UWM Holdings Corp. Q2 net income declined to $76.3M from Q1 2024 and Q2 2023, while loan origination volume increased to $33.6B.

UWM Holdings Corp., parent of United Wholesale Mortgage, reported a Q2 net income of $76.3M, down from $180.5M in Q1 2024 and $228.8M in Q2 2023. Loan origination volume reached $33.6B in Q2, up from $27.6B in Q1 and $31.8B in Q2 2023. CEO Mat Ishbia states the company is prepared to capitalize on dropping rates and expects 3Q production between $31B-$38B with a gain margin of 85-110 basis points.

August 06, 2024
3 Articles