to-shed-the-meme-stock-label/
United Wholesale Mortgage (UWM) is reducing the Ishbia family's ownership stake to 90.6% by selling 50 million Class A common shares. This move aims to increase public float, attract long-term institutional investors, and shed the "meme stock" label, despite potential short-term stock price decline. The company also announced plans to borrow $500 million and continues its stock buyback program to maintain investor confidence and stability.

Pontiac's UWM reports $138.7M profit, narrows gap with Rocket Mortgage

https://www.detroitnews.com/story/business/2021/08/16/united-wholesale-mortgage-second-quarter-earnings/8145715002/
United Wholesale Mortgage (UWM) reported a second-quarter net income of $138.7 million, a 74% decrease year-over-year but still surpassing expectations with a record $59.2 billion in originations. Despite rising interest rates and increased competition, UWM aims to challenge Rocket Mortgage for the top spot by 2024, driven by technological improvements and potentially accepting cryptocurrency payments. The company also announced a quarterly dividend of 10 cents per share.
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PHOTOS: UWM Holdings Corporation Rings NYSE Bell alongside Mortgage Brokers in Celebration of National Mortgage Brokers Day

https://www.businesswire.com/news/home/20210721005967/en/PHOTOS-UWM-Holdings-Corporation-Rings-NYSE-Bell-alongside-Mortgage-Brokers-in-Celebration-of-National-Mortgage-Brokers-Day
UWM Holdings Corporation (NYSE:UWMC) celebrated National Mortgage Brokers Day by ringing the NYSE bell alongside mortgage brokers from across the country. The event served to highlight the impact independent mortgage brokers have on borrowers and to educate consumers on the benefits of using a mortgage broker. UWM, the largest wholesale mortgage and purchase originator, aims to empower mortgage brokers through superior service and proprietary technology.

Mortgage broker seeks class-action suit against UWM over Rocket feud

https://www.detroitnews.com/story/business/2021/04/27/mortgage-broker-pursues-class-action-lawsuit-united-wholesale-mortgage-rocket/4853364001/
A Florida mortgage broker has filed a class-action lawsuit against United Wholesale Mortgage (UWM) and CEO Mat Ishbia, alleging millions of dollars in damages resulting from UWM's ultimatum to brokers. The ultimatum prohibited brokers from working with rivals Rocket Companies Inc. and Fairway Independent Mortgage Corp. The lawsuit claims violations of antitrust law and deceptive trade practices, arguing UWM's actions harm consumers and competition by limiting lending options.

UWM Holdings Corporation Rings NYSE Opening Bell

https://www.businesswire.com/news/home/20210122005383/en/UWM-Holdings-Corporation-Rings-NYSE-Opening-Bell
UWM Holdings Corporation (UWM) celebrated its first day of trading on the NYSE under the ticker "UWMC" by ringing the opening bell. This event marks the closing of its business combination with Gores Holdings IV, Inc., bringing in approximately $895 million for UWM. The company, the largest wholesale and purchase mortgage lender in the U.S., aims to grow mortgage brokers and create long-term shareholder value.

UWM’s IPO is now scheduled for January

https://www.housingwire.com/articles/uwms-ipo-is-now-scheduled-for-january/
United Wholesale Mortgage's (UWM) initial public offering (IPO) is now set for January 22, 2021, through a merger with a special purpose acquisition company which could value the lender at $16.1 billion. The move will make the Ishbia family billionaires and a number of employees millionaires, with UWM having offered $35 million in employee-owned shares and pledged $25 million in bonuses. The company has seen record profits and loan volumes, but faces a class-action lawsuit regarding commission structure changes.

United Wholesale Mortgage to go public in deal that values it at $16 billion

https://www.crainsdetroit.com/finance/united-wholesale-mortgage-go-public-deal-values-it-16-billion
United Wholesale Mortgage (UWM) is set to go public through a merger with the "blank check" company Gores Holding IV, in a deal that values UWM at over $16 billion. This valuation makes it the largest SPAC deal to date, and the combined company will trade on NASDAQ under the symbol UWMC. UWM's current owners will retain 94% ownership, and the CEO expressed that going public will advance their strategy and offer team members equity.
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