United Wholesale Mortgage (UWM) CEO Mat Ishbia said on the company’s fourth-quarter 2024 earnings call that President Donald Trump would be a huge boost to the mortgage industry.

While that may turn out to be true over the long term, Trump’s trade war hasn’t done shareholders any favors in the near term.

Since Trump unveiled his aggressive global tariff regime on April 2 — which he dubbed “Liberation Day” — UWM’s stock has fallen 15%, more than any other publicly traded mortgage lender.

But it’s not just UWM that’s hurting. Of the nine mortgage lenders analyzed by HousingWire, everyone’s details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com