General World News

Is UWM’s plan to shed the “meme stock” label?

Mat Ishbia, president and CEO of United Wholesale Mortgage

Mat Ishbia and his family will slightly reduce their ownership of United Wholesale Mortgage (UWM), a step to make the company more attractive to long-term investors – and, hopefully, to leave behind the “meme stock” label, according to analysts who follow the wholesale lender. 

UWM Holdings Corporation announced on Tuesday that its controller shareholder SFS Holding Corp. – a holding firm controlled by Mat Ishbia and his father, Jeffrey Ishbia – is selling 50 million Class A common stocks on a secondary details ⇒

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