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.
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Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.
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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.
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