The nonbank generated $164.5 million of net income in the fourth quarter of 2025. But in a departure from norm, Mat Ishbia, president and CEO of UWM, didn’t take questions from stock analysts.

UWM first made an unsolicited bid for Two Harbors in December 2024. Three other companies subsequently made formal bids for Two Harbors, with UWM prevailing in December 2025.

The parent companies of Planet Home Lending and United Wholesale Mortgage were hit with rating moves by Fitch Ratings, which cited an increase in corporate leverage at the companies.

UWM is set to buy Two Harbors Investment in a $1.3 billion all-stock transaction; mortgage broker employment increases in October.

Purchase-mortgage endorsements accounted for 71.6% of volume, the highest level seen since the second quarter of 2024.

Refi activity at United Wholesale Mortgage and Rocket Mortgage in the third quarter overshadowed any competing lenders.

After years of appreciation, home prices are leveling off and could even decline.

Some lenders announced increases in their conforming loan limits before an official announcement from the Federal Housing Finance Agency for 2026 limits.

Bilt is a payments platform that offers rewards to consumers. The company recently received a $100 million investment from United Wholesale Mortgage at a valuation of $10.75 billion.

Rocket Mortgage, United Wholesale Mortgage to increase stock float; UWM launches tech offerings for brokers; Blend selling title insurance unit.