UWM Holdings Surges to 495th in Trading Volume with 1.72 Billion Shares Exchanged

On April 2, 2025, UWM Holdings (UWMC) saw a significant surge in trading volume, with a total of 1.72 billion shares exchanged, marking a 612.37% increase from the previous day. This substantial trading activity placed UWM Holdings at the 495th position in the day's stock market rankings. The company's stock price rose by 8.22%.

UWM Holdings has made a strategic move by appointing Rami Hasani as its new Chief Financial Officer, effective April 1, 2025. Hasani succeeds Andrew Hubacker, who will transition to a senior advisor role within the company. This appointment is part of UWM Holdings' commitment to enhancing its financial stability and navigating the evolving financial landscape.

Hasani's extensive financial expertise will be crucial in overseeing the company's comprehensive financial operations, including accounting, reporting, compliance, tax, treasury, liquidity management, budgeting, and forecasting. His leadership is expected to guide UWM Holdings through its next phase of growth and development.

In addition to the leadership change, UWM Holdings has successfully completed a capital market initiative. The company's subsidiary, UWM Holdings, LLC, has priced an upsized offering of $800 million in senior notes, bearing an interest rate of 6.625% and set to mature in 2030. This upsizing from the initially planned $500 million offering reflects strong investor confidence and provides UWM Holdings with enhanced financial flexibility to pursue growth opportunities.

The senior notes are guaranteed by United Wholesale Mortgage, a wholly-owned subsidiary of UWM Holdings, further strengthening the company's financial position. This significant funding will bolster UWM Holdings' balance sheet and demonstrate its proactive approach to financial management, catering to both immediate and long-term business needs.

These strategic decisions, including the appointment of Rami Hasani and the successful senior notes offering, underscore UWM Holdings' commitment to maintaining its leadership position in the mortgage sector. The company aims to deliver value and stability to its stakeholders amidst the dynamic financial environment.