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Regardless of decrease income, complete mortgage origination quantity for Q2 2024 reached $33.6 billion, up from $27.6 billion within the first quarter and $31.8 billion a 12 months in the past. Buy originations accounted for $27.2 billion of the whole quantity.
“Trade quantity within the first half of 2024 versus 2023 is about the identical,” mentioned Ishbia. “Most individuals live within the purchase-driven market, however there’s nonetheless super upside that lies forward.”
UWMC reported a complete acquire margin of 106 foundation factors, up from 88 foundation factors within the second quarter of 2023. Adjusted EBITDA got here in at $133.1 million, in comparison with $125.4 million in the identical interval final 12 months.
The lender ended the second quarter with roughly $2.7 billion of accessible liquidity, together with $680.2 million in money and obtainable borrowing capability underneath secured and unsecured traces of credit score.
Wanting forward, UWMC anticipates third-quarter origination quantity between $31 billion and $38 billion, with a acquire margin starting from 85 to 110 foundation factors.
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