UWM Holdings: A Bet Against The Interest Rate Consensus

Company Overview - UWM Holdings Corporation (NYSE: UWMC) is the largest purchase mortgage lender in the US and has been the largest overall mortgage lender since 2022 [1] - The company has maintained its position as the largest wholesale mortgage lender for over a decade, which allows it to offer loans at lower costs [1] Investment Perspective - The focus is on small capitalized companies that present high optionality to the upside relative to downside risk, grounded in a value-based approach [1]