In Q2 earnings, the nation’s largest mortgage lender posted a healthy $76 million profit, paid down debt, and said it’s in prime position to capitalize and grow as mortgage rates drop.
Source: Inman News
UWM shares at 3-year high on prospect of refi ‘mini boom’
Published in Andrew Hubacker, Banking & Lending, loan servicing, Markets & Economy, Mat Ishbia, Mortgage, q2 2024 earnings, Rocket Mortgage, Select, United Wholesale Mortgage and uwm
More from Andrew HubackerMore posts in Andrew Hubacker »
More from Banking & LendingMore posts in Banking & Lending »
- Mortgage banks notch profit on loans for first time in 8 quarters
- ‘Fix-and-flip’ loans are going mainstream with investors
- Perchwell’s $25M Series B revs up idling VC market
- Credit reports should be non-negotiable in divorce proceedings
- The analyst who predicted a 30% fall in commissions has more to say
More from loan servicingMore posts in loan servicing »
- Data points to another mortgage boom if rates continue to tumble
- Ocwen agrees to settle decade-long suit over BPO, valuation fees
- UWM raises more than $1B by tweaking mortgage servicing
- Mr. Cooper now collects payments on $1T in mortgages amid big Q4
- Mr. Cooper: Hackers got personal info on past and present customers
More from Markets & EconomyMore posts in Markets & Economy »
- Weak jobs report drags down stock indexes — and mortgage rates
- Maryland- and Canada-based real estate teams join eXp Realty
- Navigating economic turbulence to elevate your real estate career
- Is good news finally on the horizon for the real estate industry?
- Second-home buyer’s remorse: 6 tips for prevention
More from Mat IshbiaMore posts in Mat Ishbia »
- UWM’s 0-down loans a hit with buyers, worry consumer advocates
- UWM’s controversial mortgage site now an official NBA partner
- UWM hiring ‘hundreds’ as mortgage originations surge 24%
- Billionaires brawl as everyone else just tries to get by: The Download
- United Wholesale Mortgage defends its business practices
More from MortgageMore posts in Mortgage »
- Weak jobs report drags down stock indexes — and mortgage rates
- City National revamps mortgage after redlining settlement
- As Americans struggle with rates, inventory, Japan sees the opposite
- Mortgage rates are tumbling again as job openings hit 18-month low
- Data points to another mortgage boom if rates continue to tumble
More from q2 2024 earningsMore posts in q2 2024 earnings »
More from Rocket MortgageMore posts in Rocket Mortgage »
- Dan Sogorka tapped to grow Rocket’s wholesale channel
- Rocket funding 2-year rate buydowns for low-income buyers
- Rocket says AI helping it grow capacity and keep expenses flat
- HUD: Appraisal that erased $220K in home value was discriminatory
- Freddie Mac will dip a $2.5B toe into the second mortgage market
More from SelectMore posts in Select »
- NAR vows to take its DOJ beef all the way to the top: The Download
- Weak jobs report drags down stock indexes — and mortgage rates
- Maryland- and Canada-based real estate teams join eXp Realty
- Navigating economic turbulence to elevate your real estate career
- Properly position homebuyers with this winning 5-part offer strategy
More from United Wholesale MortgageMore posts in United Wholesale Mortgage »
More from uwmMore posts in uwm »
Be First to Comment