UWM Holdings lowers revenue outlook and plans servicing-rights sales

UWM Holdings Corporation has issued preliminary third-quarter estimates projecting revenue between $800 million and $825 million, a decrease from the $888 million recorded in the second quarter. The company also lowered its 2026 revenue guidance to a range of $3.35 billion to $3.50 billion, citing a broader industry trend of weaker mortgage origination activity.

To manage debt, UWM plans to sell mortgage servicing rights associated with $70 billion to $80 billion in balances during the fourth quarter, expecting proceeds to exceed $1.8 billion. These funds, combined with approximately $400 million from a rights offering, are intended to reduce non-funding debt.

Despite the lowered revenue outlook, UWM shares rose over 26% following the announcement. The company estimated third-quarter loan originations at $33.4 billion, consisting of $22.8 billion in purchase loans and $10.6 billion in refinances. Net income for the quarter is projected to be between $205 million and $220 million.