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UWM Holdings Corporation Announces Pricing of Upsized Offering of $800 Million of 6.625% Senior Notes Due 2030
UWM Holdings Corporation (NYSEUWMC) (“UWMC”) announced today that its direct subsidiary, UWM Holdings, LLC (“UWM Holdings”), priced its offering of $800 million aggregate principal amount of 6.625% senior notes due 2030 (the “Notes”). The aggregate principal amount of the offering was increased from the previously announced offering size of $500 million. The Notes will be guaranteed on a senior unsecured basis by UWM Holdings’ wholly-owned subsidiary, United Wholesale Mortgage, LLC (“United Wholesale Mortgage”), and will rank pari passu in right of payment with United Wholesale Mortgage’s existing senior unsecured notes by virtue of such guarantee. UWM Holdings expects the closing of the Notes to occur on December 10, 2024, subject to customary closing conditions. The Notes will have an interest rate of 6.625% and will be issued at a price of 100% of their face value.
By UWM Holdings Corporation · Via Business Wire · December 5, 2024
UWM Holdings Corporation Announces Offering of Senior Notes Due 2030
UWM Holdings Corporation (NYSEUWMC) (“UWMC”) announced today that its direct subsidiary, UWM Holdings, LLC (“UWM Holdings”), has commenced a private offering of $500 million aggregate principal amount of senior notes due 2030 (the “Notes”). The Notes will be guaranteed on a senior unsecured basis by UWM Holdings’ wholly-owned subsidiary, United Wholesale Mortgage, LLC (“United Wholesale Mortgage”), and will rank pari passu in right of payment with United Wholesale Mortgage’s existing senior unsecured notes by virtue of such guarantee.
By UWM Holdings Corporation · Via Business Wire · December 5, 2024
UWM Holdings Corporation Announces Third Quarter 2024 Results
UWM Holdings Corporation (NYSEUWMC) (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.
By UWM Holdings Corporation · Via Business Wire · November 7, 2024
UWM Holdings Corporation Announces 3Q 2024 Earnings Conference Call
UWM Holdings Corporation (NYSEUWMC), 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.
By UWM Holdings Corporation · Via Business Wire · October 31, 2024
UWM Holdings Corporation Announces Second Quarter 2024 Results
UWM Holdings Corporation (NYSEUWMC) (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.
By UWM Holdings Corporation · Via Business Wire · August 6, 2024
UWM Holdings Corporation Announces 2Q 2024 Earnings Conference Call
UWM Holdings Corporation (NYSEUWMC), 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.
By UWM Holdings Corporation · Via Business Wire · July 23, 2024
UWM Holdings Corporation Announces First Quarter 2024 Results
UWM Holdings Corporation (NYSEUWMC) (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.
By UWM Holdings Corporation · Via Business Wire · May 9, 2024
UWM Holdings Corporation Announces Q1 2024 Earnings Conference Call
UWM Holdings Corporation (NYSEUWMC), 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.
By UWM Holdings Corporation · Via Business Wire · April 30, 2024
UWM Holdings Corporation Announces Fourth Quarter & Full Year 2023 Results
UWM Holdings Corporation (NYSEUWMC) (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 $0.29. The Company reported full year 2023 loss of $69.8 million, inclusive of a $854.1 million decline in fair value of MSRs, and diluted loss per share of $0.14.
By UWM Holdings Corporation · Via Business Wire · February 28, 2024
UWM Holdings Corporation Announces Q4 2023 and Full Year 2023 Earnings Conference Call
UWM Holdings Corporation (NYSEUWMC), 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.
By UWM Holdings Corporation · Via Business Wire · February 14, 2024
UWM Holdings Corporation Announces Third Quarter 2023 Results
UWM Holdings Corporation (NYSEUWMC) (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.
By UWM Holdings Corporation · Via Business Wire · November 8, 2023
UWM Holdings Corporation Announces Q3 2023 Earnings Conference Call
UWM Holdings Corporation (NYSEUWMC), 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.
By UWM Holdings Corporation · Via Business Wire · October 25, 2023
UWM Holdings Corporation Announces Second Quarter 2023 Results
UWM Holdings Corporation (NYSEUWMC) (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 $0.08.
By UWM Holdings Corporation · Via Business Wire · August 9, 2023
UWM Holdings Corporation Announces Q2 2023 Earnings Conference Call
UWM Holdings Corporation (NYSEUWMC), 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.
By UWM Holdings Corporation · Via Business Wire · July 26, 2023
UWM Holdings Corporation Announces First Quarter 2023 Results
UWM Holdings Corporation (NYSEUWMC) (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.
By UWM Holdings Corporation · Via Business Wire · May 10, 2023
UWM Holdings Corporation Announces Q1 2023 Earnings Conference Call
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 overall mortgage lender, and the top wholesale and purchase mortgage lender in the U.S., will announce its first quarter 2023 financial results on Wednesday, May 10, 2023.
By UWM Holdings Corporation · Via Business Wire · April 26, 2023
UWM Holdings Corporation Announces Fourth Quarter & Full Year 2022 Results
UWM Holdings Corporation (NYSEUWMC) (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, 2022. For the second consecutive quarter, UWM is the number one overall mortgage lender in the U.S. Total loan origination volume for the fourth quarter was $25.1 billion, of which $21.7 billion was purchase volume. The Company's net income for 2022 was $931.9 million and diluted earnings per share was $0.45. For 4Q22, the Company reported a net loss of $62.5 million, inclusive of a $150.8 million decline in fair value of MSRs, and diluted loss per share of $(0.03).
By UWM Holdings Corporation · Via Business Wire · March 1, 2023
UWM Holdings Corporation Announces Q4 2022 and Full Year 2022 Earnings Conference Call
UWM Holdings Corporation (NYSEUWMC), 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 fourth quarter 2022 and full year 2022 financial results on Wednesday, March 1, 2023.
By UWM Holdings Corporation · Via Business Wire · February 15, 2023
UWM Appoints Andrew Hubacker Chief Financial Officer
United Wholesale Mortgage (UWM), the #1 overall lender in America, has named Andrew Hubacker its new Chief Financial Officer.
By UWM Holdings Corporation · Via Business Wire · February 6, 2023
UWM Holdings Corporation Announces Third Quarter 2022 Results
UWM Holdings Corporation (NYSEUWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), today announced its results for the third quarter ended September 30, 2022. UWM, historically the #1 wholesale and #1 purchase mortgage originator in America, overtook Rocket Mortgage to become the #1 overall mortgage originator in the third quarter. The Company reported 3Q22 net income of $325.6 million and diluted earnings per share of $0.13. Total loan origination volume for the quarter was $33.5 billion, which included $27.7 billion in purchase volume. Net income for the third quarter was inclusive of a $236.8 million increase in fair value of MSRs.
By UWM Holdings Corporation · Via Business Wire · November 4, 2022
UWM Holdings Corporation Announces Q3 2022 Earnings Conference Call
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 wholesale and purchase mortgage lender in the U.S., will announce its third quarter 2022 financial results on Friday, November 4, 2022.
By UWM Holdings Corporation · Via Business Wire · October 28, 2022
UWM Holdings Corporation Announces Second Quarter 2022 Results
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), the #1 wholesale and #1 purchase mortgage originator in America, today announced its results for the second quarter ended June 30, 2022. The Company reported 2Q22 net income of $215.4 million and diluted earnings per share of $0.09. Loan origination volume for the quarter was $29.9 billion, which included $22.4 billion in purchase volume. Net income for the second quarter was inclusive of a $26.2 million increase in fair value of MSRs.
By UWM Holdings Corporation · Via Business Wire · August 9, 2022
UWM Holdings Corporation Announces 2022 Q2 Earnings Conference Call
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 wholesale and purchase mortgage lender in the U.S., will announce its second quarter 2022 financial results on Tuesday, August 9, 2022.
By UWM Holdings Corporation · Via Business Wire · July 26, 2022
UWM Holdings Corporation Announces First Quarter 2022 Results
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), the #1 wholesale mortgage lender in America, today announced its results for the first quarter ended March 31, 2022. The Company reported 1Q22 net income of $453.3 million and diluted earnings per share of $0.22. Loan origination volume for the quarter was $38.8 billion, which included $19.1 billion in purchase volume, a Q1 record for UWM. Net income for the first quarter was inclusive of a $172.0 million increase in fair value of MSRs.
By UWM Holdings Corporation · Via Business Wire · May 10, 2022
UWM Holdings Corporation Announces 2022 Q1 Earnings Conference Call
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 wholesale and purchase mortgage lender in the U.S., will announce its first quarter 2022 financial results on Tuesday, May 10, 2022.
By UWM Holdings Corporation · Via Business Wire · April 26, 2022
UWM Holdings Corporation Announces 2021 Q4 and Full Year 2021 Earnings Conference Call
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 wholesale and purchase mortgage lender in the U.S., will announce its fourth quarter and full year 2021 financial results on Tuesday, March 1, 2022.
By UWM Holdings Corporation · Via Business Wire · February 14, 2022
Blake Kolo Named UWM’s New Head of Investor Relations
UWM Holding Corporation (NYSEUWMC) today announced Blake Kolo (CPA, CVA, CFE, CFF) has been named Head of Investor Relations in addition to his current position as Chief Business Officer at UWM.
By UWM Holdings Corporation · Via Business Wire · January 21, 2022
UWM Holdings Corporation Announces Intent to Accelerate Buyback in Public Market in Lieu of Previously Announced Secondary Offering and Concurrent Stock Repurchase
UWM Holdings Corporation (NYSEUWMC) (the “Company”) announced today that SFS Holding Corp, (“SFS”), its principal shareholder, has terminated the previously announced secondary offering of Class A Common Stock and concurrent stock repurchase effective immediately (the “Offering”). The Offering was intended to increase UWMC’s public float by approximately 50%, thereby making it a more liquid, tradable stock for larger indexes and institutional investors, while at the same time utilizing the Company’s buyback authorization to reduce the number of fully diluted shares outstanding. However, the market’s reaction to the Offering resulted in a share price level at which SFS is not willing to sell. With the termination of the Offering, no shares of common stock will be sold by SFS at this time. Instead, the Company intends to accelerate its previously announced buyback program and defer its plans to increase public float to a later date.
By UWM Holdings Corporation · Via Business Wire · November 18, 2021
UWM Announces Launch of Secondary Offering and Concurrent Stock Repurchase
UWM Holdings Corporation (NYSEUWMC) (the “Company”) today announced that SFS Holding Corp., (“SFS”) its controlling shareholder, intends to offer for sale in an underwritten secondary offering 50,000,000 shares of the Company’s Class A common stock (the “Class A Common Stock”), pursuant to a registration statement filed by UWM Holdings with the U.S. Securities and Exchange Commission (the “SEC”). No shares are being sold by UWM. SFS will receive all of the proceeds from this offering.
By UWM Holdings Corporation · Via Business Wire · November 16, 2021
UWM Holdings Corporation Announces Pricing of $500 Million of 5.750% Senior Notes Due 2027
UWM Holdings Corporation (NYSEUWMC) (“UWMC”) announced today that its indirect subsidiary, United Wholesale Mortgage, LLC (“UWM”), priced its offering of $500 million aggregate principal amount of 5.750% senior notes due 2027 (the “Notes”). UWM expects the closing of the Notes to occur on November 22, 2021, subject to customary closing conditions. The Notes will have an interest rate of 5.750% and will be issued at a price of 100% of their face value.
By UWM Holdings Corporation · Via Business Wire · November 15, 2021
UWM Holdings Corporation Announces Offering of Senior Notes Due 2027
UWM Holdings Corporation (NYSEUWMC)(“UWMC”) announced today that its indirect subsidiary, United Wholesale Mortgage, LLC (“UWM”), has commenced a private offering of $500 million aggregate principal amount of senior notes due 2027 (the “Notes”).
By UWM Holdings Corporation · Via Business Wire · November 15, 2021
UWM Holdings Corporation Announces Third Quarter 2021 Results
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), the #1 wholesale mortgage lender in America, today announced its results for the third quarter ended September 30, 2021. UWMC reported 3Q21 net income of $329.9 million and diluted earnings per share of $0.16. Loan origination volume for the quarter was a record of $63.0 billion, which included $26.5 billion in purchase volume. Net income for the third quarter was inclusive of a $170.5 million decline in fair value of mortgage servicing rights (MSRs).
By UWM Holdings Corporation · Via Business Wire · November 9, 2021
CORRECTING and REPLACING UWM Holdings Corporation Amends Start Time of 2021 Q3 Earnings Conference Call
In an update to the release dated October 29, 2021, the start time of the third quarter 2021 earnings conference call is Tuesday, November 9, 2021 at 9:00 AM ET (rather than 8:30 AM ET as was originally scheduled).
By UWM Holdings Corporation · Via Business Wire · November 2, 2021
UWM Holdings Corporation Announces 2021 Q3 Earnings Conference Call Details
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 wholesale and purchase mortgage lender in the U.S., will announce its third quarter 2021 financial results before market opens on Tuesday, November 9, 2021.
By UWM Holdings Corporation · Via Business Wire · October 29, 2021
UWM Holdings Corporation Announces Second Quarter 2021 Results
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), the #1 wholesale mortgage lender in America, today announced its results for the second quarter ended June 30, 2021. UWMC reported 2Q21 net income of $138.7 million on $59.2 billion in total originations. The record loan origination volume for the quarter also included a quarterly record of $24.1 billion in purchase volume and net income for the second quarter was inclusive of a $219.1 million decline in fair value of mortgage servicing rights (MSRs).
By UWM Holdings Corporation · Via Business Wire · August 16, 2021
UWM Holdings Corporation Announces 2021 Q2 Earnings Conference Call Details
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 wholesale and purchase mortgage lender in the U.S., will announce its second quarter 2021 financial results before market opens on Monday, August 16, 2021.
By UWM Holdings Corporation · Via Business Wire · August 6, 2021
PHOTOS: UWM Holdings Corporation Rings NYSE Bell alongside Mortgage Brokers in Celebration of National Mortgage Brokers Day
UWM Holdings Corporation (NYSEUWMC), the parent of United Wholesale Mortgage (UWM), the #1 wholesale and purchase mortgage lender in the U.S., today rang the bell alongside mortgage brokers from across the country at the New York Stock Exchange commemorating National Mortgage Brokers Day.
By UWM Holdings Corporation · Via Business Wire · July 21, 2021
UWM Holdings Corporation to Celebrate Mortgage Brokers at New York Stock Exchange
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 wholesale and purchase mortgage lender in the America, today announced it will bring 75 independent mortgage brokers to the New York Stock Exchange and ring the closing bell on July 21, 2021 in celebration of National Mortgage Brokers Day.
By UWM Holdings Corporation · Via Business Wire · July 7, 2021
UWM Holdings Corporation Announces Contest to Bring Mortgage Brokers to Ring the Bell at New York Stock Exchange
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 wholesale and purchase mortgage lender in America, today announced it launched a contest to bring independent mortgage brokers to ring the bell at the New York Stock Exchange alongside UWM president and CEO, Mat Ishbia in celebration of National Mortgage Brokers Day.
By UWM Holdings Corporation · Via Business Wire · June 8, 2021
UWM Holdings Corporation Announces First Quarter 2021 Results
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), the #1 wholesale mortgage lender in America, today announced the results for the first quarter ended March 31, 2021. UWMC reported 1Q21 net income of $860 million, a 42x increase over 1Q20 net income of $20.3 million. Additionally, the Board of Directors of UWMC declared a quarterly dividend of $0.10 per share on the outstanding shares of Class A Common Stock. The dividend is payable on July 6, 2021 to stockholders of record at the close of business on June 10, 2021. The Board of Directors also authorized a share repurchase program of up to $300 million over the next 24 months, beginning on May 11, 2021.
By UWM Holdings Corporation · Via Business Wire · May 10, 2021
UWM Holdings Corporation Announces 2021 Q1 Earnings Conference Call Details
UWM Holdings Corporation (NYSEUWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 wholesale and purchase mortgage lender in the U.S., will announce its first quarter 2021 financial results after market close on Monday, May 10, 2021.
By UWM Holdings Corporation · Via Business Wire · April 26, 2021