secwatch.observer — SEC 8-K summary
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Issuer:     UWM Holdings Corp (UWMC)
CIK:        0001783398
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001783398-24-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.68
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UWM Q1 net income $180.5M, EPS $0.09; originations $27.6B, record purchase volume $22.1B
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- Net income of $180.5M vs loss of $461M in Q4 2023 and loss of $138.6M in Q1 2023; diluted EPS $0.09.
- Total loan origination volume $27.6B, up 13% QoQ and 24% YoY; purchase volume record $22.1B.
- Total gain margin improved to 108 bps from 92 bps in both Q4 2023 and Q1 2023.
- Declared Q2 cash dividend $0.10/share, payable July 11, 2024 to holders of record June 20, 2024.
- Q2 2024 outlook: originations $28-35B, gain margin 85-110 bps.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783398/000178339824000018/0001783398-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783398/000178339824000018/xbrl-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001783398-24-000018

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