UWM CEO Mat Ishbia highlights “operational profitability” as a $337 million write-down in fair value of mortgage servicing rights drives a $138.6 million first-quarter loss.
Source: Inman News
United Wholesale Mortgage shares tumble as originations fade
Published in earnings, Industry News, Mat Ishbia, Mortgage, Rocket Mortgage, Select and uwm
More from earningsMore posts in earnings »
- Offerpad home sales, acquisitions hit new low in Q3 2025
- RE/MAX stays profitable as US agent count, revenue decline
- Tech, scale and strategy fuel Q1 wins across real estate
- Blend seeks to sell Title365 as mortgage revenue shrinks in Q1
- Rocket says it could close Redfin acquisition as soon as this quarter
More from Industry NewsMore posts in Industry News »
- Will Anywhere merger launch M&A arms race? It’s not yet clear: Intel
- Zillow defends private listing rule, criticizes Compass in new filing
- NAR’s Kevin Sears: We need to ‘show everybody that we as Realtors are pro-consumer’
- Despite unease, Compass poised to retain most Anywhere agents
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
More from Mat IshbiaMore posts in Mat Ishbia »
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
- Mr. Cooper shareholders approve merger with Rocket Companies
- Mortgage lenders are turning to AI to play in the big leagues
- Defying conventional wisdom, UWM grows mortgage refis
More from MortgageMore posts in Mortgage »
- 8 reasons you should never recommend a 50-year mortgage
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Stop freaking out about 50-year mortgages. They might save the housing market
More from Rocket MortgageMore posts in Rocket Mortgage »
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- Why 88% of agent conversations never make it to the CRM
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Fixer-upper or money pit? Key risks buyers face with aging homes
- AI key to growing Rocket, Redfin and Mr. Cooper under one roof
More from SelectMore posts in Select »
More from uwmMore posts in uwm »
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- AI helps UWM seize the day, make the most loans in 4 years in Q3
- Rocket Mortgage rolls out bullish $822,550 conforming loan limit
- Lenders getting a jump on higher 2026 conforming loan limits
- Trump signs bill curtailing sale of mortgage trigger leads in 180 days
Be First to Comment