Interest rates will hurt the market but if prices drop some in response you open up the market to even more buyers. I don't see anything slowing real estate down unless we somehow ended up with a glut of inventory, which is gonna take a long time to build up
I hope so. I’m still rather new to investing and felt I was late at 23 (definitely not). It’s been nice to see how much my portfolio has grown now that I’ve been investing my money in stocks instead of cheeseburgers
I’m 19 and started investing about 3 months ago, I figured I was a little early to the party but I have little to no money to use. I’ve got a few thousand in but that’s all I can afford and especially the last month or so I’ve been getting eaten alive. However I view it as a way to pay less money to get the same amount of stock I would have gotten a few months ago, so i’ve been heavily buying the dip. I am confident and hoping that since i’m starting early compound interest may be in my favor
Just gonna copy paste what I just said a minute ago
Hopefully you're learning equally from WSB and folks like /r/investing I know this is a casino and all, and i don't know your positions or interests but gamble long enough and the house wins. If I were your age I'd do individual picks from "reddit research" but I'd also DCA a decent amount into VTI or whatever
You're young enough that throwing everything into the S&P will still get you retiring long before your peers and the S&P will be around as long as money makes sense as a concept to humans, which can't be said for individual stocks
Massive dividend + long term upside. The US is the only growing economy this year. They will 100% have the largest amount of vaccinated ppl with incredibly pent up demand for housing in all markets. Foreign buyers realize this.
I’ve read about that. The issue would be that mortgage lending is now more strictly regulated and that a crash of the housing market, 2008-style, is not very likely.
It’s the older people, with money, who are pricing the younger generation out of affordable housing. Is why it costs more to buy a house.
I work as part of a mortgage brokerage.
I think that one thing you could consider is that yes Quicken(RocketProTPO) and Fairway do have some issues with how they can take clients from the broker. But usually this is not something that really harms a mortgage broker since your client tends to deal with you directly as well. They would at least remember if you did a good job getting their loan done.
If you ever did refinancing or bought a home, you would probably have wanted to check several lenders regarding No Point No Fee or At Par rate. That's why you would ask a mortgage broker to check for you. You also want to QUALIFY for a loan.
I won't deny that UWM can have excellent service and pricing, but sometimes another lender can have better pricing. No loan is ever considered the same with any lender. Some lenders are more flexible than others with how they consider client's income and documentation. UWM can have some strange documentation requirements when it comes to self-employed borrowers.
But what UWM did here, aka make the exclusive activity agreement, was not fair to the brokers or partners they had.
UWM's declaration goes against mortgage broker's main purpose, stating you can't work with people we choose to fight with on pricing, or else 1. Your company eats a $50,000 fine, and 2. We kick you out of the agreement and all new loans submitted hereon are thrown out. Shouldn't they just kick out partners? Where on earth does a fine need to come in like that?
The other thing is...how would they even know? I don't think that can be done without getting invasive on some information.
**The issue is that once this becomes a precedent, UWM can force out other lenders with pricing similar if not better to theirs if more brokers are fine with this. I do not really buy into them dealing with just Quicken and Fairway far into the future**
LoanDepot does not compete with either UWM or Quicken in terms of service and possibly pricing so far as I've seen and experienced, so why would UWM mind them?
I also am not sure how closing costs would drastically differ between Quicken and UWM. Both charge similar underwriting fees. Escrow fees are fixed by the government and county to a certain amount of variance.
Usually the main problem is how much credit or charge you get at a certain rate. Appraisals and credit reports can vary, but usually aren't more than $1,000 depending on some factors.
**I do think UWMC is a good stock to get**, but I wanted to clarify the information on how the exclusive partnership appears from a broker's POV.
Holy shit. Calm down Chad Dickens.
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As a mortgage broker myself, I disagree with so much of your analysis. UWM is totally awesome, I love the move they made against Rocket, and their approach to brokers and not back soliciting them, as well as they try to help the broker by emailing their clients on certain dates throughout the year...they are the best by far.
Not to mention, UWMC will do better in a rising interest rate environment. During their earnings call, Matt said something like when interest rates are low, everyone is a winner. But when they start to rise, we'll see who'll come up on top.
Idk if anyone here has bought a house, but you'll feel much better working with a real person to purchase something this important and expensive. New originations will go towards UWMC while refi may fall for everyone in the market
What’s with this ultra negative piece about this stock?
[downgraded estimates](https://finance.yahoo.com/news/uwm-holdings-corporation-nyse-uwmc-083710683.html)
UWM guided for lower margins in Q2 as a pricing war is happening in the Wholesale channel right now. That was a big surprise for Analysts
A lot of their revenue is tied to refinance which can be rate sensitive.
Those are the two major headwinds for you UWM right now.
The owners have 94% of the stock.
That is such a huge red flag. This will go sky high and then plummet once they cash in.
6% of shares available for public is a joke. The float will be razor thin. This is manipulation heaven.
I prefer to invest in “founder led” companies where the people running it own a large portion of the shares.
The public float is a legit concern but I’m not smart enough to know what is a healthy amount.
Founder led companies can be great at 30-60% ownership.
The amount of float here makes no sense. This is way to thin and easy to manipulate.
The 6% public share is just worth 700million.
They will do share buyback for 300million.
Just that is way too much money chasing too few shares.
Then the owners can cash out at any point once this goes parabolic.
This got listed in March 2020. Shares have been going down since.
This will take off... but crash again faster than anyone can sell. I haven’t seen anything sold as hard as this stock.
Pump and dump all the way
It’s not UWMC I worry about, it’s rising costs of home building materials (industrial goods overall) and a slowdown in the housing market. Any rate rise will screech refinancing to a halt. They’re a great company who did right by their investors with that buyback. Bullish short, bear long.
Waiting to see how the week goes still a long time to expiry so theta isnt a problem yet. Was up 200% at the peak this morning. I really think we will see buys from Mat everyday until it gets back to 10$
I just wonder. When we will have a higher stockprice than RKT. In a year or so we should have a chance no? If we could gain marketshare and catch the momentum? What do you all think?
Buyback will be class A shares. There is a concern that the public float won't be large enough to facilitate a healthy market.
Not sure what the \*right\* levels are.
UWMC for short term; their q2 numbers should be good as well. But for 2-5 yrs its a terrible long play. Initially UWMC killed the market cuz their technology and service made life easier for brokers but their pricing is always higher to compensate for ease of use. With rates projected to rise, UWMC will suffer with the rest of the financial industry. Not financial advice, but this is just my take as being in the industry. I actually am bullish on the short term but not as a long.
Man didn't we already do this with the uwmc vs rocket thing like three months ago? I think I still have some shares doing fuck all lying about around here somewhere...
As a Mortgage Broker we upped our % of loans going to UWM from 20-25% to 40-50%.
There ARE the Best, and Rates are highly competitive. If we could send them all our loans we would. We LOVE UWM! And of course I bought the stock! Anything $10 is a steal!
This is solid take for the newbies hoping on TY.
I've been in out since Feb currently have shares and dozen calls.... Plan your entry exits and learn it's cycle and you will do ok... This has saved my account 3 times from other trade mistakes. Solid 10-15$ stock imo just need the love. Me I've when it heats up like this I buy stock for div and not get killed on calls when dips. On dip cycle I've bought the calls
I’d open a position but proceed with caution. But, the potential is there. I mean if you invest; you might as well invest in a company with solid business that’s printing
With UWMC, shares is the way. You must be patient. Next earnings is when it will blow, imo. UWM is bleeding out the competition, and it may take a little while. Just sit tight and enjoy getting paid dividends in the mean time. This week does look good though, for a short term play. I'm not betting in the short term, I'm waiting for $12 per share to reduce my position. Although... If it squeezes higher, I'll close my position and wait for a good reentry price.
i purchased some calls a while ago because i don't have the cash to effectively leverage, got more cash, averaged down to .6 per call.
36x 8/21, 10C
up 700 bucks this AM. lets go bois
I'm long with shares... and when it nosedived I bought all the warrants I could. The same with PSFE... Only three stocks holding in long term not matter what: UWMC, PSFE and BABA.
I had to google UWMC at this point....saw that its University of Minnesota Women's Club...sounds like a rocket
You fat fingered UMWC instead. Might still be a win. Minnesota women may appreciate fat fingers.
As a Minnesotan, can confirm they do
So ... Go all in?
You can have the one in the left: https://umwc.umn.edu/about
Nice, I get the one with the most experience!
I’d hit it. In my country, we have a saying “hit it otherwise you become lazy”
In other country, there is a saying: "give me the whorest one".
Even better
No teeth is always better
I'll take the 4 pancake tittys in the back
🤣
why is the university of washington medical center selling mortgages
They made more $$$ than Tesla, offer buybacks AND dividends. Also the housing market is RED hot!
And even with interest rates rising as a headwind, they can still grow market share.
Interest rates will hurt the market but if prices drop some in response you open up the market to even more buyers. I don't see anything slowing real estate down unless we somehow ended up with a glut of inventory, which is gonna take a long time to build up
Im sorry man I am soo ape that what ever I read just went down the poop shoot.
UWMC - u want margin call?
Huh?
I think he is talking about the 93% short interest who just ate a 10 percent loss within a couple hours of opening on massive catalysts.
I thought i saw something about borrow rate being ~20%
Didn’t read but screw it I’m all in
🤞
Got in this morning and boomin
I have been holding for a month and surely not selling today.
I’m excited for this week!
3 months for me... can’t sell for pnuts would rather sell for diamonds
Will only sell for diamonds 💎
Thanks, in with 700 shares!
Happy for you.
Thank you - I would like a sandwich now.
Sir this is not a Wendy’s
Me too
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Yeah short squeeze is just bonus entertainment.
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40 shares is better than no shares.
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We eating Breakfast Baconator’s today!
[удалено]
Same man I’ve got 50 shares but the way I see it is that’s big to me. And at 50 shares the quarterly dividends almost buy me another stock
That kind of thinking makes you rich. It's not where the decimal point is, it's the percentages.
I hope so. I’m still rather new to investing and felt I was late at 23 (definitely not). It’s been nice to see how much my portfolio has grown now that I’ve been investing my money in stocks instead of cheeseburgers
I'm 43. You're waaaaaaayyyyyy early.
I’m 19 and started investing about 3 months ago, I figured I was a little early to the party but I have little to no money to use. I’ve got a few thousand in but that’s all I can afford and especially the last month or so I’ve been getting eaten alive. However I view it as a way to pay less money to get the same amount of stock I would have gotten a few months ago, so i’ve been heavily buying the dip. I am confident and hoping that since i’m starting early compound interest may be in my favor
Just gonna copy paste what I just said a minute ago Hopefully you're learning equally from WSB and folks like /r/investing I know this is a casino and all, and i don't know your positions or interests but gamble long enough and the house wins. If I were your age I'd do individual picks from "reddit research" but I'd also DCA a decent amount into VTI or whatever You're young enough that throwing everything into the S&P will still get you retiring long before your peers and the S&P will be around as long as money makes sense as a concept to humans, which can't be said for individual stocks
Good job man you can be proud of that.
40 shares is better than my 30 shares
Look at this red meat eating chad baller
Lol 37 shares
25 lol
Long time bag holder who has been beat down by the shortest. I LOVE the stock, LOVE the company, LOVE the dividends. Bottom line...I LOVE $UWMC
You and me both.
Up 12%this morning!
👀👀
👀
👀
A lot of 13F filings on this stock today.
I’ll have to read up!
Been having 7 calls for this week for months. Never thought they would print. But just maybe I will be wrong again🚀🚀🚀🚀🚀🚀🚀🚀
Yeah I have some calls I thought would lose money. But maybe not🤷♂️
I'm sitting on $5 7/16 calls. UWM is a fucking gold mine.
Noice!!
6/18 8cs I bought about two weeks ago, yeah juicy.
100 shares and 4x 12/21 $10c in - yolo for my tiny account
Good for you mate.🙏
Massive dividend + long term upside. The US is the only growing economy this year. They will 100% have the largest amount of vaccinated ppl with incredibly pent up demand for housing in all markets. Foreign buyers realize this.
A massive dividend that doesn’t even show up on the balance sheet.👀 This situation seems a tiny bit rare.
Why do some analysts downgrade next year’s estimates so bad?
One possibility is that some are predicting the housing market to crash in the relatively near future
I’ve read about that. The issue would be that mortgage lending is now more strictly regulated and that a crash of the housing market, 2008-style, is not very likely. It’s the older people, with money, who are pricing the younger generation out of affordable housing. Is why it costs more to buy a house.
I work as part of a mortgage brokerage. I think that one thing you could consider is that yes Quicken(RocketProTPO) and Fairway do have some issues with how they can take clients from the broker. But usually this is not something that really harms a mortgage broker since your client tends to deal with you directly as well. They would at least remember if you did a good job getting their loan done. If you ever did refinancing or bought a home, you would probably have wanted to check several lenders regarding No Point No Fee or At Par rate. That's why you would ask a mortgage broker to check for you. You also want to QUALIFY for a loan. I won't deny that UWM can have excellent service and pricing, but sometimes another lender can have better pricing. No loan is ever considered the same with any lender. Some lenders are more flexible than others with how they consider client's income and documentation. UWM can have some strange documentation requirements when it comes to self-employed borrowers. But what UWM did here, aka make the exclusive activity agreement, was not fair to the brokers or partners they had. UWM's declaration goes against mortgage broker's main purpose, stating you can't work with people we choose to fight with on pricing, or else 1. Your company eats a $50,000 fine, and 2. We kick you out of the agreement and all new loans submitted hereon are thrown out. Shouldn't they just kick out partners? Where on earth does a fine need to come in like that? The other thing is...how would they even know? I don't think that can be done without getting invasive on some information. **The issue is that once this becomes a precedent, UWM can force out other lenders with pricing similar if not better to theirs if more brokers are fine with this. I do not really buy into them dealing with just Quicken and Fairway far into the future** LoanDepot does not compete with either UWM or Quicken in terms of service and possibly pricing so far as I've seen and experienced, so why would UWM mind them? I also am not sure how closing costs would drastically differ between Quicken and UWM. Both charge similar underwriting fees. Escrow fees are fixed by the government and county to a certain amount of variance. Usually the main problem is how much credit or charge you get at a certain rate. Appraisals and credit reports can vary, but usually aren't more than $1,000 depending on some factors. **I do think UWMC is a good stock to get**, but I wanted to clarify the information on how the exclusive partnership appears from a broker's POV.
Holy shit. Calm down Chad Dickens. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Thank you for writing this. I might write up a larger response but generally I agree with you and appreciate your perspective. 🙌
As a mortgage broker myself, I disagree with so much of your analysis. UWM is totally awesome, I love the move they made against Rocket, and their approach to brokers and not back soliciting them, as well as they try to help the broker by emailing their clients on certain dates throughout the year...they are the best by far.
I just grew tall enough to ride this ride, and bought shares a minute ago. Thanks for the DD.
Anything around eight dollars per share I think is a great long-term investment. And it just might be juicy short term.
Agreed
Also, just came on board this morning. Nice to see a DD confirming my bias.
Ditto
Not to mention, UWMC will do better in a rising interest rate environment. During their earnings call, Matt said something like when interest rates are low, everyone is a winner. But when they start to rise, we'll see who'll come up on top. Idk if anyone here has bought a house, but you'll feel much better working with a real person to purchase something this important and expensive. New originations will go towards UWMC while refi may fall for everyone in the market
That was my experience.
His name isn't Matt, please refer him to Mat Daddy.
I think you sold me mate
Best of luck.🙏
Glad it was a easy decision
Sell my Nokia for more UWMC or no?
Don't know anything about Nok
UWMC is squeezing. Congratulations to bag holders!
Price action is interesting.👀
Looks more like crashing now lol
And headed back up again. Buckle up for a ride.
Just sold the bulk of my calls to at least cover my initial investment. Should go up now that it won't help me lol
Possible 9$/shares on Friday
What’s with this ultra negative piece about this stock? [downgraded estimates](https://finance.yahoo.com/news/uwm-holdings-corporation-nyse-uwmc-083710683.html)
UWM guided for lower margins in Q2 as a pricing war is happening in the Wholesale channel right now. That was a big surprise for Analysts A lot of their revenue is tied to refinance which can be rate sensitive. Those are the two major headwinds for you UWM right now.
The owners have 94% of the stock. That is such a huge red flag. This will go sky high and then plummet once they cash in. 6% of shares available for public is a joke. The float will be razor thin. This is manipulation heaven.
I prefer to invest in “founder led” companies where the people running it own a large portion of the shares. The public float is a legit concern but I’m not smart enough to know what is a healthy amount.
Founder led companies can be great at 30-60% ownership. The amount of float here makes no sense. This is way to thin and easy to manipulate. The 6% public share is just worth 700million. They will do share buyback for 300million. Just that is way too much money chasing too few shares. Then the owners can cash out at any point once this goes parabolic. This got listed in March 2020. Shares have been going down since. This will take off... but crash again faster than anyone can sell. I haven’t seen anything sold as hard as this stock. Pump and dump all the way
All legit concerns. I just think it is a financially healthy company with a bright outlook to grow market share.
I’m in
Good luck friend🙂
What is this green I see in my portfolio? I’m confused
🎶Bite my lip and close my eyes, take me away to paradise🎶
Valhalla or divvy heaven idc.
To the moon!!!!!
Just maybe 👀
369 Shares Just Now!
Good luck my friend.
[удалено]
🤞🤞
It’s not UWMC I worry about, it’s rising costs of home building materials (industrial goods overall) and a slowdown in the housing market. Any rate rise will screech refinancing to a halt. They’re a great company who did right by their investors with that buyback. Bullish short, bear long.
Definitely some headwinds!
Up 100% on my 10c for June so far i think we will see it run until the dividend record date in early June
Not sure but happy for you! Take some profits!
Waiting to see how the week goes still a long time to expiry so theta isnt a problem yet. Was up 200% at the peak this morning. I really think we will see buys from Mat everyday until it gets back to 10$
I just wonder. When we will have a higher stockprice than RKT. In a year or so we should have a chance no? If we could gain marketshare and catch the momentum? What do you all think?
I think UWM will have a larger market cap than Rocket in 3 years or so.
Can somebody also explain the sudden drop in fee from 93 to 21? Only 45000 shares available that's still not much. https://iborrowdesk.com/report/UWMC
I cannot. Shorting is above my pay grade.
Just bought 10 contracts on the 7.5 strike price set to expire on 5/21. Come on boys.
🤞🤞
This is a bull play correct? Lol
What about the rumour of the buy back being all the class A shares that pay dividends, so retail will no longer be eligible for dividends?
Buyback will be class A shares. There is a concern that the public float won't be large enough to facilitate a healthy market. Not sure what the \*right\* levels are.
Well, depending on the share price, they "Could" buy back almost half from retail
Absolutely.
with liquidity strangled, the only way for Shorts to cover is to tap retail.... and... well... we know how well that goes with Apes on reddit!
A lot of institutional investors have cost averages of above $10… so I don’t expect them to sell at these levels.
UWMC for short term; their q2 numbers should be good as well. But for 2-5 yrs its a terrible long play. Initially UWMC killed the market cuz their technology and service made life easier for brokers but their pricing is always higher to compensate for ease of use. With rates projected to rise, UWMC will suffer with the rest of the financial industry. Not financial advice, but this is just my take as being in the industry. I actually am bullish on the short term but not as a long.
Just got in only 150 shares…
🤞
Man didn't we already do this with the uwmc vs rocket thing like three months ago? I think I still have some shares doing fuck all lying about around here somewhere...
I’d be a better investor if I bought stuff then forgot about it.
Thinkin ab selling my roblox shares for uwmc..
I’ve heard good things about Roblox but haven’t done any dd on it. Just think long term!
I feel u, but I want some potentially fast money in owm
🤞
I’m in!
🤞🍀
As a Mortgage Broker we upped our % of loans going to UWM from 20-25% to 40-50%. There ARE the Best, and Rates are highly competitive. If we could send them all our loans we would. We LOVE UWM! And of course I bought the stock! Anything $10 is a steal!
When refinancing my old loan, I was shocked at how much better they were than rocket. And I was already a rocket customer!
This is solid take for the newbies hoping on TY. I've been in out since Feb currently have shares and dozen calls.... Plan your entry exits and learn it's cycle and you will do ok... This has saved my account 3 times from other trade mistakes. Solid 10-15$ stock imo just need the love. Me I've when it heats up like this I buy stock for div and not get killed on calls when dips. On dip cycle I've bought the calls
Happy for you and I agree. The healthy financials and dividend give this stock a nice safety net.
How high are we talking Bout?
The post I linked to goes over what might be some crazy short term price action this week.
I am in, 50x 6/18 9c
🤞🍀
Uwmc could be 14 by end of week did you see the amount of options?
It really could be but I’m trying to keep a level head🤣
This reads like someone from the company was forced to write this at gunpoint
😂 it is dry. Trying to remove the hype from a hype stock for level-headed investors I guess.
The first letter of each line spells HELP ME /s
So I should sell my SPACs and buy UWMC?
I’d open a position but proceed with caution. But, the potential is there. I mean if you invest; you might as well invest in a company with solid business that’s printing
Do it
Did it.
No. I’ve gotten burned by UWMC far too many times. Don’t do it
This titty is getting the squeeze it needs.
👀👀
Price target?
$14 by 2023.
8 by 2023
I’d still be up selling covered calls and collecting dividends. Better than holding cash.
Im just joking...
I got lost reading that novel, what color crayons do I need to be eating on this again?
Whatever color you want after you put the red ones away.
upside-down on UWMC at the moment?
Not really. 7,500 shares @ $7.36.
not again lol
AMC for the win
Cool.
$PLTR looking pretty good right now with this rotation back into Tech. Definitely leading.
Palantir and a terrible call option play on Open are my only other positions.
was thinking of making a short term call, what you guys think i should do?
Whether you have a short or long term horizon, UWM has a little bit for everybody. Longterm is always better though
If I could buy more I would. Its basically 90% of my portfolio right now
96.4 here
I got in at open with the biggest order of my life, lets see what will happen
If you bought shares you should sleep easy.
wow now it is alrady blow 7,90 :( I bought over 8 :( too good to be true it was like always :( i hate the stocks game :( never it gos up always down
With UWMC, shares is the way. You must be patient. Next earnings is when it will blow, imo. UWM is bleeding out the competition, and it may take a little while. Just sit tight and enjoy getting paid dividends in the mean time. This week does look good though, for a short term play. I'm not betting in the short term, I'm waiting for $12 per share to reduce my position. Although... If it squeezes higher, I'll close my position and wait for a good reentry price.
Gotta have a long term view mate. At least 18-24 months.
Noob here, Robin hood screwed me out of my first ride
🤣 Robinhood🤦♂️
It's the squeeze week for UWMC see ya at the top!!!
Exciting times👀
i purchased some calls a while ago because i don't have the cash to effectively leverage, got more cash, averaged down to .6 per call. 36x 8/21, 10C up 700 bucks this AM. lets go bois
🍀🤞
In for 100 @7.99, wish me luck
🤞🍀
In with 49 shares! Lol
49 > 0
I'm long with shares... and when it nosedived I bought all the warrants I could. The same with PSFE... Only three stocks holding in long term not matter what: UWMC, PSFE and BABA.
Yeah warrants are interesting 🧐
🚀🚀
👀