The Latest Breaking News from UWMC

Mortgage rates are at their highest point since the Great Recession as housing affordability continues to decline, according to Freddie Mac (OTCMKTS: FMCC) data.

According to Benzinga Pro, during Q1, UWM Holdings (NYSE:UWMC) earned $453.29 million, a 89.01% increase from the preceding quarter. UWM Holdings also posted a total of $821.79 million in sales, a 35.73% increase since Q4.

Due to concerns about a potentially impending recession, aggressive federal interest rate increases, and geopolitical tensions, the benchmark equity indexes have declined this year. And Wall Street analysts expect the stocks of fundamentally weak companies Progressive Corp. (PGR), Dutch Bros (BROS), and UWM Holdings Corp. (UWMC) to decline further in…

Over the past 3 months, 5 analysts have published their opinion on UWM Hldgs (NYSE:UWMC) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.