Mortgage origination volume trends - both purchase market activity (driven by existing home sales) and refinance activity (driven by rate movements creating refinance incentives)
Gain-on-sale margin compression or expansion based on competitive intensity, secondary market pricing, and rate lock hedging effectiveness
Federal Reserve interest rate policy and resulting movements in 30-year mortgage rates which drive refinance waves and purchase affordability
Market share gains or losses within the wholesale broker channel versus Rocket Mortgage wholesale division and regional bank competitors
high - Mortgage origination volumes are highly cyclical, driven by existing home sales (which correlate with consumer confidence, employment, and household formation) and refinance activity. Purchase mortgage demand weakens during recessions as job uncertainty reduces homebuying, while strong GDP growth and wage increases support housing demand. The 71% revenue growth in the trailing period likely reflects recovery from the 2023-2024 mortgage market trough as rates stabilized, but volumes remain well below 2020-2021 refinance boom levels.
Extreme sensitivity to interest rate levels and volatility. Rising rates have dual negative impacts: (1) they reduce refinance activity as fewer borrowers have incentive to refinance at higher rates, and (2) they reduce purchase demand by decreasing affordability (higher monthly payments). The company benefits from rate volatility that creates refinance opportunities, but sustained high rates (30-year mortgages above 6.5-7%) suppress total origination volumes. The Federal Funds Rate drives mortgage rate levels with typical 150-200bp spread to 10-year Treasury yields. Current negative cash flow of -$6.2B operating cash flow reflects mortgage warehouse financing dynamics where loans are funded before sale, creating working capital intensity.
Disintermediation risk as direct-to-consumer digital mortgage platforms (Rocket Mortgage, Better.com) capture market share from traditional broker channels through superior user experience and brand recognition
GSE reform or privatization could fundamentally alter mortgage market structure, secondary market liquidity, and the economics of conforming loan originations
Regulatory changes to broker compensation structures (RESPA/TRID modifications) or lending standards (ability-to-repay rules, down payment requirements) could disrupt the wholesale channel economics
value - The stock trades at depressed multiples (28.1x P/S appears elevated but reflects depressed revenue base, while 0.8% net margin shows profitability compression) following the 2021-2023 mortgage market collapse. Investors are betting on mean reversion as mortgage origination volumes recover from cyclical trough levels. The -24.8% one-year return reflects continued pessimism about rate environment and housing market. High-risk/high-reward profile attracts contrarian value investors anticipating Federal Reserve rate cuts driving refinance wave or housing market recovery. The 9.9% ROE and minimal profitability indicate the business is operating well below normalized capacity.
Trend
-23.6% vs SMA 50 · -31.9% vs SMA 200
Momentum
Volume distribution is neutral or leaning toward distribution. No compelling squeeze setup based on current money flow data.
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
Analyst consensus estimates · Actuals replace estimates as reported
| Year | Revenue Est. | Rev Gth | EPS Est. | EPS Gth | Range | Analysts |
|---|---|---|---|---|---|---|
FY2023 | $2.3B $2.1B–$2.5B | — | $0.03 | — | ±13% | Moderate4 |
FY2024 | $2.2B $2.1B–$2.3B | ▼ -6.2% | $0.19 | ▲ +509.3% | ±15% | High6 |
FY2025 | $2.5B $2.5B–$2.5B | ▲ +15.0% | $0.16 | ▼ -13.7% | ±13% | Moderate3 |
Dividend per payment — last 8 periods
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - General Copper Gold Corp. (CSE: GGLD)…
Headquartered in Pontiac, Michigan, UWM Holdings Corporation is the publicly traded indirect parent of United Wholesale Mortgage, LLC. UWM underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks and local credit unions across all 50 states and the District of Columbia.
| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
UWMC◀ | $3.54 | -3.28% | $5.4B | 33.2 | +6583.4% | 86.6% | 1500 |
| $401.61 | +0.99% | $2.1T | 30.6 | +3296.8% | 4510.0% | 1500 | |
| $90.13 | -1.98% | $309.8B | 14.1 | +318.8% | 1510.7% | 1500 | |
| $133.27 | +1.35% | $309.3B | 23.6 | +586.3% | 1305.9% | 1500 | |
| $183.46 | -0.69% | $284.4B | 27.1 | +862.9% | 1745.9% | 1500 | |
| $144.62 | -1.33% | $275.9B | 20.5 | +597.3% | 2564.4% | 1500 | |
| $89.26 | +0.31% | $252.7B | 14.3 | -591.0% | 668.4% | 1500 | |
| Sector avg | — | -0.66% | — | 23.3 | +1664.9% | 1770.3% | 1500 |