UWM Swings to $205-$220M Q3 Profit, Will Sell $70-$80B of MSRs to Cut Debt
UWMC sits 24% above its 52-week low of $0.93.
Summary
UWM pre-announced preliminary Q3 2026 results showing a sharp reversal from the $451.9 million net loss reported in Q2: net income of $205-$220 million on total revenue of $800-$825 million, with loan origination volume of $33.4 billion and a gain margin of about 124 basis points. The company also cut its full-year 2026 revenue outlook to $3.35-$3.50 billion, citing lower industry-wide origination volume. The bigger balance-sheet item is a plan to sell $70-$80 billion of MSRs in Q4 2026 for proceeds above $1.8 billion, which together with the $400 million rights offering will fund paydown of non-funding debt. The release was timed ahead of the measurement period that sets the rights offering subscription price, so the numbers directly feed the pricing of that capital raise. Watch the final 10-Q for any material change from these unaudited estimates.
At the time of this announcement, UWMC was trading at $1.16 on NYSE in the Finance sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $0.93 to $6.15. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.