UWM Holdings Corporation Announces Third Quarter 2024 Results
UWM Holdings Corporation Class A (UWMC)
Company Research
Source: Business Wire
Third Quarter Net Income of $31.9 Million. Loan Origination Volume of $39.5 Billion, Including Purchase Volume of $26.2 Billion. PONTIAC, Mich.--(BUSINESS WIRE)--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 am incredibly proud of our performance and two things jump out at me – first, we exceeded both our volume and margin guidance despite mortgage rates remaining higher than anticipated for most of the quarter. But a dip in rates for just a few weeks pushed us higher t
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UWMC
News
- UWM Holdings Co. (NYSE: UWMC) had its price target lowered by analysts at Morgan Stanley from $7.50 to $6.50. They now have an "equal weight" rating on the stock.MarketBeat
- UWM Holdings Co. (NYSE: UWMC) had its price target lowered by analysts at Keefe, Bruyette & Woods from $9.00 to $7.00. They now have a "market perform" rating on the stock.MarketBeat
- UWM Holdings Corporation Announces Pricing of Upsized Offering of $800 Million of 6.625% Senior Notes Due 2030Business Wire
- UWM Holdings Corporation Announces Offering of Senior Notes Due 2030Business Wire
- UWM Holdings Co. (NYSE: UWMC) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $8.50 to $7.50. They now have a "neutral" rating on the stock.MarketBeat
UWMC
Earnings
- 11/7/24 - Miss
UWMC
Sec Filings
- 12/20/24 - Form SCHEDULE
- 12/16/24 - Form 8-K
- 12/6/24 - Form 8-K
- UWMC's page on the SEC website