United Wholesale Mortgage Shares Plunge 49% After $452 Million Loss and Dividend Suspension
Earnings·1 article across 1 outlet
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Shares in United Wholesale Mortgage fell by a record 49% Thursday, after the country’s biggest mortgage lender announced a net loss of $452 million and suspended its dividend for the first time.
This marks a significant shift for the company, which has not previously halted dividend payments, highlighting the challenges facing the mortgage industry.
United Wholesale Mortgage
Sources
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“Shares in United Wholesale Mortgage fell by a record 49% Thursday, after the country’s biggest mortgage lender announced a net loss of $452 million and suspended its dividend for the first time.”
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