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Here's Why UWM Corp. Is Optimistic About the Future

TheMotleyFool

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Here's Why UWM Corp. Is Optimistic About the Future: https://g.foolcdn.com/editorial/images/696383/mortgage-loan-application.jpg

The mortgage banking business is a story of feast and famine. The past two years have been a feast after the Federal Reserve cut rates to zero in order to stimulate the economy, which triggered a boom in refinance activity. The party ended in late 2021, and since then the mortgage industry has seen volumes get cut in half, which has triggered a wave of layoffs and companies exiting portions of the business.

Despite a challenging environment, UWM Corp. (NYSE: UWMC), the parent of United Wholesale, is aggressively working to take market share and is optimistic about what the future looks like for its brand of mortgage banking.

Image source: Getty Images.

Source Fool.com

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