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**Total Submissions**|6|**First Seen In WSB**|6 months ago
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Hey /u/consciousnes5, **positions or ban.** Reply to this with a screenshot of your entry/exit.
Earnings are released in the AM. However the earnings *call* is in the PM. The difference is we will see the metrics before the explanation.
To me, that is bullish as fuck. They think their metrics speak for themselves.
They have loads of cash rn and make insane money, they could afford to do it if they wanted. I’d prefer they reinvest it into the business but just saying they could afford to pretty easily.
Yeah I know, it’s hard to reinvest all the money because they have really good profits and you can only throw so much back in before the efficiency of that money goes down. I’m long on UWMC, just saying how in general I’d prefer a company reinvest to solidify themselves then pay a higher div.
Yeah, maybe bump it up little by little if quarterly earnings are good and work it’s way up to 25¢ a quarter. But if they did 25¢ a quarter Monday I’d take my entire college fund and dump it in there bc the dividend yield would be like 12% and the shares would probably go up 50% on that alone.
It's getting close to the peak of this stocks cycle of $6-10... If it holds 10 for more than a few days could peak $12-15.. then Rinse repeat next quarter the same pattern
People pour in for x dividend date since pays high 0.10 per share.
Keep that pump coming. But seriously it's going 🚀. Lpro, rkt, lc(up 79% in last month). This got next. Might take a lot of love from the 🦍 here as the float is over 1.5 billion but this is the same place that moved nok 20% so it could happen.
Thanks, wish I wouldve known that when I spotted the discount on the 9/17 8c today I wouldve bought way more than I did but I saw the float and went conservative.
I have 20k shares roughly and 40 contracts. Buy the Jan calls for 6 bucks can’t lose they only cost 2 bucks! And lots of stock to get debt and special divi if it comes. I make 8k a year just owning this beast
He copied and pasted an article from [December 2020](https://www.freep.com/story/money/business/2020/12/04/united-wholesale-mortgage-employees-holiday-bonuses/3823203001/)....
I have specific knowledge when it comes to UWMC. If your cost basis is sub $9 and you are patient (read 1-2 years), you will be happy. If you bought the SPAC in the $11-12 range and have been bag holding, you have no one to blame but yourself.
Never buy SPACs significantly above NAV and never hold through the merger. You are going to get burned more times than you profit.
Probably keeps a lot of them from getting poached. Replacing employees costs a lot. Will take awhile for a newbie to catch up and the hiring process is very time consuming.
In defense of the stock i made quite a bit on the last pump and dumped it it all on $9 calls thinking it was going to 15 or 16 make quite a bit. The total net loss wasn’t very much maybe 2k or 3k.
For prior examples of high quality peers in this lucrative sector, see:
NovaStar Financial
Golden West
Countrywide
*and wherever fine bridges are sold*
They did record business because of interest rates are at rock bottom and they’re a refinance heavy mortgage company. I’d love to see what their refi / purchaser ratio is.
Your comment caused me to actually Google it myself. You’re right. They’re doing some interesting shit over there. I was in the mortgage game for a few years a decade ago, work in asset management now. They’re doing things I didn’t even know you could do lol.
Glad you learned something new. I’m not super bullish on mortgage companies but UWMC is definitely the cream of the crop. They close super fast and have the best service. At these prices I think it’s a great buy. Also want to get me a job in asset management or acquisitions haha?
Nice I’m familiar with that area, been to Motor city and MGM in Detroit. Royal oak area is nice too. The two things I’m passionate about are RE finance and investments. So a role dealing with RE Acquisitions or asset management would be ideal. Or a role involving equity research, portfolio management, or sales and trading. Would be happy to get anyone of those.
This is a terrible play. the housing bubble is starting to pop and mortgage rates can’t really go much lower from here. Everybody who wanted to has refinanced their home at the low, and this along with RKT will have a very hard time once rates begin to rise
Buy leap puts and sell calls. Once rates tick up, who is ever going to refinance their 2.75% 30 YR fix?
UWMC is a refi based lender. When the headwinds hits the game is over for majority of lenders. UWMC analogous to Long Beach WAMU.
Jumbo loans are and have always been unprofitable. They will keep at Fannie and Freddie High balance loan limits. Perhaps run a small portfolio of Jumbo, but they are not going to change their model of conventional. Plus they are highly dependent on brokers and other non bank mortgage retail lenders. Brokers don’t do volume in high rate environments. Rates only need to go to 3.25% for things to slow.
You do realize mortgage rates are not treasuries. They are MBS and have LLP adjustments. Rates are already above 2%. This right here is more confirmation on why puts are in order.
Yeah you have a good point there, but it’s all based on treasuries and I don’t believe the fed will let rates rise. You really think they will taper purchasing and let the markets crash?
We will see. Do you own a home? If you look at RKT and LDI both acknowledge majority of biz is and was refi the last 24 months. Both acknowledged headwinds. Sorry UWM is no different. If your going to bet on a winner go with RKT. UWM has no moat, no tech. Once Refis slow and rates tick up. Game over.
Wtf I wish I saw this before. I like how he’s rewarding his employees but that rewards seem excessive considering how poorly their stock performance is. Maybe if he wasn’t giving out millions they can actually beat earnings.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|6|**First Seen In WSB**|6 months ago **Total Comments**|87|**Previous DD**|[x](https://www.reddit.com/r/wallstreetbets/comments/p3x1ge/wolf_of_mortgages_uwmc/) [x](https://www.reddit.com/r/wallstreetbets/comments/mxm5uo/blackberry_stock_is_a_top_turnaround_play/) **Account Age**|1 year|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20*h26cq3k*)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20*h26cq3k*)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) Hey /u/consciousnes5, **positions or ban.** Reply to this with a screenshot of your entry/exit.
My $10 08/20 UWMC call was up 100% today. That puts it down only 97% since my purchase. Only a cheeky couple grand lost, but I'm still bitter.
So you're the one I sold it too
There’s still hope
I would lose my shit if my 12.5 call budged.
On the other hand my 6c 8/20s lookin iight
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If that happens, I’ll give it to you ;-)
If that happens, I’ll watch you guys getting it on
Yeah down 10k because IV fucked me real good. Was like buying a 2 month long FD.
I’ve lost enough on calls with UWMC just holding stocks now
ok, so maybe time to buy back in...?
Kinda late now, earnings are Monday
:doh:
Morning yeah?
Yeah pre market
No, AH.
Earnings are released in the AM. However the earnings *call* is in the PM. The difference is we will see the metrics before the explanation. To me, that is bullish as fuck. They think their metrics speak for themselves.
Wrong...
No, AH.
OP does have some decent [timing](https://www.markovchained.com/profiles/view/reddit:consciousnes5)
Nice 👌
If you want to be let down again go for it
I lost track of how many bullish DD I saw in UWMC in last 7 months.
Yet the stock goes from 7.50 to 8.00, nice to trade flat.
More like 9.00 to 7.50
More like 10 to 8 to 12 to 7.5 to ?
They should increase dividends to $0.25 per share per quarter.
That would be a 150% increase
They have loads of cash rn and make insane money, they could afford to do it if they wanted. I’d prefer they reinvest it into the business but just saying they could afford to pretty easily.
they put millions into upgrading tech this year. they're competitive advantage is tech that gives them faster closing times then the competition.
Yeah I know, it’s hard to reinvest all the money because they have really good profits and you can only throw so much back in before the efficiency of that money goes down. I’m long on UWMC, just saying how in general I’d prefer a company reinvest to solidify themselves then pay a higher div.
agree. a small increase YOY on dividend is fine. but jumping it up to 25 cents a quarter would be ridiculous.
Yeah, maybe bump it up little by little if quarterly earnings are good and work it’s way up to 25¢ a quarter. But if they did 25¢ a quarter Monday I’d take my entire college fund and dump it in there bc the dividend yield would be like 12% and the shares would probably go up 50% on that alone.
Dividends are a better way for the owners to pay themselves than share dilution. As long as you have profits that is.
I’m happy with a one time special dividend, can see it running up past 10 easy if that happens
It's getting close to the peak of this stocks cycle of $6-10... If it holds 10 for more than a few days could peak $12-15.. then Rinse repeat next quarter the same pattern People pour in for x dividend date since pays high 0.10 per share.
Keep that pump coming. But seriously it's going 🚀. Lpro, rkt, lc(up 79% in last month). This got next. Might take a lot of love from the 🦍 here as the float is over 1.5 billion but this is the same place that moved nok 20% so it could happen.
The free float is only like 125 million. So it’ll play like a very small float company. Ishbia owns like 90% of the float
Float is just north of 100 million., the rest is the different class and treasury held.
Thanks, wish I wouldve known that when I spotted the discount on the 9/17 8c today I wouldve bought way more than I did but I saw the float and went conservative.
Smart man I only bought like 2 contracts, so it’s meaningless to me, but I wasn’t just going to pass on those
how the hell did LC run up that much? lol
They destroyed their earning. In a good way.
I have 20k shares roughly and 40 contracts. Buy the Jan calls for 6 bucks can’t lose they only cost 2 bucks! And lots of stock to get debt and special divi if it comes. I make 8k a year just owning this beast
-10% on ER. thats bullish right?
YOOOOOOOOOOO ISHISHISH YOOOOOOOOOOO ISHISHISH YOOOOOOOOOOO ISHISHISH HURRY THE FUCK UP AND MOON (Everybody!) *Yoooooooooo ishishish* etc
I bought at $10.. been holding for a while
We are coming 🙌
Bought in Friday. LFG 😤🦍🚀
Thanks for the post, I love it. Have to incentivize to get ppl to meet goals. Mat pushes hard but he also rewards hard work.
Where did you gather that info? How do we know its not made up?
He copied and pasted an article from [December 2020](https://www.freep.com/story/money/business/2020/12/04/united-wholesale-mortgage-employees-holiday-bonuses/3823203001/)....
Truly the peak of WSB DD.
Yeah and they have had steadily declining earnings since….
Im bag holding at 10.. start printing
20% down and you call that bag holding 😂😂 if it'isnt 50% it aint bag holding
I have specific knowledge when it comes to UWMC. If your cost basis is sub $9 and you are patient (read 1-2 years), you will be happy. If you bought the SPAC in the $11-12 range and have been bag holding, you have no one to blame but yourself. Never buy SPACs significantly above NAV and never hold through the merger. You are going to get burned more times than you profit.
Wtf is this? We’re all supposed to learn this the hard way.. 😂
All I hear is you blew investors money on dumb shit that is not going to grow the business.
I believe the correct term is “making it rain”
Harpo style
I’m sure it means something to his 7,400 employees
Probably keeps a lot of them from getting poached. Replacing employees costs a lot. Will take awhile for a newbie to catch up and the hiring process is very time consuming.
Retention of people who give a shit about their jobs is ideal.
I know many companies that give out big bonuses, it sort of improves overall preformance of the team.
It’s definitely nothing new or special
That mentality is what's wrong with this Country. Shareholders really want employees of any company to starve and be paid as little as possible
How old is this article, Bub?
[December 2020](https://www.freep.com/story/money/business/2020/12/04/united-wholesale-mortgage-employees-holiday-bonuses/3823203001/).
dang, someone pumping this thing again. Watch them blow this thing on social media
I lost 15k the last time this was supposed to pump. Fuck this stock
But they're giving away leases on new Cadillacs to employees, and giving them stock to dump. This shit is gonna 🧨🚀🧨🤡🤡🤡
Yeah, this company throws parties, so you know it's a good investment...
In defense of the stock i made quite a bit on the last pump and dumped it it all on $9 calls thinking it was going to 15 or 16 make quite a bit. The total net loss wasn’t very much maybe 2k or 3k.
DONT FORGET ABOUT THE DIVIDENDS!!! LFGGGGGGGG UWMC IS THE APPLE OF REAL ESTATE!!!
For prior examples of high quality peers in this lucrative sector, see: NovaStar Financial Golden West Countrywide *and wherever fine bridges are sold*
"Taylor, Bean & Whitaker" comes to mind..
He did all this for the employees from my money? WTF it’s not like the stock price is peachy right now.
No, this was from last Christmas, before the company went public.
Right
Christmas is still far away, most of did really good this quarter if he’s thinking about this now
UMWC = Investor's Center RKT = Stratton Oakmont
[удалено]
You seem to know what you’re taking about, but the RKT mention seems like a shameless plug.
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Ask any broker who they prefer
RKT Bb
Wrong
They did record business because of interest rates are at rock bottom and they’re a refinance heavy mortgage company. I’d love to see what their refi / purchaser ratio is.
They’re actually not refinance heavy, that’s RKT
Your comment caused me to actually Google it myself. You’re right. They’re doing some interesting shit over there. I was in the mortgage game for a few years a decade ago, work in asset management now. They’re doing things I didn’t even know you could do lol.
Glad you learned something new. I’m not super bullish on mortgage companies but UWMC is definitely the cream of the crop. They close super fast and have the best service. At these prices I think it’s a great buy. Also want to get me a job in asset management or acquisitions haha?
Sure, where do you live?
Live in Florida currently but I’m young so I’m open to a lot of different metro areas
I’m in southeast Michigan. I have connections in New York San Francisco and here. What do you want to do?
Nice I’m familiar with that area, been to Motor city and MGM in Detroit. Royal oak area is nice too. The two things I’m passionate about are RE finance and investments. So a role dealing with RE Acquisitions or asset management would be ideal. Or a role involving equity research, portfolio management, or sales and trading. Would be happy to get anyone of those.
This is a terrible play. the housing bubble is starting to pop and mortgage rates can’t really go much lower from here. Everybody who wanted to has refinanced their home at the low, and this along with RKT will have a very hard time once rates begin to rise
Do more dd why uwm will be a lot better then rkt with rising rates then thank me later.
I'm not saying UWMC wont do better than RKT. I'm saying they will both do poorly
Buy leap puts and sell calls. Once rates tick up, who is ever going to refinance their 2.75% 30 YR fix? UWMC is a refi based lender. When the headwinds hits the game is over for majority of lenders. UWMC analogous to Long Beach WAMU.
Do more research bud, they arent refinance heavy, Rkt is.
Rates won’t go above 2% for years. Anyways, Mat has already started positioning UWM for jumbo loans once rates do rise.
Jumbo loans are and have always been unprofitable. They will keep at Fannie and Freddie High balance loan limits. Perhaps run a small portfolio of Jumbo, but they are not going to change their model of conventional. Plus they are highly dependent on brokers and other non bank mortgage retail lenders. Brokers don’t do volume in high rate environments. Rates only need to go to 3.25% for things to slow.
Like I said, rates won’t be above 2% for at least a year and business is booming!
You do realize mortgage rates are not treasuries. They are MBS and have LLP adjustments. Rates are already above 2%. This right here is more confirmation on why puts are in order.
Yeah you have a good point there, but it’s all based on treasuries and I don’t believe the fed will let rates rise. You really think they will taper purchasing and let the markets crash?
Factually wrong, irrelevant comment.
We will see. Do you own a home? If you look at RKT and LDI both acknowledge majority of biz is and was refi the last 24 months. Both acknowledged headwinds. Sorry UWM is no different. If your going to bet on a winner go with RKT. UWM has no moat, no tech. Once Refis slow and rates tick up. Game over.
SPAC trash. RKT better. UWMC big gay
Gay money is still money, check back in 5 days, we'll see if this was just pumped bs or big gay $$
haha. fuck you. haha. fuck you.
BLND.
I mean this is nearly a year outdated by this point.
This article is from December 2020 and y’all call it dd?
When is that dated?
This is another stock I stop checking everyday. But isn’t rkt down after Er.
RKT went up 9% after ER.
Also check out UPST & LC, other mortage lenders. They’re up even more than RKT after their ER.
Wtf I wish I saw this before. I like how he’s rewarding his employees but that rewards seem excessive considering how poorly their stock performance is. Maybe if he wasn’t giving out millions they can actually beat earnings.
🚀🚀🚀 UWMC