Posted To: Pipeline Press

Is Better.com worth $7.7 billion , as indicated by the SPAC deal announced yesterday? I guess things are worth the price at which a willing buyer and seller transact. For comparison, the book value of Rocket is $34 billion, UWM $10.9 billion, Guild Mortgage $876 million. I mention Guild because of its acquisition news from yesterday, noted below. And I mention Rocket because of the UWM earnings call yesterday where CEO Mat Ishbia listed off the wholesaler’s accomplishments in the first quarter. UWM Holdings’ stock price, however, is trading near its all time low, its dividend yield is approaching 6 percent, and it is the defendant in a well-publicized lawsuit filed by brokers. Every lender, public or private, is watching economic trends in their areas: record low inventory, builders…(read more)

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Source: Mortgage News Daily