Latest news with #UWM
Yahoo
3 days ago
- Yahoo
'Mass shooting' thwarted at Michigan high school graduation; 2 suspects arrested, officials say
What began as a fist fight at a high school graduation in Michigan on Tuesday could have become a mass shooting, officials said. Oakland County authorities now have two suspects in custody in connection with the attempt at the Arts and Technology Academy of Pontiac (ATAP) graduation, officials said on Friday. Sheriff Michael Bouchard announced in a press conference Friday afternoon authorities were searching for 20-year-old Jamarion Jaryante Hardiman, who is currently on probation for a weapons offense. Hardiman has since been located. Another 19-year-old suspect is in custody, whose identity is not being released until charges are filed. Bouchard said the 19-year-old suspect also has a criminal history involving weapons. Neither suspect has been charged yet. Oakland County Sheriff deputies were initially dispatched at 6:40 p.m. to the graduation held at the United Wholesale Mortgage (UWM) sports complex for a fight. A person approached deputies at the scene and informed them a family member had seen a threat posted on Snapchat to shoot up the ceremony, Bouchard said. Authorities are not sure of the post's specific wording, as it has been taken down, but witnesses said it was along the lines of "was going to shoot up the crowd," Bouchard said. The two suspects, both Pontiac residents, were identified as individuals who were part of the fight and had been seen putting packages under cars in the parking lot when authorities arrived, according to Bouchard. Working with the UWM security team and their camera system, officials recovered two fully-loaded weapons at the scene. Each weapon had a 40-round magazine. "So just those two weapons without changing magazines, had 80 rounds of potential firepower," Bouchard said. "Shooting into a graduation, you can only imagine the outcome of that." One of the suspects, who Bouchard did not specify, was carrying a pink, AR-style pistol with the loaded magazine in a backpack that was stashed under a vehicle when officers arrived. The other weapon recovered was a Glock semi-automatic handgun with a 40-round stick magazine. It is unknown if the suspects once attended the charter school, but Bouchard said they did have friends and relatives at the graduation and "ongoing disputes with individuals in the community." The sheriff said the motive behind the attempted shooting is unclear. The other parties involved in the disputes are not cooperating with authorities, according to Bouchard. "While a brief physical altercation did take place inside the venue, it was quickly handled by staff and security, and those involved were promptly removed," the school wrote in a social media post. "Thankfully, no one within the ceremony was harmed, and we were able to continue and complete our beautiful commencement celebration without further disruption." This article was originally published on
NBC News
3 days ago
- NBC News
'Mass shooting' thwarted at Michigan high school graduation; one suspect arrested, another at large, officials say
What began as a fist fight at a high school graduation in Michigan on Tuesday has turned into a search for a 20-year-old suspect in what officials are calling a prevented mass shooting attempt. Oakland County authorities are searching for 20-year-old Jamarion Jaryante Hardiman — who is currently on probation for a weapons offense — in connection with the attempt at the Arts and Technology Academy of Pontiac (ATAP) graduation, Sheriff Michael Bouchard announced in a press conference on Friday. Another 19-year-old suspect is in custody, whose identity is not being released until charges are filed. Bouchard said the 19-year-old suspect also has a criminal history involving weapons. Oakland County Sheriff deputies were initially dispatched at 6:40 p.m. to the graduation held at the United Wholesale Mortgage (UWM) property for a fight. A person approached deputies at the scene and informed them a family member had seen a threat posted on Snapchat to shoot up the ceremony, Bouchard said. Authorities are not sure of the post's specific wording, as it has been taken down, but witnesses said it was along the lines of "was going to shoot up the crowd," Bouchard said. The two suspects, both Pontiac residents, were identified as individuals who were part of the fight and had been seen putting packages under cars in the parking lot when authorities arrived, according to Bouchard. Working with the UWM security team and their camera system, officials recovered two fully-loaded weapons at the scene. Each weapon also had a 40-round magazine. "So just those two weapons without changing magazines, had 80 rounds of potential firepower," Bouchard said. "Shooting into a graduation, you can only imagine the outcome of that." One of the suspects, who Bouchard did not specify, was carrying a pink, AR-style pistol with the loaded magazine in a backpack that was stashed under a vehicle when officers arrived. The other weapon recovered was a Glock semi-automatic handgun with a 40-round stick magazine. It is unknown if the suspects once attended the charter school, but Bouchard said they did have friends and relatives at the graduation and "ongoing disputes with individuals in the community." The sheriff said the motive behind the attempted shooting is unclear. The other parties involved in the disputes are not cooperating with authorities, according to Bouchard. "While a brief physical altercation did take place inside the venue, it was quickly handled by staff and security, and those involved were promptly removed," the school wrote in a social media post. "Thankfully, no one within the ceremony was harmed, and we were able to continue and complete our beautiful commencement celebration without further disruption." The 19-year-old suspect fled the scene, but was found after the graduation. Bouchard said he is 'confident' Hardiman will be located. Authorities are asking anyone with information regarding Hardiman's whereabouts to call 911. Bouchard advised community members not to try to apprehend or approach the suspect. When asked by reporters if Bouchard had anything to say to Hardiman, he replied: 'Turn yourself in. One way or another we're going to get you. Make it easier on yourself and the community.'
Yahoo
06-05-2025
- Business
- Yahoo
Intercontinental Exchange (NYSE:ICE) Enhances Bond Trading With New Price Improvement Protocol
Intercontinental Exchange recently introduced its innovative Price Improvement Volume Clearing (PIVC) to enhance corporate bond trading, marking a significant product-related announcement. Along with a successful quarterly earnings report and increased dividend, ICE's 11% price rise over the past month aligns with broader positive market trends, which saw a 2% climb. ICE's notable trading volumes and strategic partnerships, such as the UWM and Forge Global agreements, likely supported investor confidence despite overall market uncertainties, such as tariff concerns. The dividend increase and robust Q1 financial performance might also have contributed to bolstering ICE's shares against market volatility. Be aware that Intercontinental Exchange is showing 2 weaknesses in our investment analysis. NYSE:ICE Earnings Per Share Growth as at May 2025 Uncover 15 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. The introduction of Intercontinental Exchange's (NYSE:ICE) Price Improvement Volume Clearing system could enhance trading efficiency and attract more market participants, potentially boosting revenue in the corporate bond sector. This aligns with the broader narrative of ICE expanding its market share through strategic acquisitions and technological advancements, including the integration of Black Knight to bolster its Mortgage Technology segment. Reflecting on the company's longer-term performance, ICE's total shareholder return, which includes both share price appreciation and dividends, was 97.24% over the past five years. This indicates substantial returns for investors compared to the US market's 9.3% return over the past year. However, ICE's performance lagged behind the Capital Markets industry, which returned 20% over the same one-year period. The recent product announcement, coupled with the positive quarterly earnings report, may influence analysts to reassess their revenue and earnings projections, with an anticipated annual revenue growth of 5.3% and earnings growth of 9.17% annually. Considering the current share price of US$166.33, it is trading at an approximate 11.2% discount to the consensus analyst price target of US$187.31. The introduction of new products and partnerships could justify this upside in price, assuming analysts' growth projections are met. Take a closer look at Intercontinental Exchange's potential here in our financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Business Wire
30-04-2025
- Business
- Business Wire
United Wholesale Mortgage Selects ICE Mortgage Technology to Power In-House Servicing Strategy
ATLANTA & PONTIAC, Mich.--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that United Wholesale Mortgage (UWM) has signed a long-term agreement to license ICE Mortgage Technology's industry-leading MSP® loan servicing system. Selecting MSP will allow the nation's largest mortgage lender to bring its servicing operations in-house with a modern, comprehensive solution that streamlines the entire servicing process. Operating exclusively through the wholesale channel, UWM's shift to in-house servicing will enable it to curate a homeowner experience that yields increased recapture and referral business for its mortgage broker network. UWM selected MSP for the system's powerful features, scalability and capacity to support outstanding customer service that fosters borrower retention, and the fact that ICE is an independent, neutral and proven technology provider. 'ICE Mortgage Technology is exclusively dedicated to serving businesses that power the housing finance economy,' said Tim Bowler, President of ICE Mortgage Technology. 'Our solutions simplify every stage of the loan lifecycle to promote a smoother, more efficient and more cost-effective mortgage experience for everyone involved. As a neutral provider of third-party software, lenders and servicers can rest assured that we will always be in their corner, helping them support the American dream of homeownership and working to make them successful every day.' As part of the implementation of MSP, UWM will deploy ICE Servicing Digital™, an intuitive homeowner portal with robust retention and recapture features that keep borrowers engaged through the life of a loan, and ICE Loss Mitigation, which fully integrates with Servicing Digital to help homeowners facing hardship connect with assistance. Additionally, UWM will leverage ICE Customer Service to deliver timely homeowner support, ICE Automated Lien Release to streamline lien releases, and ICE's Servicing APIs to integrate its broader tech stack for improved operational efficiency. 'We are excited to partner with ICE Mortgage Technology to bring our servicing portfolio in-house. This is a huge win for UWM and, more importantly, the broker community,' said Mat Ishbia, Chairman, President and CEO of UWM. 'This will mean a better experience for borrowers and a stronger, stickier relationship with their brokers, which we believe could result in more repeat business and referrals — the foundation for long-term growth and success. While we are excited about the cost savings for UWM, we're even more excited about the opportunity to help brokers deepen their relationships with borrowers by leveraging MSP.' 'We are honored that UWM has entrusted us to supply the technology underpinning its new servicing strategy,' said Ben Jackson, President of ICE. 'By leveraging our platform and many of our complementary solutions, UWM will gain access to a powerful, scalable system for delivering a consistent, world-class servicing experience that drives repeat and referral business and supports homeownership in communities nationwide.' ICE Mortgage Technology delivers an end-to-end mortgage technology ecosystem that lowers costs, maximizes operational efficiency and creates new business opportunities for housing professionals. Built on a shared data standard, ICE Mortgage Technology's interconnected platform facilitates collaboration among mortgage stakeholders while automating workflows across the loan lifecycle. About UWM Holdings Corporation and United Wholesale Mortgage Headquartered in Pontiac, Michigan, UWM Holdings Corporation (UWMC) is the publicly traded indirect parent of United Wholesale Mortgage, LLC ('UWM'). UWM is the nation's largest home mortgage lender, despite exclusively originating mortgage loans through the wholesale channel. UWM has been the largest wholesale mortgage lender for 10 consecutive years and is also the largest purchase lender in the nation. With a culture of continuous innovation of technology and enhanced client experience, UWM leads the market by building upon its proprietary and exclusively licensed technology platforms, superior service and focused partnership with the independent mortgage broker community. UWM originates primarily conforming and government loans across all 50 states and the District of Columbia. For more information, visit or call 800-981-8898. NMLS #3038. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding UWMC's business that are not historical facts or statements are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see UWMC's Securities and Exchange Commission (SEC) filings. About Intercontinental Exchange Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading 'Key Information Documents (KIDS).' Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025.
Business Wire
29-04-2025
- Business
- Business Wire
UWM Holdings Corporation Announces Q1 2025 Earnings Conference Call
PONTIAC, Mich.--(BUSINESS WIRE)--UWM Holdings Corporation (NYSE:UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its first quarter 2025 financial results on Tuesday, May 6, 2025. A press release with financial highlights will be available on the company's Investor Relations website in the Earnings Release section. UWM will host a conference call for financial analysts and investors on Tuesday, May 6, 2025, at 10 a.m. EDT to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visiting: Please dial in at least 15 minutes in advance to ensure a timely connection to the call. Audio webcast, taped replay and transcript will be available on the UWM Investor Relations website. About UWM Holdings Corporation and United Wholesale Mortgage Headquartered in Pontiac, Michigan, UWM Holdings Corporation (UWMC) is the publicly traded indirect parent of United Wholesale Mortgage, LLC ('UWM'). UWM is the nation's largest home mortgage lender, despite exclusively originating mortgage loans through the wholesale channel. UWM has been the largest wholesale mortgage lender for 10 consecutive years and is also the largest purchase lender in the nation. With a culture of continuous innovation of technology and enhanced client experience, UWM leads the market by building upon its proprietary and exclusively licensed technology platforms, superior service and focused partnership with the independent mortgage broker community. UWM originates primarily conforming and government loans across all 50 states and the District of Columbia. For more information, visit or call 800-981-8898. NMLS #3038.
