UWM

thai_sticky

I been bagholding UWM for years, just broke even today

zxc123zxc123

As always: 1. Whatever I buy drops. 2. Whatever I sell goes nuclear. * Held T. Did nothing. Still holding. * Held PSKY. Does nothing. Still holding. * Sold UPRO Q1'26. It goes nuclear. * Sold BRZU Q1'26. It goes nuclear. * Sold UWM this fall. Went nuclear literally days after I sold. Not investment advice.

zxc123zxc123

Vol decay, catastrophic loss the 1st time there is a bear market/recession that isn't like a month long, excessive leverage, and UPRO's prospectus LITERALLY saying it's not for long term holding due to vol decay and ONLY guaranteeing performance match on any timeline longer than a day. Not judging though. I also 2x and 3x leverage etfs so I belong here. I'm just saying most retards here don't know the risks nor care. My pussy ass bought UPRO on the 2022/2023 dips but sold out early 2024. Exited by BRZU Q1'25 before the massive run up. And still have my 2x SSO, 3x TNA, 2x UWM, and a few others.

zxc123zxc123

Nice. Highly regarded. *Nods in approval as a fellow UPRO degen* I sold out of my UPRO like a bitch in 2024. Luckily I just shifted to VOO/SSO while riding my UWM/TNA. Been selling UPRO puts but they never exercise. Do you plan on ever deleveraging?

RiceInternational547

This is to answer both of you and all other questions as well but over a year ago I started to obsessively research stocks. Income statements, Balance sheets, news and everything. I wanted to pick a stock I had conviction on and would ride the lows and DCF even if it took 1-2 years. I landed on 3 stocks that gave me the most conviction. Reddit, sofi and hood. Once I realized I was right about all three I said ima pick some more for the next year and do the same thing. Since then I’ve picked ONDS , UNH , draftkings, UWM , IREN , NXXT and a few others for smaller gains as I decided to diversify some with the larger positions.

Sick0h

Largest mortgage company UWM - flat 2nd largest mortgage company RKT - down Open door with concepts of an idea - flying upwards

Realistic-Author-479

You’re actually wrong about a lot of this. I’m a broker that uses UWM often. UWM does spend a lot of marketing dollars on ads. They also spend a crap load of money flying loan officers to their HQ from all over the country, covering flights, hotels, and a few square meals (very nice meals though buffet style since no restaurant can house hundreds of us every single day - yes, this is every single day) UWM also announced a new partnership for servicing too. They plan to retain and build a servicing book with a servicing partner. Lastly: they’re ticking a lot of loan officers off these days because they’re making us jump through a lot of hoops in order to get access to their best products and pricing. Many of us starting 3 days ago can no longer use their 1% down product nor their Freddie Mac borrowsmart (best priced product in the game if you have under 80 AMI) I agree they’re underpriced, but your thesis has incorrect information.

BlueChipRally

I don't know when it's going to happen, but this stock will blow up at some point. Massive dividend from a very stable company showing huge growth over the past 10 years....once Wall St. is done being butt hurt about the SPAC, this should see at least $20. It's a shame that there isn't the same retail fervor as there was for GME or AMC, heavily shorted companies that were fundamentally broken, whereas UWM is financially strong. Oh well, I've already covered more than half my buy in with dividends alone....as long as she survives 2 more years, anything else is guaranteed profit.

Realistic-Policy-128

He knows they'll never compete with RKT or UWM.

vbpatel

Prolly things like RKT, UWM. Maybe Lennar or the other builders

InverseTheReverse

Not totally. It’s a new way of originating loans. Their origination volume compared to UWM and Rocket Mortgage at the time they were around the size of LDI indicates that LDI has a lot of upside. If you understand the history of UWM and what’s going on with privatization of Fannie / Freddie combined with the idea that Trump is going to put a puppet in the fed to drop rates……it lends a tremendous amount of upside to LDI.

Melon-Usk-Taco

UWM

civil_politics

I’ve got a bunch of LEAPS in SOFI, HOOD, NU, and UWM but nothing else as degen as this. Also losing my ass on CVNA and TSLA puts

Go-Woodpecker3908

UWM 7.91% dividends

United_Recover7190

$BFRG CEO interview just came out. [https://www.youtube.com/watch?v=7QLywy36UWM&t=260s](https://www.youtube.com/watch?v=7QLywy36UWM&t=260s) Pretty long at 28 minutes, but good info.

zxc123zxc123

>30dte IWM puts Scrub move. You should be buying UWM and TNA puts. Because Trump is more high-vol than either bullish or bearish. Volatility decay will eat away at those. Also IWM is around $200 making options less accessible than say UWM/TNA.

Dchella

UWM fucked me so bad during the GHIV days.

SPAC_Time

Hostess Brands ( TWNK ) was very successful. TWNK was acquired by J.M. Smucker Co. for about $5.6 Billion Verra Mobility Corp was a Gores SPAC, currently around $25. United Wholesale Mortgage ( UWM ) has underperformed, but it does pay a 9% dividend, and if/when mortgage rates drop, could do very well.

Cabrim

Surprised there's hype. Have they had any successful mergers? I think most dropped like rocks, because of boring or ridiculous valuations. Got an email from Schwab not long ago, because I apparently had UWM shares at some point. Haha.

Comfortable_Flow_342

Regardless, even without the AI, the amount of additional leads that they purchased by buying Mr. Cooper in itself is huge. That scale can’t be discounted and the markets not really giving them credit for how much the Mr. Cooper deal is going to add to their bottom line. Mr. Cooper only has a recapturing about 50%. Rockets at 85% recapture. As soon as we get rates cut that’s gonna be a massive amount of EPS. It’s gonna come into this company that none of these companies have seen. The mortgage markets itself is hugely fragment fragmented the largest players all control 10% of this market at best. It’s been long overdue for a consolidation to happen this market. I think it’s going to be rocket mortgage in UWM that will ultimately end up being the major players in the mortgage market.

hockeyboydude24

I hold LDI. My simple thesis which I apply to holding other companies such as rocket, UWM, and other public IMB (independent mortgage banks) is that if rates go down, volume goes up, revenues increase, profit margins spike, all mortgage companies will be pumped by the surge.

Comfortable_Flow_342

I would but down have the karma, but here it is here. I used to work at RKT I know this company inside and out. So long story short is this, and you can check all of this via chat GBT, but now they they closed on the Redfin deal and soon this Mr cooper deal it changed the share structure of the company. This change will allow them to qualify of the S&P 500. See PLTR for what happens once they get into yhe S&P. RKT is a shoe in for S&P as well because it would be on of only a hand full of real estate companies in the S&P so for diversity sake it gives them a little more weight, they still have to meet the profitability requirements, however that will happen once rates come down. The coop deal is going to give them a litteral ass ton of mortgage sales leads. 1 in every 6 mortgages will be serviced by rocket, they have an insane client recapture rate. While Rocket Companies doesn’t report a precise recapture rate in every earnings release, past investor presentations and reports have indicated recapture rates around 75-80% for retained clients in servicing, especially through their Rocket Mortgage platform. This is considered strong compared to industry norms. To give you a comparison industry average is 35% for your basic chop shop broker. The best part is they bought Mr cooper who was the main servicing buyer for their rival company UWM. They are about to eat their lunch once rates come down. Which brings you to today, Wall Street has shorted the ever loving crap out to RKT because they are still on the opposite side of rates and the Fed. I also thing these short are pulling some kinda of arbitrage with the merger and the coop shares. They have over half of the float short, but that’s what they are reporting, you know how this bs goes they say 50% but I suspect they have their dicks in the bees nest eating the honey and don’t realize trump could know the nest down with one tweet firing Jay Powell

kiwimancy

I think that link does a better job of explaining it than the more common idea that you shouldn't hold leveraged ETFs long term. The volatility of the underlying makes a significant difference, especially when you multiply it with leverage. This is a good example. Since the inception of UWM, IWM (unleveraged Russell 2000) is up 281% cumulative and UWM (2x) has beaten it in absolute return with 353%. Yet URTY (3x) has not, with 168%. That's because the volatility drag scales faster than the additional (arithmetic) return from leverage.

arcanition

OP is actually rich via the boring -- but aggressive -- way. The boring? Maximize full-time income (typically via tech/sales, at least $100k-150k USD/year); max contributions to 401k, IRA, HSA, and then funnel as much extra money as possible into a taxable brokerage, like OP is showing here. Obviously, making $100k/year makes this easy, but making $200k, 300k/year or more makes this a piece of cake. As for what to invest in... just plop it all into one easy low-expense fund, just gotta choose that fund: The aggressive? Well, which fund is OP in? We know it's performance was -12.79% on April 3rd. Looking up some low-expense funds, I don't think it's any of the *typical* index funds as the worst performing today was the IT sector (Information Technology Spliced Index) with an example fund of Vanguard's VITAX (Vanguard Information Technology Index Fund) which "only" lost 7.30%. Another thought of mine was the semiconductor index (example fund SOXQ) but that was "only" down 9.85%. So it has to be even more aggressive than having $4.5M completely in the semiconductor sector. To be honest, I got bored guessing at this point and just looked through the long fucking list of funds. Honestly, best guess is something like ProShares Ultra Russell2000 (UWM), a leveraged small-cap index.

VirusZer0

Look at UWM go! Down ONLY 32%!

NRG1975

Still lots of money to be made shorting residential real estate related stocks, LEN, HD, Z, OPEN. RKT, UWM, DRH, TOLL

Musashi_Paleologus

Mortgage rates have actually gone up, and in the short term they're not coming down in a way that's impactful for most people. >This lead to ask myself why would a mortgage underwriter go out and hire AI developers to automate tasks? Somewhat relevant, I actually had a mortgage through UWM and did a recast. Let me tell you that their systems are unbelievably terrible. A simple bank transfer took weeks of back and forth because they kept having errors. On the one hand, yes they could benefit from a complete automation overhaul. On the other hand, I would not trust this organization to successfully pull that off.

Soossaaaa

Small caps are about to explode upwards next 3 months. $IWM $TNA $UWM $VTWO everything smallcaps. I'm going all in.

buggysoftware

deSPAC UWMC's CEO and (by far) majority shareholder unloads $100M of his stock this week. Market, analysts frown. This is a business that should be hugely helped by rate cuts (the nation’s largest home mortgage lender and the largest wholesale mortgage lender for nine consecutive years), and CEO claims "UWM has never been as prepared for the upcoming opportunity as we are now" but stock seems to be headed in the opposite direction of the overall market.

no_simpsons

My HFEA group of QLD, SSO, UWM, and TMF printing.

Copperhead881

UWM is essentially a sweat shop. They pay their employees dogshit wages and low commission.

BrainsNotBrawndo

Though am historically a long-term DIS bull, am less so nice. Favoring other recovery plays, like RKT (or less so UWM) that have a clear, understandable rally thesis with the inevitable rate cuts. DIS is never going to zero with its IP and theme parks, but the bread-and-butter media streaming sector is in a midst of a price war to the bottom, worsened by peak eyeball

earthtojj

UWM, rocket, housing stocks

earthtojj

I think UWM is set to make a large move. Does anyone else?

zxc123zxc123

IWM? This is WSB my youngins. I bought UWM in 2020 before the rip. Bought a few TNAs that got BTFO in 2021. Doubled down on both since 2022/23. Still adding in 24. The mistake most folks on WSB make is that they believe stocks always go up or mean revert: Did PYPL ever go back up to 2021 levels? How many of those 9999 SPACS did? Would TWTR be +$80 today if Elon didn't buy it? INTC was >$70 in 1999 and has never reached back to that price. How many folks really believe GME will go back to $500? But market indexes do eventually revert and do constantly go up (even giga-bubbles like Japan that took 40 years eventually hit new highs. China's SSE peaked in 2007 and only gone down since. Have fun baggies.) The Russell has been in a long underperformance against the SPY and will eventually balance out even if it could be years. Main thing it has going for it is that the SPY/QQQ have already gone beyond their 2021 ATHs meanwhile R2K is still below it. Safer bet to bet R2K in the long run since it is more likely it hits new ATHs than it is to hit new ATLs.

I-ProGamer-I

UWM. High spreads on options though

I-ProGamer-I

Yeah, crazy. Bought IWM and UWM calls yesterday and my positions are green for more than 24 hours. It’s a miracle

I-ProGamer-I

Bought some yesterday plus UWM, monthlies

thezenunderground

UWM 3x IWM ETF. Buy it

zxc123zxc123

You have IWM? Bruh. I've been buying UWM and TNA. Some of my UWM from 2020 still underwater. A few shares of my TNA was from 2021 near the damn peak at $100.

SupraMKIV

Examples for Russell 2000: UWM, IWO. Examples for Vanguard: VB, VBK.

zxc123zxc123

I already thought it would be possible that travel season would slow down a bit once the "revenge travel" fever dies down. On the flip side, there are also folks like myself haven't really travelled but instead been working our asses off for money that we've been throwing into the market. Also everyone I know is still travelling and spending on experiences. Don't know much about UAL or even LUV but as an investor who opportunistically trades? I'd wait for earnings and either sell cash covered puts if they tank (assuming I want the stock or believe in the company). Not worth it to buy options since most expire worthless. Even less reason to on things I stocks I don't really want. I like buying dips so I've been buying: TNA/UWM/TMF/INTC/EWZ/ENR/SNAP/LYFT the 9 months or so

zxc123zxc123

Yep. Deleveraged my UPRO that I bough in 2022 twice. Once last summer and once early this year. Never was able to get back in. Luckily, I'm not a 🌈🐻 and merely diversified my money into SSO/VOO/UWM/TNA/TMF. Even now I feel the pain of not having my UPRO, watching it crash (to the moon), and being unable/unwilling to buy back in.

jarstiffler

UWM does not originate their own loans.

SteamyWilliams

my apologies but i don't know what UWM is in reference to.

yourmomscheese

Rocket originates loans for their balance sheet. Do brokers do loans if they use UWM?

Darkwolfie117

My SPYU shares and UWM are on loan after hours, bullish

Federal-Ad2037

UWM

Federal-Ad2037

UWM

LittleHottie8675309

UWMC posts respectable earnings: UWM Hldgs (NYSE:[UWMC](https://www.benzinga.com/stock/UWMC#NYSE)) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.06 by 50 percent. The company reported quarterly sales of $569.956 million which beat the analyst consensus estimate of $451.732 million by 26.17 percent. This is a 253.41 percent increase over sales of $161.274 million the same period last year Market: fuck you and your dividend.

zxc123zxc123

Will also add it doesn't work for everything. S&P500 is the real exception. QQQ has only outperformed if you bought high but held the downturn for years, bought low and held, constantly had more money to double down during downturns, and luckily rode a massive tech innovation wave. Most 3x funds get wiped the fuck out because they don't constantly go up the way the S&P500 has the last decade or so with pension funds and retirement accounts constantly pouring money into it. China bear? China bull? Any index bear? Most sector/industry 3x like SOXL? 3x bonds like the 20yr/TLT in TMF? Mostly down with a good number of them wiped the fuck out. Even some index 3X don't massively outperform like the 3x/2x Russell 2000 in TNA/UWM which has had periods of outperformance but you can't really hold like you do SSO.

77336622

Allegedly…but again from someone with first hand experience not alleged bullshit, who prefers to take my clients through UWM still to this day with no incentives from UWM, probably is a good person to value an opinion on, UWM always does comparatively well against other lender and has pretty darn solid pricing. And this is coming from someone who has been a broker for 20 years is hyper aware of pricing as I process my own mortgages for my clients (that is extremely rare btw), I drill down fees aggressively, I would actually say for the maybe 1/8th-1/4% of a percent higher on UWMs worst day compared with the best lender, their tech stack, customer support and ease to do business is absolutely without an even second thought they are the best. Im self employed no drinking from anyones coolaid. Its just a simple fact. The lawsuits and voicemail are a joke. UWM is without a doubt the best lender out there for brokers to go through.

EarningsBitch

I worked for UWM in 2019. The company is run in the most miserable way possible and Matt is a useless moron. Watching his shit company die would make me so happy if it didn't mean thousands losing their jobs

t0xic_platypus

Not exactly accurate. It was only a couple lenders that were blacklisted by UWM. The only one of consequence (one of the others is no longer in the wholesale space) is Rocket. Rocket and UWM have very comparable pricing. It is true that there are many brokers that send the vast majority of their business to UWM. And I think that it's unhealthy for a variety of reasons. But their prohibition on their brokers using Rocket is not the reason.

LibelFreeZone

SFS Holding Corp., a company controlled by Mat Ishbia and his father Jeff Ishbia, owned about 94% of UWM according to the company's 2023 proxy statement. Ishbia is credited with 75% of the remaining shares, while his brother Justin owns 23% of the shares held by SFS.

cholulatolula

Not at all. The steps to getting a mortgage aren’t that difficult or time consuming at all. The only reason most lenders move so slow is because they tend to understaff to reduce costs. UWM overstaffs if anything, as they pay their staff super low compared to the industry and they segment tasks among more people. Where other lenders might have one role doing three tasks, UWM might have three roles but all they do is their one task and one task only.

Nothin2Say

From a broker owner’s perspective, UWM is trash.

OutsideTheSilo

And UWM makes brokers sign pledges that they can’t send loans to certain other lenders if they want to do business with UWM. It’s ridiculous and straight up anticompetitive behavior.

thiswaspostedbefore

All I read was a passionate man who cares about the success of his business. Calls on UWM

HereGoesNothing69

The report was fucking stupid. They should've kept the VM out of it. The VM ended up getting all the attention instead of the fact that UWM pushes mortgage brokers to send deals their way despite higher closing cost, according to their report. The extra closing costs are costing borrowers billions of dollars more than if the broker looked for the best deal, but the headline's all about the leaked VM.

biilzz

How come this "Hunter brook Media" company was just launched today with this being their only article? Smells dirty. This "Media Company" provided it's article to it's affiliate "Hunter brook Capital" (thank god!) to it's hedgy who has open positions and derivatives shorting UWM while longing RKT? Lmfao fool me once.

77336622

From a mortgage brokers perspective, UWM is 100% my first thought in my head to take a client’s mortgage to. Its because they employ so much technology, speed and teamwork into the mortgage process. They fuckin rock bottom line and they have quite strong pricing I’ve met Matt. The dude is amped 24/7. They have fully changed the way the industry works. I truly cannot believe their stock is only $6.

Humble_Increase7503

Why should be in trouble for this? This would make me bullish UWM if I bought mortgage companies. Fuck these short selling cunts

zxc123zxc123

Post pic of the trade. Also I've been on the Russ wagon since Fall last year when inflation spiked and IS-PA war broke out. Sitting on UWM and TNA. Unlike you I also bought some TMF for insurance. Most likely scenarios going forward are: 1. We get a few rate cuts and the economy remains good ala "no landing" (stocks go up including R2K. Bonds will go up but less.) 2. Fed sees economy slow and cuts rates just enough to avoid recession "soft landing" (Higher vol, but R2K will dip before going up. Who knows how high it will be before the dip though? That's why I have bonds to swap into R2K if this happens) 3. We the economy goes into light recession and we get a few more cuts (2021 playbook: Late cycle playbook, R2K will get crushed, and bonds will moon) 4. We get no cuts cause inflation is sticky, Fed holds rates, and the economy keeps chugging along despite high rates (Megacap tech and large caps will probably win out against small and mid while long bonds lose to shorts bonds) 5. We get inflation comes back and we get more hikes (Cash, gold, and short bonds) I personally think the odds of 1 and 2 combined is well over 50% so that's why I'm doing 80/20 leveraged on equity/bonds. p.s. You're on WSB front page so you're kind of cursing both of us at this point.

darkchocolattemocha

How did UWM do that quarter?

orkash

having worked both rocket and UWM, you cant survive in this industry without some sort of substance abuse problem.

Coffee-and-puts

They always do stuff like this at the all company meetings. One year they had nade shot because they were advertising in esports. Is it time for puts? It’s hard to say. The whole thing was “burn rhetoric stage coach” back in the day when they were after overtaking wells fargo. But then UWM who was started by an ex quicken guy really went after the wholesale market. To counter this Rocket launched Rocket TPO for the whole sale loans and then kept doing retail (higher priced loans) loans. From my understanding UWM is doing more volume than they are. The company’s real bread n butter is refinance. They made a push into home purchases but at the end of the day, you would be the biggest dolt to not buy calls whenever rates crash again

FFIZeath

Looks like a work rally event to get employees hyped. I had something similar when I worked at UWM. (Rocket's competitor). We had Kid Rock at our big Christmas event.

tystysbaby

They quickly priced in the fact that the cut isn’t coming until the next meeting. Now they are pricing in the cut again. Rinse and repeat. I really need UWM to get the fuck going already!

zxc123zxc123

Don't know. Don't want to know. Just know my SSO/UWM/UPRO dipped and I bought more. Buy low. Sell high. What others do is not my problem. I'm not making new posts telling people to do that. My comments are my opinion. I'm not telling you what to do nor am I making posts about it. If you go broke taking advice from anonymous regards in some subreddit comments section then that's your problem.

Ed_Trucks_Head

UWM and IVR mortgage and lending

Ed_Trucks_Head

The biggest real estate lender in USA is UWM is heavily shorted.

zxc123zxc123

Pretty concerning that OP is actually not regarded and not immediately a tell to inverse........ Makes me wonder if I'm in the wrong since I'm agreeing, Fed cuts is already priced into markets making OP wrong, or if there is some plotting hand out here setting up a rugpull. Anyways. 60/40 got BTFO since the rate hikes started. I think 60/40 or some mix of it will probably work out for those just regarded enough to gamble but don't want to lose their live savings on some FD yolos. Indexes have mostly recovered. Bonds still cheap. QQQs have run up a lot (doesn't mean they can't go up more, but I suspect AI won't deliver immediately so it will consolidate for a while before going higher). Russ still has catchup. Individual stocks too. Probably the safest and best way to win is to have cash in SGOV/BIL/HYSA and then buy the dips. I'm doing 2x-3x levered index ETF (UPRO/SSO/TNA/UWM) with 3x bonds via TMF. Started doing this last Sept/Oct. Only regret is that I didn't also chase and now have an outsized cash pile instead of extra gains waiting for the dip.

Utah09

honestly, follow the ARMR report on Youtube or subscribe to Bret’s service. He provides excellent entry points into the SPY, QQQ, IWM etc. I like to play the doubles - SSO, QLD, UWM based on his algo entries. Good luck and congrats on the bonus!!

no_simpsons

here's what I would do- buy some levered etf's but only at 2x, not 3x. SSO, QLD, UWM. Also TMF, which is 3x levered bonds, but you can get away with 3x leverage on bonds differently than stock. Put 2.5k into each. As you get more money to contribute later, add to the ones which are down and underperforming. If you want greater risk but potentially greater reward, add to the ones which are doing the best rather than the underperforming ones.

TheRock7103

Don’t Count Out $UWMC …. The Feds will lower Interest Rates multiple times over the next two - three years…. UWM has drastically Grown Market Share and Origination Volume! While others have been laying off employees, UWM has hired thousands…. They are the Number ONE Lender in the Nation and will be THE MOST READY for the Next REFI BOOM!!! It is coming…. Watch and Be Ready! 🚀🚀🚀

Vectors_Overhead

You know that feeling when your $7 JAN 24 UWM call rose from being 99% down to 85% down? Yeah. It hit different.

zxc123zxc123

I already lost like +$5K buying TNA within a few weeks. That's not including the +$9K I lost in UWM I bought in 2020. I sure love losing money.

makesnosense00

short $UWM?? https://basketball.realgm.com/wiretap/272836/Mat-Ishbia-Pledged-More-Than-Half-Of-UWM-Outstanding-Shares-To-Secure-Loans-To-Buy-Suns

arcanition

From OP's post history, it looks like all of their posts are about UWMC (UWM Holdings Corp), an American wholesale mortgage lender, which they first started posting about in February 2021. UWMC is up 63% YTD in 2023, granted it did drop about 55% in 2021 and 44% in 2022. The stock hit its bottom of $2.93 in September of 2022, according to [this](https://www.reddit.com/r/wallstreetbets/comments/zwlcxl/loss_porn_that_we_all_love_when_its_someone_elses/) post, OP had just under 26,000 shares at an average cost of $6.18/share and was down $72k on their $160k investment by December 2022. Not exactly sure what happened after that point, but according to this screenshot OP had $102k at the start of the year and $204k today. Honestly, not sure how OP made it from $72k to $102k in the last few days of 2022 and then 100% gain YTD.

stingrays_ds

To address each point: 1. The buyer still has a 3% equity position, same as many FTHB enter with using a common conventional mortgage product that has been around for over a decade. 2. 97% LTV (not 99), and it’s a standard conventional loan, so rates are the same as they would be for any buyer with that equity position (~7ish% currently). 5. Zillow (or whoever the lender is) is not recipient of the interest accrued and paid over time- the belongs the the secondary market securitization (Fannie Mae for the 1% down product being discussed). 7. Zillow does operate as a corporate landlord- they do not rent property that they own and never have. 8. It’s not a Zillow product- it’s a Fannie Mae mortgage product available at 5 of the largest lenders in the country, including the largest wholesale lender (UWM) whom a majority of ‘local lender’ mortgage brokers purchase their financing from. The rest were wrong because they were built on the false premises of the points preceding them.

stingrays_ds

It’s not; it’s a Fannie Mae product also offered by Rocket, UWM, LD, and I believe one other that I can’t recall.

compu_doc

Inflation, aka higher prices, mean that more people want/need credit to buy big-ticket items, especially if their wages have not increased. This equates to new customers who would have otherwise paid cash. Additionally, the higher prices of those items earn UWM more money (higher prices + higher rates = higher interest payments). Also, UWM's existing MSR valuation goes up. When rates do come down again, all the high-interest-rate customers UWM serviced will come back to them to refinance. It's a lovely win-win cycle for borrowers and UWM. The inflation rate isn't what is important to UWM. What's important is being able to navigate high inflation, low inflation environments and high rate, low rate environments. Mat is demonstrating he can compete when everything is rosy, and dominate when everything is not.

compu_doc

It's one thing to be disappointed in the stock price performance, but I would say UWM did not disappoint on its promises. I'm sure the stock price will represent UWM dominance soon enough. And, collecting 40 cents a year in dividends makes waiting fun. [https://nationalmortgageprofessional.com/news/uwm-now-dominating-mortgage-market](https://nationalmortgageprofessional.com/news/uwm-now-dominating-mortgage-market)

compu_doc

The leaps are an interesting way to invest, but do recognize that the 30 cent or so premium they are commanding will erode over time. I would not recommend holding them until expiration, but perhaps sell if/when the stock pops on news. Your comment about rates falling is one of the topics that Mat covered in the CNBC video I posted. It seems his strategy is to build as many relationships with home buyers as possible by offering the lowest rates, best experience, and quickest time-to-close, and then, when rates do fall (I personally do not think it is within a year), these buyers will remember their experience with UWM and refinance with UWM when rates improve. The best part about the long-term strategy with UWMC is the 40-cent-a-year-per-share dividend. You're literally paid handsomely to wait out rate recovery. And, no way he stops paying the dividend. He needs it to pay his Phoenix Suns note!

csteinimal

UWM = largest wholesale lender in the nation. I’m long on calls expiring in 2025, idk they super cheap and it just makes sense to me as they are doing ok right now. But next year when rates fall gonna be a feeding frenzy imo.

Kas_1981

Lol what makes you so sure he’s “clearly lying”? Do you know anything about UWM and how they work?

Arequire-6504

Anybody have it in their portfolio?Welcome to r/dividends!If you are new to the world of dividend investing and are seeking advice, brokerage information, recommendations, and more, please check out the Wiki here. Remember, this is a subreddit for genuine, high-quality discussion. If so, which ones?Welcome to r/dividends!If you are new to the world of dividend investing and are seeking advice, brokerage information, recommendations, and more, please check out the Wiki here. Remember, this is a subreddit for genuine, high-quality discussion. If it does please upvote this comment. Solar, wind, ev’s, recession, more non-opec producers, etc etc etc. Before i get slammed for a bunch of stuff just remember the supply demand curve goes both ways. No stock, bonds, real estate, tax deferred accounts, crypto, you name it. My account size would roughly be 1,000 to startBeware of individuals selling courses, discord chats, signals, MLM schemes, 1-on-1s, or any other bogus financial service. Such restrictions may include ethics, morals, work restrictions, etc. As a reminder, all Rate My Portfolio posts are prohibited under Rule 1 Submission Guidelines. On top of them also have UWM, CVX, DYH, MSF, APPLE. The company went on to make several additional large purchases of bitcoin; as of September 19, 2022, MicroStrategy and its subsidiaries held approximately 130,000 Bitcoins, acquired at an aggregate purchase price of $3. 98 billion, at an average purchase price of $30,639 per bitcoin. I have picture of the increased cash earning interest, my very risky portfolio that wouldn’t pay dividends, and my Roth IRA which I just opened only at $113. Please help. Welcome to r/dividends!If you are new to the world of dividend investing and are seeking advice, brokerage information, recommendations, and more, please check out the Wiki here. Remember, this is a subreddit for genuine, high-quality discussion. :/Considering I do not know your financial goals and the time horizon ( a 10-year, 20-year, 30-year, etc. )

def_not_a_bot094892

Fannie (your source data here) insures all of these loans. This is most likely originator data, (RKT/UWM/BAC/LDI et al.) originate the loan, pay a GFEE for insurance, and the burden (if loan is manufactured in accordance to Fannie guidelines) is on Fannie/Freddie (the government). These loans, if manufactured correctly, are no risk to the originator if they default. If the default is what you are implying.

GurWeird8657

30-40% of all homes are free and clear. and of the other 60% - 99% of all mortgages currently have a below market rate. Yes the future looks bright for UWM

Suspicious_Motor_639

How often are people confusing UWMC with UWM?

IDontWantAGoldfish00

Reposting my commentary from when this was trading at 3.60: • ⁠Am I highly regarded? CERTAINLY. • ⁠Is my wife browsing AshleyMadison.com right now? PROBABLY. • ⁠Will my kids still be able to go to college? UNLIKELY. • ⁠But will it eventually print $$? DEFINITELY! Long forgotten by the WSB community, this stock is legit! CEO basically said “I’ll fuck myself to fuck my competitors” and has dropped margins so low that they’re literally putting their competitors out of business one by one. And it’s working! loanDepot Wholesale? GONE. AmeriSave Wholesale? GONE. Sprout Mortgage? GONE. Homepoint? HUGE LAYOFFS. Rocket? HUGE LAYOFFS. Wells Fargo? HUGE LAYOFFS. Ok so they can starve out the competition. That’s cool, but are they actually good at what they do? HELL FUCKING YES! This company has completely changed the game for mortgages. Where an average loan takes 44 days to complete, these guys get it done in <20 days. With ~8,000 employees, more than 1,000 of them are in IT. This is a tech company that happens to do mortgages! And they have high standards for who they hand out loans to (620+ credit score required). So while many of us irresponsible morons wouldn’t qualify for their services, the people who do qualify actually pay their mortgage on time each month, allowing them to build a hugely valuable collection of MSRs. YEAH BUT… • ⁠Isn’t buying into the mortgage sector in 2022 kinda like purposely slamming a car door on my dick? No! Well yes, but this is the exception. This is the ONLY lender currently growing their purchase business, and they just rolled out a HELOC product that is going to be huge. And with their competitors dropping like English Queens (too soon?), they are poised for explosive growth. • ⁠Well it’s not like this would be a super easy squeeze play, right? ACTUALLY, this might just be the easiest squeeze of all time. 93% of all shares are held by the CEO’s family, and the company has authorized hundreds of millions in buy-backs. The public float is only 7% and the current short interest is >23%! This could be squeezed like your mom’s titties when she’s stripping to help you cover your margin calls! • ⁠Ok, but it’s not like there’s a dividend, right? HA! Not only is there a 0.10/quarter dividend (currently equating to 11.1% yield!), but the CEO has explicitly said over and over that the divvy is NOT going away. And why would he want it to? His family owns 1.5 billion shares! This divvy isn’t going anywhere! • ⁠If they’re actually so good, why haven’t I heard of them? This may be the most incredible part of the business model. $UWMC is a wholesale lender. That means they don’t work directly with the public. Their ‘customers’ are the 40,000+ independent mortgage brokers across the U.S. who do all of the legwork to secure borrowers and then broker those loans to UWM. That means no bloated marketing budgets, and every customer they acquire is delivering loan after loan after loan! The borrower doesn’t even know that UWM exists until they get their first statement, and UWM has no reason to care if Joe and Jane Fuxalot know who they are, which means all that marketing money that other lenders are spending gets poured into technology at UWM! BOTTOM LINE… Am I down a sickening amount of money? Yes, and I have voluntarily given up my belts, shoelaces, and sharp objects for the foreseeable future. But am I selling? Fuck no! This stock is the perfect storm of great company, ruthlessly aggressive leadership, huge dividend, and high short interest. Their CEO will not stop until he has put every competitor out of business. If the retail traders are too regarded to squeeze this thing, it’s still going to go up organically. And when the cyclical mortgage market inevitably turns around (which will be after many other companies have gone out of business), the share price is going to explode. But WTF do I know? I’m not a financial advisor. I’m just a guy who lost the better part of a hundred grand on Robinhood, but damn well believes this stock’s time is coming sooner than later. This is not financial advice, and if you listen to me without doing your own research, then you truly belong on WSB. Good luck everyone!

VisualMod

>UWM is a terrible investment, don't bother.

Weak_Handed_1

I don't disagree with the salesman vibes...but that's what a CEO is expected to do, they ALL do this. Can you imagine if he got up there and sadly talked about how bored his underwriters were? If I'm a UWM shareholder and I see my CEO up there hurting the value of my position...I'm pissed. If I see him upbeat and trying to sell my company...I'm chill.

Planet11202

Buy shorts on UWM looking for a 2-3-day slide. Then buy the call after close to $4.00 for May

VisualMod

I am a bot. You submitted a picture of a banned ticker, UWM. The market cap of UWM is **189,308,000** This check will fire if you included unnecessary pictures that have bad keywords/phrases. Repost with the useless pictures omitted if you did that.

follow-spy

Countrywide was related to subprime UWM loans are clean

youknowmyKEEZ

What made you pick $UWM out of curiosity? That symbol has gone south ever since their SPAC deal.

VisualMod

I am a bot. You submitted a picture of a banned ticker, UWM. The market cap of UWM is **189,308,000** This check will fire if you included unnecessary pictures that have bad keywords/phrases. Repost with the useless pictures omitted if you did that.

VisualMod

I am a bot. You submitted a picture of a banned ticker, UWM. The market cap of UWM is **189308000** This check will fire if you included unnecessary pictures that have bad keywords/phrases. Repost with the useless pictures omitted if you did that.