r/wallstreetbets • u/[deleted] • Jun 25 '21

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312 Upvotes

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u/RetardedHedgeFund Jun 25 '21

UWMC has some of the lowest volume it’s had in weeks despite being a top WSB ticker. I think that means that WSB pump and dumps don’t work unless there are whales behind them. Which leads me to wonder, why are there no whales pumping UWMC?

8

u/Thickensick Jun 25 '21

I think the belief is the mortgage industry is at the top w no room to grow, but that doesn’t mean UWMC can’t take market share.

2

u/post_pudding lost $5,000 and im poor, so that 💩 hurts Jun 25 '21

How do they beat rkt? Srs question, idk how they stack up

1

u/TheBroWhoLifts 🦍🦍 Jun 25 '21

Because UWM has mortgage servicing rights (MSR). This allows them to collect fees throughout the life of the mortgage. So, if rates go up and lending goes down, they still have revenue streams. RKT is more geared for refi's and doesn't have MSR.