Here's How UWM Holdings Is Prepared for Tougher Times Ahead
Mortgage banking is a feast-or-famine business. The past two years have been a smorgasbord for the mortgage industry as the Federal Reserve lowered interest rates and bought mortgage-backed securities to support the economy.
The Fed recently announced that it will begin reducing its purchases of mortgage-backed securities, and the consensus seems to be coalescing around two or three rate hikes next year. This increase in interest rates will negatively impact origination volume. Here is how UWM Holdings (NYSE: UWMC) is planning to navigate the rougher waters ahead.
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Source Fool.com
