United Wholesale Mortgage (UWM), the largest originator in America, produced $32.4 billion in mortgages in the first quarter of 2025, capitalizing on a brief decline in interest rates that spurred a wave of refinance activity. This production volume represents a 17% increase compared to the same period last year, and UWM expects even stronger results in the current quarter.
The economic headwinds facing real estate brokerages keep piling up, and it’s taking a toll on RE/MAX.
On its first-quarter 2025 earnings call Friday morning, the company disclosed year-over-year declines in revenue, U.S. agent count and operating cash flow, leading to a net income loss of $3.2 million.
Freddie Mac announced Thursday that it earned net income of $2.8 billion in the first quarter of 2025, a 1% annual increase.
The government-sponsored enterprise (GSE) also posted net revenues of $5.9 billion from January through March, an increase of 2% year over year, which the company said was primarily driven by higher net interest income and partially offset by lower non-interest income.
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