U.S. Consumer Finance: Mortgage Read-Thrus from BAC, JPM, and WFC Results

Research evidence excerpt

U.S. Consumer Finance: Mortgage Read-Thrus from BAC, JPM, and WFC Results

Barclays | U.S. Consumer Finance

Risks which May Impede the Achievement of the Barclays Research Valuation and Price Target: If UWMC is unable to maintain its market share,

there could be downside to our earnings estimates. Additionally, an overall weaker macro could result in softer origination volumes and put further

pressure on leverage. There are also execution risks with technology investments and in house servicing.

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