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EXPLAINED: Uwm | Rare Historical Photos

The CEO of United Wholesale Mortgage prioritizes "doing the right thing," and profit follows

"We do things for people and dominance and winning. And you know what happens? Money usually follows. Profit always follows those things," Ishbia told Fortune.

Fortune

3 Ways to Invest in Small-Cap Stocks Now

With small-cap stocks surging in response to Donald Trump's re-election and the Federal Reserve's rate cut, investors can tap into this momentum through three distinct ETFs: VBK, DWAS, and UWM, each offering a unique approach to capturing the growth potential of small-cap stocks.

Barchart

Zero percent down mortgages might help more first-time homebuyers break into the housing market—but there are caveats

United Wholesale Mortgage announced a 0% down program last month, and since then it’s been all the rage, but people are split: Does it eliminate a barrier or will it launch us into another subprime mortgage crisis?

Fortune

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Zero-down mortgages are back sparking fears of being the new subprime loans which caused the 2008 market crash

Professor Jonathan Adams said the zero-down loan program has “all the features that made subprime bad.”

The Independent UK

Report depicts UWM's culture as hostile; lender disputes portrayal

DETROIT — A story published Wednesday by Bloomberg depicts United Wholesale Mortgage Holdings Corp.'s workplace culture as hostile, with allegations of sexual harassment, drug use and racial disparities.

Tribune News Service

John Niyo: Mat Ishbia living out hoop 'dream' as new NBA owner

PONTIAC, Mich. — As the older sibling, part of Justin Ishbia’s job wasn’t just to look out for his younger brother, Mat, growing up in suburban Detroit. It was also to put him in his place, even as he showed him the way.

Tribune News Service

3 Things to know about Mat Ishbia, who is reportedly buying the Phoenix Suns for $4 billion

The former Michigan State walk-on is about to become an NBA chairman

USA Today Sports Media Group

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How Clover Mortgage Is Helping Metro Detroiters Save On Homeownership As Rates Begin To Climb

Through the pandemic, Americans went on a homebuying spree. Amidst trends accelerated by work-from-home and pandemic isolation, families, some of which were first-time home buyers, drew on an already limited supply.

Benzinga

United Wholesale Mortgage shares jump on record purchase volume as profit drops 47%

United Wholesale Mortgage Holdings Corp. on Tuesday said net income dropped 47% year-over-year in the first three months of 2022 as interest rates increased and housing inventory remains constrained.

Tribune News Service

The Crisis In Housing, Part 4: Waiting For A Crypto Future

Compared to other sectors of the wider economy, the housing and mortgage industries have traditionally been slower to embrace cutting-edge technologies and digital solutions. A myriad of reasons explain this pokey response to evolving change, ranging from the sector’s conservative risk tolerance to a lack of standardization in many evolving technologies.

Benzinga

United Wholesale Mortgage 2021 profits down more than 50% despite loan origination growth

United Wholesale Mortgage Holdings Corp. — the publicly traded parent of wholesale lender UWM — on Tuesday reported a profit of $1.6 billion for 2021, down more than 53% from 2020's roughly $3.4 billion.

Tribune News Service

3 High Yield Stocks Under $15 That Wall Street Predicts Will Rally By 60% or More

Amid currently volatile market conditions due to inflation concerns and anticipated interest rate hikes, we think it could be wise to bet on high-dividend-yielding stocks UWM (UWMC), Global Net (GNL), and loanDepot (LDI) to ensure a steady portfolio income stream. Wall Street analysts expect these below-$15 stocks to deliver solid…

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