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    Jordan Jay

    Research Analyst at Philly Financial

    No publicly available information was found linking Jordan Jay to the role of analyst or any other position at Philly Financial, nor to any performance metrics, companies covered, or professional credentials associated with such a profile. Extensive searches did not reveal a LinkedIn profile, industry recognition, or verified employment history matching those criteria. Therefore, it appears Jordan Jay either does not hold this position, is not a public-facing analyst, or the profile details are not accessible through professional directories and search platforms.

    Jordan Jay's questions to UWM Holdings (UWMC) leadership

    Jordan Jay's questions to UWM Holdings (UWMC) leadership • Q3 2024

    Question

    Jordan Jay from Philly Financial asked what the Q4 margin guidance might have been if interest rates had remained at their lower September levels. He also questioned the impact of the widening mortgage-to-treasury spread on potential margins.

    Answer

    Chairman and CEO Mathew Ishbia responded that while he couldn't give an exact number, the margin guidance would have been higher, likely 'a level or two' up, as margins rise when the 10-year Treasury yield falls. He acknowledged that the mortgage-to-treasury spread is also a key variable and that a narrowing of this spread could also lead to wider margins.

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