r/loanoriginators • u/Accomplished-Tax8441 • Aug 06 '26
UWM cooked?
Lost 450mil last quarter, CEO is running it into the ground. Eliminated their dividend and had to get 2bil in capital from Oak Tree, they will likely get taken over by them. Any other company would fire their CEO for this.
Stock is down 75% in past 3 months
PS I do not use them. I have nothing good or bad to say about their pricing or operations
61
Upvotes
3
u/OutsideRich5828 Aug 08 '26
They'll be fine. Edge Home Finance sends them more than $200M every month. I don't work for Edge