UWM returns to profitability in Q1 amid MSR sales, improved margins
UWM Holdings Corp., the parent of United Wholesale Mortgage (UWM), returned to profitability in the first quarter of 2024 despite higher rates, a lack of inventory and a decline in the fair value of its mortgage servicing rights (MSRs). The quarter’s positive performance was supported by increased origination volumes at improved margins and servicing sales, which resulted [...]read moreUWM returns to profitability in Q1 amid MSR sales, improved margins