Latest news with #UWMC
Yahoo
a day ago
- Business
- Yahoo
United Way of Mesa County to expand 'United to Solve Homelessness'
GRAND JUNCTION, Colo. (KREX) — On Monday, the United Way of Mesa County (UWMC) announced that it will be expanding its 'United to Solve Homelessness' initiative through a three-pronged approach to address the needs of the unhoused population and the community. The expansion will include the launch of a centralized homeless hotline, a new mobile outreach van, and the release of the 2025 ALICE (Asset Limited, Income Constrained, Employed) Report. The new homelessness hotline will be available to individuals experiencing homelessness and seeking support. With the hotline, individuals will be able to access resources, report concerns and coordinate services with community partners promptly. The hotline aims to help reduce barriers for those who are in crisis while offering local businesses an effective way to assist. The number for the new homelessness hotline is 970-773-7230. A mobile outreach van run by the United Way of Mesa County will bring supplies and services directly to homeless encampments and individuals. Teams will distribute water, food, hygiene kits and first aid while offering case management and ways to connect to housing and health services. The service will be a collaboration between UWMC, the City of Grand Junction Neighbor-2-Neighbor team and service providers across various organizations. 'This outreach van is a game-changer,' said UWMC Services and Outreach Coordinator Philip Masters. 'It allows us to meet people where they are—literally. Building trust and delivering care in the field is essential for helping people move from crisis to stability.' The 2025 ALICE Report collects county-by-county data to measure financial insecurity and the current financial landscape in Colorado. It allows UWMC to learn about the number of Mesa County residents who work but cannot afford basic needs and represent a growing population at risk of homelessness. With the data, United Way of Mesa County can identify gaps in support and address systemic barriers. For more information on the 2025 ALICE report or UWMC's initiatives, visit United Way of Mesa County's website at Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
03-06-2025
- Business
- Yahoo
Why UWM Holdings Corp. (UWMC) Crashed On Monday
We recently published a list of . In this article, we are going to take a look at where UWM Holdings Corp. (NYSE:UWMC) stands against other worst performers on Monday. UWM Holdings dropped its share prices by 4.88 percent on Monday to finish at $4.09 apiece, as investors repositioned portfolios to mitigate risks amid renewed global trade fears. For the past four trading days, shares of UWM Holdings Corp. (NYSE:UWMC) saw a rally in its shares following its win against Okavage Group over its 'All-In' initiative that prohibits mortgage brokers from working with competitors such as Rocket Mortgage and Fairway Independent Mortgage Corp. A woman examining her finances and a mortgage payment plan on her laptop. The new Court decision officially ended the two firms' four-year legal battle. In the first quarter of the year, UWM Holdings Corp. (NYSE:UWMC) swung to a net loss of $247 million from a net income of $180 million in the same period last year, and $40 million in the fourth quarter of 2024. Revenues, however, inched up by 4.79 percent to $613 million from $585 million year-on-year. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
United Way of Mower County announces annual fundraising results
May 16—$1.2 million raised, falling just short of $1.275 million goal United Way of Mower County (UWMC) has successfully concluded its annual Community Campaign, raising $1,208,394 to support vital nonprofit organizations throughout the area. The campaign just missed its goal of $1.275 million announced in September of last year. The successful campaign brings critical funding to 25 partner organizations operating 35 programs focused on education, health, financial stability, and basic needs across Mower County communities. "This remarkable achievement reflects not just the generosity of our donors, but the shared vision we have for a stronger, more resilient Mower County," said Molly Lanke, executive director of UWMC. "Each contribution represents a commitment to lifting up our neighbors and creating pathways to opportunity where barriers once stood." The campaign drew support from a broad coalition of over 2,600 individual donors, businesses, and foundations, demonstrating the community's dedication to addressing local challenges through collective action. "What makes this year's campaign especially meaningful is how our community continues to step up despite ongoing economic pressures," Lanke said. "When we unite around common goals, we multiply our impact far beyond what any single organization could achieve alone. These funds will transform lives in tangible, measurable ways throughout the coming year." UWMC's strategic investment approach ensures donations create sustainable solutions to community challenges while maximizing the impact of every dollar contributed. For comprehensive information about United Way of Mower County's impact, funded partners, programs, and the individuals who make it all possible, visit
Yahoo
17-04-2025
- Business
- Yahoo
Is UWM Holdings (UWMC) a Dividend Trap to Avoid in 2025?
We recently put together a list of . Here, we take a detailed look at UWM Holdings Corporation (NYSE:UWMC) and its ranking among the top 10 dividend trap stocks investors should avoid in 2025. During uncertain times, dividend stocks are often seen as a safe bet for investors to cushion the impact. In 2025, however, the cushion may be carrying more risk than reward. Shifting market conditions are revealing signs of trouble underneath the stocks, which were initially appreciated as reliable dividend payers. No, we are not talking just about volatility or short-term noise; we are talking about companies that would seem irresistible with their attractive yield but carry risks capable of eroding your capital. READ ALSO: . A thick fog of uncertainty rests over the investing climate in 2025. Earnings expectations for the large caps have been slashed at an alarming rate in the past few weeks alone. CNBC noted that some of the analysts, who initially predicted a 5% earnings growth for the market indices, have revised their estimation to a flat or even negative outcome by next month. Various companies have pulled their guidance together, reflecting not just caution but an absence of visibility to make the forecast. And by extension, the dividend-paying stocks have become trickier than before. What's the cause? The U.S. tariffs. President Trump, though, announced a 90-day tariff-pause on dozens of countries, slapped a whopping 145% tariff on Chinese goods into the U.S. China retaliated with a 125% tariff on U.S. imports, effectively sealing off a $650 billion trading corridor, which was considered a lifeline of multiple industries both in the U.S. and China. According to Reuters, this trade war between two of the largest economies in the world has sent ripples across the already shaken global asset markets. Companies, including the consistent dividend payers, are now facing cost shocks and a sharp decline in their profit margin, which are bound to affect the income of the investors. Shifts in investor sentiment are also becoming part of these challenges. Along with institutional investors, retail investors are also adopting a wait-and-see approach. Mergers and acquisitions processes are slowing down, capital expenditures are being slashed, and supply chains are being restructured to handle the current market issues rather than the long-term challenges. Recent earnings calls are showing the CFOs prioritizing liquidity and short-term cost optimization. These actions are highly likely to affect the dividends, as it is one of the easiest budget line items to slash. The situation underscores the importance of not blindly chasing after yields. High dividend yields could potentially be masking a weakness, including earnings fall, escalating debt, or unsustainable payout ratios. In this regard, attractive yields are becoming a trap that can lure investors, only to collapse under pressure when market conditions worsen. With uncertainty outweighing opportunity in 2025, it is immensely necessary to separate solid dividend plays from ticking time bombs. When putting together our list of top 10 dividend trap stocks to avoid, we have followed a few criteria. Primarily, we have set the minimum market cap at $2 billion since investors are less likely to fall for stocks with a smaller cap. The stocks that are on a declining trend have been considered for this article. Such low performance reflects issues within the business operations that have made an impact on the value of the stocks. Also, we have included only those stocks with a dividend yield of 5% or more to ensure that these stocks are attractive enough to lure investors. All our picks have a payout ratio of 100% or more, suggesting an earnings issue within the company, which the investors need to be aware of. All the data used in the article were taken from financial databases and analyst reports, with all information updated as of April 11, 2025. Our picks are ranked based on their dividend yield. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A woman examining her finances and a mortgage payment plan on her as United Wholesale Mortgage, UWM Holdings Corporation (NYSE:UWMC) is among the largest wholesale mortgage lenders in the U.S. The focus of the company is on residential mortgage origination through independent brokers. By offering competitive loan products with an emphasis on technology-based underwriting and processing, the Michigan-based company contends with top competitors like loanDepot. The broker-focused partnerships and low-cost operational models further help the company to stand out among its peers. The drop in share price by 31.50% in the 1-year period suggests that UWM Holdings Corporation (NYSE:UWMC)'s scalability and digital platform position are not highly effective in navigating interest rate fluctuations and housing market shifts. In addition to this, the earlier investments made on growth opportunities have caused the operating expenses for 2024 to surpass expectations. The company also faces the impact of the mortgage market decline, with home sales reaching their record low since 1995. With new tariff rates, the existing demand is expected to prevail throughout 2025, leading to some impact on the company's revenue growth. UWM Holdings Corporation (NYSE:UWMC)'s 7.23% dividend might attract income chasers, but the 307.69% payout ratio is likely to divert investors from this risky dividend stock because they are paying almost 3 times more than what they are earning. Overall, UWMC ranks 6th on our list of top dividend trap stocks investors should avoid in 2025. While we acknowledge the potential of UWMC, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than UWMC but trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
08-04-2025
- Business
- Yahoo
Why UWM Holdings Corporation (UWMC) Went Down On Monday?
We recently published a list of . In this article, we are going to take a look at where UWM Holdings Corporation (NYSE:UWMC) stands against other Chinese stocks that performed worst on Monday. Wall Street's main indices finished mixed on Monday as investors remained cautious amid the escalating trade tensions globally, with President Donald Trump threatening to slap China anew with a 50-percent tariff if the latter does not withdraw its countermeasure. The tech-heavy Nasdaq was the sole gainer during the day, up 0.10 percent. In contrast, the Dow Jones declined by 0.91 percent and the S&P 500 dropped by 0.23 percent. Meanwhile, 10 companies—predominantly Chinese stocks—were sold down as investors moved away to minimize the potential risks from the trade war. In this article, we have identified Monday's worst performers and detailed the reasons behind their drop. To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume. A woman examining her finances and a mortgage payment plan on her laptop. UWM Holdings Corp. declined for a third consecutive day on Monday, losing 10.85 percent to finish at $4.93 apiece as investor sentiment was dampened by news that mortgage rates have started falling in the aftermath of President Donald Trump's tariff policies. With the drop in consumer confidence and the escalating trade war, fears of an economic slowdown could lead to a slowdown in housing market activity, which in turn could affect UWMC's business operations. In recent news, UWMC named Rami Hasani as its new CFO, effective on April 1. He replaced Andrew Hubacker, who moved into a senior advisor role for the company. Hasani joined UWMC in November 2020 as vice president for financial reporting and compliance. 'Since joining UWM in 2020, he (Hasani) has been a valuable part of our team, and we have no doubt he will continue to make a significant impact in this new role,' said UWMC President and CEO Mat Ishbia. Overall, UWMC ranks 2nd on our list of Chinese stocks that performed worst on Monday. While we acknowledge the potential of UWMC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than UWMC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
