Premise of the Hunterbrook Media thesis on UWM is ‘misplaced:’ BTIG analysts
Housing Wire
APRIL 8, 2024
UWM’s total gain-on-sale margins increased to 92 basis points in 2023, compared to 77 bps in 2022. According to the analysts, the short thesis alleges some borrowers overpay for loans due to brokers’ incentive to steer business to UWM, but this is not reflected in the wholesale lender’s earnings.
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