If the shorts do not cover they are responsible for that payment which I will then buy more UWMC stock with. UWMC has basically stated they are crushing it for qtr 1 of 2021 and even stated just wait till qtr 2 of 2021. The Street sees United Wholesale earning $1.40 next year, giving the company a price-to-earnings ratio of 7.1 times. Strong Housing Market Will Boost UWM Holdings Stock. Hey /r Stocks. United Wholesale's average loan rate was 2.74% in the fourth quarter compared to 2.89% for the overall industry. That said its charts are barcoded as fuck which implies heavy manipulation. 1 The Reddit Score reprensents a metric which takes into account several paramaters to assess how trending a stock is on Reddit. r/stocks. What do you guys think about this company? UWM Holdings (NYSE: UWMC) — This mortgage company joins RKT as one of the ones Reddit investors seem to be taking an interest in today. ** UWMC is Americas leader in underwriting loans and mortgages. It's considered a boring boomer stock that pays dividend. Shares broke the $12 level earlier this week. This translates into lower borrowing costs. Press question mark to learn the rest of the keyboard shortcuts. So, we think these two stocks are best avoided now. I’m in it for the long haul. https://old.reddit.com/r/stocks/comments/le0rck/can_somebody_give_me_some_insight_as_to_what/gma3u4u/. Some folks might consider UWMC stock to be nothing more than a Reddit stock, but there might be legitimate gains ahead for the stakeholders. They're now on the Detriot Redwings helmets, they had a Superbowl commercial although it was very underwhelming and the company treats their employees rather well. They absolutely must have fantastic technology and workflow tools as they process loans that quickly but just go ask any of your friends or family whom are in the business what they think of them. 2 months ago I commented on UWMC a few days ago, it has a lot going for it and its 4% dividend (at 10 dollars, currently better than 4% at 9) puts in the top 25% on the market for dividends. Do you like free money? Source: ImageFlow/shutterstock.com The wholesale mortgage lender (largest in the U.S. by origination) has Despite the attention from this crowd that took Gamestop (NYSE: GME) to all-time highs, UWMC stock is on the downtrend. Their insanely LOW P/E of about 3.9 and their insane income growth. It was up to 4.6% last time I calculated it. Good question. and there is no bottom yet as it just merged and the 10 dollar floor is now gone. Potential investors can learn more at this link. I'm hoping there's a rebound after earnings and the dividend is paid out. That share of the market sphere (broker dealers) peaked in 2008 and has subsequently fell and leveled off in 2014 at 14%. Dunno what to tell you, other than I keep buying in my retirement account every time it drops. United Wholesale's cost advantage may allow it to take share from other lenders. If they lost every single refinance, they would still be reporting a profit of ~350million quarterly and 1.4 billion annually. 9. Or if people are fearing a housing “cooling off” if markets go south? Late edit2; I just realized if you google uwmc helmets like for me trying to source the link above, you get things from UW university and UW hospitals, and so fourth. The CEO is a beast. I’ve been thinking about buying some shares because they are nearing a 52 week low right now with no fundamental reason. Basically I'm buying with the intention of keeping this for 10+ years and I have no doubt this is a $20+ stock when the rest of the market catches up to this value. If the market doesn't appreciate it, I'm afraid it won't matter all that much. marketingsentinel 6 days ago UWM Holdings Is an Undervalued Gem, Reddit … UWM is the second largest lender (and the largest wholesale lender) in the USA. Once people start pulling fat off the housing market the fire only burns hotter. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. UWM’s … Refinance should level off as they increase original loan volume elsewhere which is their main goal, and rates are not intended to go up anytime soon, Downside - Big banks space - People liken big banks to home loans (BOA/WFC etc). Finally, EASE Docs handles the final documents for closing. Price Action: UWM's stock trades around $8.14 a share at publication time. There isn't much discussion I can find on the web, but the few articles I can find claim this is "overvalued" at ~15bn market cap, yet rival RKT mortgage has a ~41bn market cap. Cramer even said they other day he wouldn’t buy it. Check out our wiki and Discord! UWMC A Fundamental Analysis of why this stock is deeply undervalued - The Latest in a Series. After earnings the stock popped and then fizzled off. I am right there with you. Not exactly clients I expect to be going defunct in a correction or pandemic. Downside - The massive amount of shares make every dollar a 1.5b increase in cap. They had ~1.4billion in quarterly profit and that breaks down 76% refinance and 24% original loans. They have a market cap of 15 billion and as you noted have 7.5% of their market cap in straight cash! Shares are … Commenced plans to restart jumbo offerings which are expected to go live in March 2021 and will also materially increase purchase volume during the remainder of 2021. Here’s what else investors need to know about that news. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. What am I missing here? Unlike some of the other meme stocks or Reddit stocks out there, the hype around it isn’t fully out of whack relative to its valuation. There's really no bear case for this stock. Close. As, that's when the UWMC ultimatum to brokers will really show how successful this strategy was for UWMC. I don’t know if it’s because they have grown so much already? Thanks for adding to the DD hub of reddit, ! Counter - They should also be taking more and more market sphere from big banks and others, not losing it no? Counter - Does that matter in this market? I think the mortgage industry is going nowhere but up for the next few years given the fed's statement about keeping rates low for the foreseeable future. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. The dividend is payable on April 6, 2021 to stockholders of record at the close of business on March 10, 2021. Almost any post related to stocks is welcome on /r/stocks. I would load up on this bad boy prior to March 10th! (No that’s not a typo) So why should we all flood into this stock right now ? Additionally, the Board of Directors of UWMC declared a quarterly dividend of $0.10 per share on the outstanding shares of Class A Common Stock. It is. For example, RKT is a consumer driven mortgage originator, RKT deals with people like you or I and attempts to fund and approve the loan. UWM Holdings Co. Class' stock is trading up $0.59 today. And they are not the only one making a profit in 2020 thats crazy. User account menu. Like what the fuck am I missing?? Press J to jump to the feed. During the fourth quarter of 2020, UWM Holdings reported record originations totaling $54.7 billion in loan volume. Well until UWMC I thought not, but it gives people a reason to be bearish and somewhat understandably so. UWMC also just declared its first regular quarterly dividend of $0.10 per share on the outstanding shares of Class A Common Stock. UWMC is a broker dealer, and deals primarily with the loan officers and lending companies directly. Almost any post related to stocks is welcome on /r/stocks. I am confused as well. A dividend of 0.10 will be payable to stock holders on 7/6/21 to stockholders of record at the close of business on June 10, 2021. The cycle is a concern, certainly. The dividend is payable on April 6, 2021 to stockholders of record at the close of business on March 10, 2021. Share your opinion and gain insight from other stock traders and investors. I'm not countering the downsides to say they don't exist, I'm just interjecting why I think they're not a massive reason to be bearish, but maybe I'm blinded because I like the company and have been in it for awhile (and I made a good chunk of change before merger) - I am not a financial advisor and this is not financial advice and just the reasons I jumped into the stock, blah blah. Unlike with some other plays popular with the Reddit set, UWMC stock has the fundamentals and a solid dividend to back up its bull case. Source: Dmitry Demidovich/ShutterStock.com. Finally, United Wholesale introduced a quarterly dividend of $0.10 per share, which gives the company a 4% dividend yield. Your mistake is not researching why the market hates all mortage stocks. I've combed through their financials and they look solid. Press J to jump to the feed. That share of the market sphere (broker dealers) peaked in 2008 and has subsequently fell and leveled off in 2014 at 14%. Downside - Refinances will go down in volume causing profit to shrink if/when rates up, Counter - but I disagree that this will cause massive downside for the company. People hate those motherfuckers and for good reason lol. The post Consider UWM Holdings a Reddit Pick Worth the Risk appea... 1 month ago - InvestorPlace. Edit; Forgot, great advertising too. That's no help. Maybe I'm an idiot, who knows. Main Parameters taken into account are the number of mentions of the stock, the flair of posts, account karma and age of authors, number of sentences provided in a post mentionning the stock. They can close loans in half the time which puts them at a huge advantage and they are investing in technology. Its currently been rising for the last 7 years at a rate of 1-2% per year. They are also the only mortgage company that is set to make a profit in 2020. I commented on UWMC a few days ago, it has a lot going for it and its 4% dividend (at 10 dollars, currently better than 4% at 9) puts in the top 25% on the market for dividends. Short selling UWMC is an investing strategy that aims to generate trading profit from UWM Holdings Co. Class as its price is falling. If you’d like to learn more about UWMC and its status as a Reddit stock, I ... One of the best ways to convince prospective investors that this isn’t just a Reddit stock, would be to reveal UWM Holdings’ recent fiscal data. Their customers had an average credit score of 757 and a DTI of 36%. United Wholesale has invested heavily in technology. 1.2 billion in cash, EPS profitability, a declared dividend of .10c / share / quarter and solid projected growth; yet it is down day after day. Unlike some of the other meme stocks or Reddit … Shares are up 5.4% as of this writing. Consider UWMC Stock a Reddit Pick Worth the Risk First things first: UWM Holdings (NYSE: UWMC ) stock is a meme stock even old-school investors can love. UWM Holdings (NYSE: UWMC) — This mortgage company joins RKT as one of the ones Reddit investors seem to be taking an interest in today. UWM Holdings (NYSE:UWMC) — UWMC stock takes the fourth spot on Reddit WallStreetBets today with a score of 179. I don’t get it either. And yet, UWMC looks awfully attractive at the moment, even giving credence to these risks. Is there something I am missing? I'm still holding and increased my position to 2100 shares. Their share of the market sphere is picking up. UWMC stock might seem like a solid contrarian opportunity on an improving economy but you’ll want to do your due diligence first. These really don't have a counter, wont be pretty for most companies should this happen and is not something that I really take into account when picking stocks in most sectors. Shares are 8.9% lower and investors can get up to speed here. THANKS SHARTS!!! The massive 5.75% dividend. They have a forward P/E of 6.5 while RKT has a forward PE of 10. Might hold on to this shit until I retire/for life. Press question mark to learn the rest of the keyboard shortcuts. Press question mark to learn the rest of the keyboard shortcuts. Who wants to go deal with wells Fargo tho? I've responded a few times to these posts in the last week or so (maybe I responded to you before, sorry if I have) but uh, I agree. https://old.reddit.com/r/stocks/comments/le0rck/can_somebody_give_me_some_insight_as_to_what/gma3u4u/ Obvious cant analyze a stocks upside without downside too. UWM Holdings (NYSE: UWMC) has been receiving quite a bit of attention on Reddit. Shares are 8.9% lower and investors can get up to speed here. United Wholesale has invested heavily in technology, They're now on the Detriot Redwings helmets. However, their bleak current financials and growth potential make them highly speculative bets. I bought 1300 shares. Out of the 4,911 Buy’s what I am really interested in is the 1,375 transactions which were over $15K. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. It intends to raise awareness of mortgage brokers as a lending vehicle for homebuyers. While this was a spac i and others warned people that mortages are hated and people still dont believe it. Find the latest UWM Holdings Corporation (UWMC) stock discussion in Yahoo Finance's forum. Blink+ is the company's loan origination system, which assembles the documents and handles the nuts and bolts of putting together the loan. It’s been a rough few weeks for special purpose acquisition companies … Unlike some of the other meme stocks or Reddit stocks out there, the hype around it isn’t fully out of whack relative to its valuation. Not a big deal though. Consumers will be able to get referrals to a mortgage broker that will help the consumer decide which product is best. Maybe after pandemic in summer when the buying and selling is happening more. This has only been trading for a few weeks now and I definitely plan on not only holding, but adding to my position at these levels, given the dividend and strong growth prospective. I decided on this cutoff as I did not want small transactions (<5K) to affect the analysis. First things first: UWM Holdings (NYSE: UWMC) stock is a meme stock even old-school investors can love. Buy UWMC Stock to Take Advantage of the Hot Housing Market Not only is UWM a market leader in the industry, it also has been growing at a healthy pace. Though I plan on moving to fidelity soon. why is it still trending down with weak support. UWM Holdings Corporation Class (NYSE:UWMC) share price rebounds 0.99% from the lows – but can it keep going? What do you guys think about United Wholesale Mortgage? 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