Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

United Wholesale's Results Confirm the Benefit of Its Business Model

TheMotleyFool

0 0

United Wholesale's Results Confirm the Benefit of Its Business Model: https://g.foolcdn.com/editorial/images/733127/couple-getting-a-mortgage.png

The past year has been awful for the mortgage origination business. After feasting on easy refinance activity in 2020 and 2021, mortgage originators got a punch to the gut when the Federal Reserve started hiking the federal funds rate in early 2022 to bring down outsized inflation. Those rate hikes slowed refinance activity to a crawl, and we have seen several big originators go bankrupt and exit businesses as a result.

The biggest originator in the United States is UWM Holdings (NYSE: UWMC), which is the parent company of United Wholesale. This company follows a somewhat different business model, which is helping it navigate this market better than its competitors.

Image source: Getty Images.

Source Fool.com

Like: 0

UWMC

Share