Delivered a second consecutive year of double-digit net interest income growth by deploying capital into high-yielding investments while reducing operating expenses for the third straight year. Attributed GAAP book value growth to improving valuations in legacy securitizations as rates declined and strong net interest income from new capital deployment. Maintained a deliberate strategy of migrating up the credit spectrum to focus on resilient assets, resulting in credit performance that outperformed t ...

PresentationGood morning. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to the UWM Holdings Corporation Fourth Quarter 2025 and full year 2025 Earnings Conference Call. [Operator Instructions] Blake Kolo, you may begin your conference.Blake KoloChief Business Officer & Head of Investor Relations Good morning. This is Blake Kolo, Chief Business Officer and Head of Investor Relations. Thank you for joining us, and welcome to the Fourth Quarter ...

Financial Data and Key Metrics Changes - In 2025, the company reported $163.4 billion in originations, a 17% increase from 2024, with net income of $244 million, which included a $435 million MSR write-down [5][9] - For Q4 2025, the company achieved $49.6 billion in originations, up 28% year-over-year, with a net income of $164.5 million, including a $28.8 million MSR write-down [5][9] - Adjusted EBITDA for the full year was over $697 million, while Q4 adjusted EBITDA was $232.8 million [5][9] Business Line Data and Key Metrics Changes - The servicing income for 2025 was $725 million, an increase from $637 million in 2024 [10] - The company maintained a MSR portfolio with a UPB of approximately $241 billion and a fair value of $4.1 billion [9][10] Market Data and Key Metrics Changes - The company noted a growing trend of consumers entering the broker channel, driven by factors such as rate shopping and the ability of mortgage brokers to guide consumers [8] Company Strategy and Development Direction - The company is focused on bringing servicing in-house and has a strategic partnership with Bilt, which is expected to enhance lead flow and consumer engagement [6][7] - The pending acquisition of Two Harbors is viewed as a strategic inflection point that will enhance operational capabilities and market position [7][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the mortgage and housing industry, citing potential benefits from government initiatives aimed at improving affordability and lowering rates [13] - The company anticipates maintaining its number one position in the market and is excited about the potential of AI to reduce expenses while increasing production [13][14] Other Important Information - The company reported total revenue of $3.2 billion for 2025, up from $2.7 billion in 2024 [9][10] - The total equity at the end of Q4 was $1.6 billion, with total available liquidity of $1.8 billion [10][11] Summary of Q&A Session Questions and Answers - The management did not engage in a traditional Q&A session but encouraged stakeholders to refer to SEC filings for more detailed information about the business and strategy [15][16]

Group 1: Mortgage Rates and Home Affordability - The average 30-year fixed-rate mortgage is currently at 6.09%, the lowest level in over four years, and approximately 80 basis points lower than a year ago [1][2] - Compared to last year's average rate of 6.88% and the peak of 7.86% in late 2023, the current rate significantly reduces monthly payments for homeowners [4][5] - A typical $400,000 home financed at the current rate results in a monthly payment of $1,937, saving homeowners $166 per month compared to last year, equating to a total savings of $59,760 over the life of the mortgage [5][4] Group 2: Impact on the Mortgage Industry - Lower mortgage rates are expected to boost home purchases and refinancing activities, benefiting mortgage companies significantly [6][7] - Homeowners who purchased homes in the last three years may find substantial savings by refinancing at the current lower rates [6]

Hey, Kevin Hanks, pre-bell playbook joining us. Of course, everybody's getting ready for Nvidia. Since last week, we've been speaking about this.This can really determine things one way or another. The capex spending, um, how much people believe in AI and so on. What are you watching.>> Good morning, Nicole. You know, you can make the case that everything we worried about in terms of capex spending from Microsoft, Google Alphabet, Amazon, Meta Platforms, all that capex spending, where's it all going to end ...

Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Dominion Lending Centres Inc. (TSX: DLCG) ("DLC Group" or the "Corporation"), one of Canada's leading franchisors of mortgage professionals and owner of Newton Connectivity Systems, will release its fourth quarter and full year 2025 results on Tuesday, March 24, 2026, after market close. A conference call and webcast will be held to discuss the results on Tuesday, March 24, 2026, at 4:00 p.m. Mountain Time (6:00 p.m. Eastern Time). Fourth ...

US mortgage rates slipped last week to the lowest level since 2022, generating more refinancing activity. The contract rate on a 30-year mortgage dropped 8 basis points to 6.09% in the week ended Feb. 20, according to Mortgage Bankers Association data released Wednesday. The rate on five-year adjustable mortgages fell to 5.23%, also the lowest since September 2022. Most Read from Bloomberg An index of refinancing activity climbed more than 4% to the second-highest level in five months. Refinancing has ...

Mortgage rates made a tiny move higher today. According to the Zillow lender marketplace, the 30-year fixed rate rose one basis point from its previous multi-year low to 5.77%. The 15-year fixed rate stepped up three basis points to 5.40%. The 15-year VA loan is an eye-opening 4.99%. Today's mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 5.77% 20-year fixed: 5.68% 15-year fixed: 5.40% 5/1 ARM: 5.95% 7/1 ARM: 5.82% 30-year VA: 5.37% 15-year ...

DSCR, BI, Retention, Processing Tools; Correspondent and Wholesaler News; UAD 3.6 Interview Products, Services, and Software for Brokers and LendersWhen every basis point counts and staffing doesn’t magically scale with volume, servicers need automation that works as hard as they do. That’s exactly how Dark Matter Technologies delivers Elevate, a loan servicing solution designed for real-world operators who need more than a system that simply “generates reports.” Elevate automates scheduling, file delivery ...

Key Takeaways Rocket folds Redfin and Mr. Cooper into an origination-to-servicing platform aimed at the next upturn.RKT targets $540M cost synergies plus $100M revenue lift from Mr. Cooper recapture gains.Rocket sees Q4 2025 adj. revenue $2.1-$2.3B, but expenses near $2.3B may delay leverage.Rocket Companies, Inc. (RKT) is increasingly a story about operating leverage rather than just mortgage volumes. With Redfin and Mr. Cooper folded into an end-to-end origination-to-servicing platform, the company is pos ...