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 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.