UWM HOLDINGS CORP : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

On March 20, 2023, United Wholesale Mortgage, LLC ("UWM"), an indirect
subsidiary of UWM Holdings Corporation (the "Company"), entered into the Credit
Agreement (the "MSR Credit Agreement"), as borrower, with Goldman Sachs Bank
USA, as administrative agent (the "Agent"), and the lender parties from time to
time parties thereto (the "Lenders"), providing UWM with, up to, a $500 million
facility to finance the origination, acquisition or holding of certain mortgage
servicing rights (the "GNMA MSR Facility"). The GNMA MSR Facility is
collateralized by all mortgage servicing rights owned by UWM that are
appurtenant to mortgage loans pooled in securitization by Government National
Mortgage Association that meet the criteria set forth in the MSR Credit
Agreement. Availability under the GNMA MSR Facility is calculated based on the
market value of the collateral. The GNMA MSR Facility is uncommitted.

Interest on outstanding borrowings under the GNMA MSR Facility will accrue at
the one-month secured overnight financing rate or the Alternate Rate (as defined
in the MSR Credit Agreement) plus an applicable margin. All amounts outstanding
under the GNMA MSR Facility are due and payable on March 20, 2025.

The MSR Credit Agreement contains certain customary affirmative and negative
covenants and restrictions that, among other things, require delivery of
specified financial reports and notices upon the occurrence of certain events,
restrict UWM's ability to consolidate, merge, sell, or otherwise dispose of all
or substantially all of its assets and enter into certain transactions with its
affiliates, and limit the ability of UWM to pay dividends on or make
distributions in respect of its equity securities if a potential event of
default or an event of default exists or will exist after giving effect thereto.
UWM is also subject to certain financial maintenance covenants under the MSR
Credit Agreement, which require UWM to not exceed a specified ratio of debt to
tangible net worth at the end of each calendar month, to maintain certain
minimum liquidity and tangible net worth requirements, and to maintain a minimum
quarterly net income. In addition, the MSR Credit Agreement contains customary
events of default, including, but not limited to, the failure of UWM to pay
interest or principal when due, failure to comply with the regulatory
requirements associated with its business operations, failure to comply with
certain covenants which remain unremedied for a specified period, the unremedied
termination of a UWM subservicer, the failure of the Lender to have a perfected
security interest in the collateral and certain insolvency events. If UWM fails
to perform its obligations under its covenants or should any event of default
occur, the commitments under the MSR Credit Agreement may be terminated and any
outstanding advances and other obligations, together with accrued interest,
under the MSR Credit Agreement could be declared immediately due and payable.

The Agent and Lender and certain affiliates of the Agent and Lender have
performed commercial banking, investment banking, or advisory services for UWM
or the Company from time to time for which they have received customary fees and
reimbursement of expenses. In addition, these entities may, from time to time,
engage in transactions with and perform services for UWM or the Company in the
ordinary course of its business for which they may receive customary fees and
reimbursement of expenses.

The foregoing description of the MSR Credit Agreement does not purport to be
complete and is qualified in its entirety by reference to the full text of the
MSR Credit Agreement attached hereto as Exhibit 10.23, which is incorporated
herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information set forth under Item 1.01 is incorporated by reference herein.

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Item 9.01 Financial Statements and Exhibits.

(d) Exhibits
   Exhibit
     No.             Description

10.23*#                Credit Agreement, dated March 20, 2023, between

United Wholesale Mortgage, LLC,

                     as borrower, and Goldman Sachs Bank USA, as 

administrative agent, and the lenders

                     from time to time party th    e    reto.

104                    Cover Page Interactive Data File (embedded within 

the Inline XBRL document)

*                    Certain of the exhibits and schedules to this exhibit 

have been omitted in

                     accordance with Regulation S-K Item 601(a)(5) or Item 

601(b)(2). The Registrant

                     agrees to furnish a copy of all omitted exhibits and 

schedules to the SEC upon

                     its request.

#                    Certain confidential portions of this exhibit were 

omitted by means of marking

                     portions with brackets and asterisks because the 

identified confidential portions

                     (i) are not material and (ii) would be competitively 

harmful if publicly

                     disclosed, or constituted personally identifiable 

information that is not

                     material.

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