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UWM, Rocket Return to Profitability in 2Q

United Wholesale Mortgage and rival Rocket Companies have each announced a swing back to the black in the second quarter of 2023 after two consecutive quarterly losses. So reports The Real Deal.

UWM 150x150UWM reported a net income of $228.8 million in the second quarter, on origination volume of $31.8 billion.

Rocket Companies, the parent of Rocket Mortgage, posted $139 million in 2Q net income.

Read the full article from The Real Deal.

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