Gain on sale margin increased to 113 basis points, up 19 basis points from Q1 2025.
MSR portfolio stood at $211.2 billion UPB with a weighted average coupon of 5.51%.
Net income was $314.5 million, including a $111 million decline in fair value of MSRs.
Purchase originations totaled $27.3 billion, marking the third-best purchase quarter ever and tracking to over $100 billion for the year.
Refinance volume doubled year-over-year to $12.4 billion, representing about 11% of the industry volume despite owning only 2% of the servicing market.
Total equity increased to $1.7 billion and cash position was $490 million with total available liquidity of $2.2 billion.
UWM reported $39.7 billion in production volume for Q2 2025, the best quarter since 2021 and nearly 20% higher than Q2 2024.
Book value per common share increased to $33.18, and adjusted book value per share grew to $34.93.
Net investment income increased 20% year-over-year, supported by higher yields on fixed maturity investments.
Second quarter net income was $0.87 per diluted share, with adjusted operating income of $0.90 per diluted share.
The combined ratio improved by 9.2 points to 96.4%, with an underlying loss ratio improvement of 1.3 points to 57.6%.
UFG Insurance reported record net written premium of $373 million in Q2 2025, a 14% increase driven by improved retention, new business production, and rate increases.
Dafinchi