UWMC

EX-99.1

2 q32026ex-991prelimpressrel.htm

EX-99.1

Document

Exhibit 99.1

UWM Holdings Announces Preliminary Third Quarter 2026 Results

and Updated Financial Disclosure

PONTIAC, Mich., October 23, 2026 - UWM Holdings Corporation (NYSE: UWMC) (“UWMC”, the “Company” “we,” “our” and “us”), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), today announced certain preliminary operating and financial results for the quarter ended September 30, 2026, together with updated financial disclosure.

The Company is providing this information in advance of the commencement of the measurement period used to determine the subscription price under its previously announced rights offering so that investors have access to updated operating and financial information before the beginning of that period.

Preliminary Third Quarter 2026 Results

Based on its preliminary unaudited results for the quarter ended September 30, 2026, the Company expects to report the following operational and financial results:

•Loan origination volume of $33.4 billion, including $22.8 billion of purchase and $10.6 billion of refinance originations;

•Gain margin of approximately 124 basis points;

•Mortgage servicing rights portfolio unpaid principal balance of approximately $270 billion with a weighted average coupon of approximately 5.97% and weighted average servicing fee of approximately 40 basis points;

•Total Revenue between $800 to $825 million;

•Loan servicing income between $240 to $250 million;

•Loan production income between $410 to $420 million;

•Operating expenses (Total Expenses net of Interest Expense and Servicing Cost) of between $375 to $385 million;

•Net Income between $205 to $220 million;

•Adjusted EBITDA between $170 to $190 million;

•Total Preferred and Common Equity of approximately $2.8 billion at September 30, 2026; and

•Net non-funding debt to Total Preferred and Common Equity between 1.75x to 1.80x.

These amounts are preliminary estimates and may change as the Company completes its financial closing procedures for the quarter ended September 30, 2026.

Updated Financial Disclosure Regarding Full-Year 2026

In addition, the Company is also providing, and updating its disclosure of certain key operating and financial metrics for the full year and as of December 31, 2026.

Based on information currently available to management, the Company estimates that:

•The Company will originate approximately 8% of total residential mortgage production in the United States during 2026;

•The Company will end the year with an MSR portfolio between $210 billion and $230 billion in UPB;

•Total revenue for the year ending December 31, 2026 will be approximately $3.35 billion to $3.50 billion, lower than expected earlier in 2026 as a result of lower origination volume throughout the industry; and

•The Company will sell between $70 and $80 billion of MSRs in Q4 2026 with anticipated proceeds in excess of $1.8 billion. These proceeds, along with the $400 million of gross proceeds from the rights offering, will be used to support the ongoing paydown of non-funding debt.

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Preliminary Financial and Operational Results

The financial and operational information in this press release is selected, preliminary, estimated unaudited financial information for the three months ended September 30, 2026. These estimates have been prepared by, and are the responsibility of, management and have not been reviewed by the Company’s independent registered accounting firm. The preliminary financial and operational information set forth above is based solely on information available to the management of the Company as of the date hereof and is subject to change. The actual financial results of the Company for the quarter ended September 30, 2026, may differ (and such differences may be material) from these preliminary estimates due to the completion of the Company’s quarterly financial closing procedures, including the finalization of accounting analyses, valuations, adjustments and other matters that may arise before the Company reports its final results. The preliminary estimates presented above are subject to final adjustments and other developments that may arise between the date hereof and the time that the results for the quarter ended September 30, 2026 for the Company are finalized, and are not intended to be a comprehensive statement of our financial or operational results for the three months ended September 30, 2026. Accordingly, you should not place undue reliance on this preliminary estimated financial information, as it may differ materially from the actual results. As the Company completes its financial close process and finalizes its financial statements, and as its independent auditors complete their review of the Company’s financial statements, it is possible the Company may identify items that require adjustments to the preliminary financial and operational information set forth in this press release, and

EX-99.1

11 q22026ex-991pressrelease.htm

EX-99.1

Document

Exhibit 99.1

UWM Holdings Corporation Announces

Second Quarter 2026 Results

Loan Origination Volume of $39.7 Billion. Total Gain Margin of 133 Basis Points

Announcement of $2.05 Billion Equity Investment

PONTIAC, MI, August 5, 2026 - UWM Holdings Corporation (NYSE: UWMC) (“UWMC” or the “Company”), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), today announced its results for the second quarter ended June 30, 2026. Total loan origination volume was $39.7 billion for the second quarter 2026. The Company reported 2Q 26 total revenue of $888.0 million, net loss of $451.9 million and adjusted EBITDA of $185.9 million. The Company also announced a $2.05 billion equity capital investment by Oaktree Capital Management and SFS Group Capital, LLC, a newly formed investment vehicle wholly owned by the Ishbia family.

Mat Ishbia, Chairman, Chief Executive Officer and President of UWMC, said, “The second quarter was another quarter where we demonstrated the scale of our origination engine and industry leadership, as well as our continued commitment to serving the broker channel. I am also excited to announce our partnership with Oaktree. We’re taking decisive action to make UWM stronger, more liquid and better positioned to win for years to come. This is not just about capital. This is about bringing in a strategic partner that understands our business, understands MSRs, understands the mortgage industry and believes in the same long-term vision we have for UWM."

Second Quarter 2026 Highlights

•Originations of $39.7 billion in 2Q26, compared to $44.9 billion in 1Q26 and $39.7 billion in 2Q25

•Purchase originations of $23.8 billion in 2Q26, compared to $18.7 billion in 1Q26 and $27.3 billion in 2Q25

•Refinance originations of $15.9 billion in 2Q26, compared to $26.3 billion in 1Q26 and $12.4 billion in 2Q25

•Total gain margin of 133 bps in 2Q26 compared to 123 bps in 1Q26 and 113 bps in 2Q25

•Total revenue of $888.0 million in 2Q26 compared to $901.4 million in 1Q26 and $758.7 million in 2Q25

•Net loss of $451.9 million in 2Q26 compared to net income of $170.4 million in 1Q26 and net income of $314.5 million in 2Q25

•Adjusted EBITDA of $185.9 million in 2Q26 compared to $160.9 million in 1Q26 and $195.7 million in 2Q25

•Total equity of $1.0 billion at June 30, 2026, compared to $1.6 billion at March 31, 2026, and $1.7 billion at June 30, 2025

•Unpaid principal balance of MSRs of $247.6 billion with a WAC of 5.93% at June 30, 2026, compared to $229.5 billion with a WAC of 5.90% at March 31, 2026, and $211.2 billion with a WAC of 5.51% at June 30, 2025

•Ended 2Q26 with approximately $1.3 billion of available liquidity, reflecting $498.4 million of cash plus available borrowing capacity under our secured and unsecured lines of credit

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Production and Income Statement Highlights (dollars in thousands, except per share amounts)

Q2 2026

Q1 2026Q2 2025

Loan origination volume(1) $39,702,264$44,944,156 $39,744,514

Total gain margin(1)(2) 1.33%1.23 %1.13%

Total revenue $888,003 $901,427 $758,700

Net income (loss) (451,902)170,374314,479

Diluted earnings (loss) per share (0.24)0.090.11

Adjusted diluted earnings (loss) per share(3)

(0.23)N/A0.16

Adjusted net income (loss) (3) (366,756)137,154249,429

Adjusted EBITDA(3) 185,879160,909195,683

(1) Key operational metric (see discussion below)

(2) Represents total loan production income divided by loan origination volume

(3) Non-GAAP metric (see discussion and reconciliations below)

Balance Sheet Highlights as of Period-end (dollars in thousands)

Q2 2026

Q1 2026Q2 2025

Cash and cash equivalents$498,407 $423,996 $489,984

Mortgage loans at fair value9,619,076 10,991,101 8,040,310

Mortgage servicing rights5,311,465 4,591,855 3,445,195

Total assets17,940,542 19,266,244 13,886,889

Non-funding debt (1)

6,040,429 5,092,831 3,323,565

Total equity985,308 1,600,901 1,747,982

Non-funding debt to equity (1)

6.13 3.18 1.90

(1) Non-GAAP metric (see discussion and reconciliations below)

Mortgage Servicing Rights (dollars in thousands)

Q2 2026Q1 2026Q2 2025

Unpaid principal balance$247,648,881 $229,503,024 $211,237,964

Weighted average interest rate5.93 %5.90 %5.51 %

Weighted average age (months)12 17 19

Second Quarter Business and Product Highlights:

UWM LIVE!

•UWM hosted its annual UWM LIVE! event, the largest trade show in the mortgage industry, bringing together over 5,000 independent mortgage brokers and real estate agents from across the country to share industry insights, strengthen partnerships and explore new products and technology. The event highlighted UWM's continued investment in innovation and broker channel success.

Vantage Score 4.0

•UWM became the first mortgage lender to offer brokers access to both FICO® and VantageScore® for conventional loans. From inception to June 30, UWM originated $502 million in VantageScore® loans, representing 87% of all Va

EX-99.1

2 q12026ex-991pressrelease.htm

EX-99.1

Document

Exhibit 99.1

UWM Holdings Corporation Announces

First Quarter 2026 Results

Loan Origination Volume of $44.9 Billion; Net income of $170.4 million

PONTIAC, MI, May 6, 2026 - UWM Holdings Corporation (NYSE: UWMC) (“UWMC” or the “Company”), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), today announced its results for the first quarter ended March 31, 2026. Total loan origination volume was $44.9 billion for the first quarter 2026, up 39% year-over-year, and the second-highest first quarter production in company history. The Company reported 1Q26 total revenue of $901.4 million, net income of $170.4 million and adjusted EBITDA of $160.9 million.

Mat Ishbia, Chairman, Chief Executive Officer and President of UWMC, said, “Q1 was an exceptional quarter for UWM and our second‑best first quarter of all time. The last time we delivered results of this magnitude, interest rates were nearly 50% lower, which underscores the strength, scale and resilience of our business. Our team and broker partners executed at the highest level, using UWM’s proprietary technology and AI‑powered tools like Mia to win more loans, more efficiently, every day. We continue to move ahead of schedule with bringing servicing in‑house, and regardless of whether rates stay higher or move lower, we are positioned to keep winning as we are built to perform through all cycles. This quarter is a clear proof point of that.”

First Quarter 2026 Highlights

•Originations of $44.9 billion in 1Q26, compared to $49.6 billion in 4Q25 and $32.4 billion in 1Q25

•Purchase originations of $18.7 billion in 1Q26, compared to $18.9 billion in 4Q25 and $21.7 billion in 1Q25

•Refinance originations of $26.3 billion in 1Q26, compared to $30.7 billion in 4Q25 and $10.6 billion in 1Q25

•Total gain margin of 123 bps in 1Q26 compared to 122 bps in 4Q25 and 94 bps in 1Q25

•Total revenue of $901.4 million in 1Q26 compared to $945.2 million in 4Q25 and $613.4 million in 1Q25

•Net income of $170.4 million in 1Q26 compared to net income of $164.5 million in 4Q25 and net loss of $247.0 million in 1Q25

•Adjusted EBITDA of $160.9 million in 1Q26 compared to $232.8 million in 4Q25 and $57.8 million in 1Q25

•Total equity of $1.60 billion at March 31, 2026, compared to $1.59 billion at December 31, 2025, and $1.64 billion at March 31, 2025

•Unpaid principal balance of MSRs of $229.5 billion with a WAC of 5.90% at March 31, 2026, compared to $240.8 billion with a WAC of 5.65% at December 31, 2025, and $214.6 billion with a WAC of 5.44% at March 31, 2025

•Ended 1Q26 with approximately $1.3 billion of available liquidity, reflecting $424.0 million of cash plus available borrowing capacity under our secured and unsecured lines of credit

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Production and Income Statement Highlights (dollars in thousands, except per share amounts)

Q1 2026Q4 2025Q1 2025

Loan origination volume(1) $44,944,156$49,608,104$32,351,776

Total gain margin(1)(2) 1.23%1.22%0.94%

Total revenue $901,427 $945,247 $613,370

Net income (loss) 170,374164,484(247,028)

Diluted earnings (loss) per share 0.090.08(0.12)

Adjusted diluted earnings per share(3)

N/A

0.08N/A

Adjusted net income (loss) (3) 137,154130,561(195,300)

Adjusted EBITDA(3) 160,909232,77857,803

(1) Key operational metric (see discussion below)

(2) Represents total loan production income divided by loan origination volume

(3) Non-GAAP metric (see discussion and reconciliations below)

Balance Sheet Highlights as of Period-end (dollars in thousands)

Q1 2026Q4 2025Q1 2025

Cash and cash equivalents$423,996 $503,364 $485,024

Mortgage loans at fair value10,991,101 9,932,729 8,402,211

Mortgage servicing rights4,591,855 4,073,781 3,321,457

Total assets19,266,244 16,928,676 14,048,433

Non-funding debt (1)

5,092,831 4,292,940 3,149,687

Total equity1,600,901 1,593,629 1,635,349

Non-funding debt to equity (1)

3.18 2.69 1.93

(1) Non-GAAP metric (see discussion and reconciliations below)

Mortgage Servicing Rights (dollars in thousands)

Q1 2026Q4 2025Q1 2025

Unpaid principal balance$229,503,024 $240,813,979 $214,615,072

Weighted average interest rate5.90 %5.65 %5.44 %

Weighted average age (months)17 18 19

First Quarter Business and Product Highlights:

In-House Servicing Progress

•All new loans are now on UWM’s proprietary servicing platform and on pace to have substantially all loans serviced in-house by October 2026, ahead of the previously communicated timeline. This milestone is expected to drive meaningful improvements in borrower retention, expenses, and long-term shareholder value.

Bilt Built-In Rewards

•As part of UWM’s strategic collaboration with Bilt, a leading payments and rewards platform, UWM continues to roll out Built‑In Rewards, giving broker partners a powerful new way to differentiate themselves. With UWM now servicing loans in-house, borrowers can earn rewards automatically on every on‑time digital mortgage payment, redee