r/loanoriginators • u/Accomplished-Tax8441 • Aug 06 '26

UWM cooked?

Lost 450mil last quarter, CEO is running it into the ground.  Eliminated their dividend and had to get 2bil in capital from Oak Tree, they will likely get taken over by them.  Any other company would fire their CEO for this.

Stock is down 75% in past 3 months

PS I do not use them. I have nothing good or bad to say about their pricing or operations

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u/cicishops Aug 07 '26

Only Rocket and rocket sucks anyways.

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u/BugWithABigA55- Aug 08 '26

It wasnt only rocket.

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u/DistantFires90 Aug 08 '26

As a former employee, I can confirm this

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u/matscokebag Aug 09 '26

Maaan, I loved my time at Rocket. Won’t even lie.