UWM Holdings misses top-line and bottom-line estimates; initiates Q3 outlook

• UWM Holdings press release (NYSE:UWMC): Q2 Non-GAAP EPS of $0.04 misses by $0.02.
• Revenue of $507.09M (-13.7% Y/Y) misses by $31.12M.
• Originations of $33.6 billion in 2Q24, compared to $27.6 billion in 1Q24 and $31.8 billion in 2Q23.
• Purchase originations