UWM Holdings Corporation (UWMC) Q2 2026 Earnings Call August 6, 2026 10:30 AM EDT
Company Participants
Mathew Ishbia – Chairman, President & CEO
Presentation
Mathew Ishbia
Chairman, President & CEO
[Audio Gap] go through every one of them, at least I’m trying to get through every one of them. Hopefully make it as effective for everyone as possible. Before I get into that, obviously, from a second quarter perspective, operating income, over $180 million EBITDA — adjusted EBITDA along with about $40 billion of business. We feel really good about UWM and the strength of the broker channel and the growth of the broker channel. So we feel great about where that’s at.
Question-and-Answer Session
Mathew Ishbia
Chairman, President & CEO
Obviously, I got so many questions about Oaktree partnership, the dividend, Two Harbors, the hedging, we’re going to get through all that stuff, and I’ll try to get through it. Before I get into it, I wanted to start with the overall picture from where we are at UWM and the partnership with Oaktree. We feel great about Oaktree and the partnership that we have and are creating — and Oaktree is not just capital, they’re strategic partners of ours. They have MSR background, non-agency — like they have a lot of mortgage related, and they’re betting on housing, and they’re betting on UWM. And so we’re excited about the partnership and what it’s going to do for our business long term, and that’s what we always think about is how do we dominate long term. The mortgage market has been tough for the last 5 years now. And UWM has consistently made operating income. And Two Harbors have recognized the strength of our business and says, hey, how can we take this to the next level.
And from