secwatch.observer — SEC 8-K summary
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Issuer:     UWM Holdings Corp (UWMC)
CIK:        0001783398
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001783398-23-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UWM Q2 net income $228.8M on record purchase volume $28B; declares $0.10 dividend
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- Q2 loan origination volume $31.8B (purchase $28.0B record); net income $228.8M vs. Q1 loss $138.6M.
- Total gain margin 88 bps vs. 92 bps Q1 and 99 bps YoY; Q3 guidance: production $26-33B, gain margin 75-100 bps.
- Adjusted diluted EPS $0.11, Adjusted EBITDA $125.4M; total equity $2.9B, non-funding debt/equity 0.89.
- Board declared $0.10/share dividend payable Oct 11, 2023 to holders of record Sep 20, 2023.
- Available liquidity ~$2.8B; MSR portfolio $294.9B UPB with WAC 3.84%; 60+ day delinquency 0.99% vs industry 1.47%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783398/000178339823000034/0001783398-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783398/000178339823000034/xbrl-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001783398-23-000034

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