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-0.00116856558574347 -0.00292141396435879 -0.0075956763073329 -0.00321355536079461 -0.00467426234297411 0.00233713117148695 0.00759567630733269 0.00759567630733269
Stock impact report

Mat Ishbia's United Wholesale Mortgage notches profitable year [Yahoo! Finance]

Rocket Companies, Inc. Class A (RKT) 
Company Research Source: Yahoo! Finance
UWM, the biggest mortgage lender in the country by total originations, announced its year-end earnings results on Wednesday, Feb. 25, reporting a net income, or profit, of $244 million on $3.1 billion of total revenue. United Wholesale Mortgage has its headquarters in Pontiac. The firm was previously known as United Shore. Mortgage refinancing activity was 43% of UWM's business, compared to 31% in 2024. The boost in refi business was a likely result of the dip in mortgages rates in the later half of 2025. The average interest rate on a 30-year, fixed-rate mortgage was nearly 7% at the start of the year and had fallen to 6.15% by year's end, according to Freddie Mac. Last week, the average rate was about 6%. UWM CEO Mat Ishbia is to speak with investors Wednesday during a 10:30 a.m. earnings call. UWM competitor Rocket Companies is scheduled to release its earnings on Thursday afternoon, Feb. 26. In just the fourth quarter, UWM reported doing $164 million in net income on $9 Show less Read more
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