Two Harbors Investment Corp.

UWM Holdings Faces Class Action Over $603M Hedging Loss

UWM Holdings Faces Class Action Over $603M Hedging Loss

San Diego – September 12, 2026 -- Investors who purchased UWM Holdings Corporation (NYSE: UWMC) securities between September 12, 2026 and September 12, 2026 have until September 12, 2026 to seek lead plaintiff status in a securities fraud class action filed against the mortgage lender.

UWM disclosed a $603.2 million derivatives loss tied to a failed merger hedge

The lawsuit, captioned Bond v. UWM Holdings Corporation, No. 26-cv-12862 (E.D. Mich.), alleges UWM and top executives violated the Securities Exchange Act of 1934 by concealing an outsized hedge position taken ahead of a since-collapsed $1.3 billion merger with Two Harbors Investment Corp. The all-stock deal, signed in December 2025 to expand UWM's mortgage servicing rights portfolio, was terminated by Two Harbors in March 2026 after a competing offer emerged; Two Harbors paid UWM's termination fee.

UWM Holdings Sued Over Hedging Losses Tied to Failed Two Harbors Deal

UWM Holdings Sued Over Hedging Losses Tied to Failed Two Harbors Deal

New York – September 11, 2026 -- UWM Holdings Corporation (NYSE:UWMC) faces a securities fraud class action after its stock plunged 34.78% on September 11, 2026, following disclosures about an over-hedged mortgage servicing rights position tied to a collapsed $1.3 billion merger with Two Harbors Investment Corp.

Stock Falls to $1.20 After Hedge Loss Disclosure

Shares dropped $0.64, from a closing price of $1.84 on September 11, 2026, to $1.20 the following day. The decline followed UWM's disclosure that it had deviated from its traditional practice of not hedging mortgage servicing rights, taking on a hedge position to protect against risk from the anticipated acquisition of Two Harbors and its RoundPoint Mortgage Servicing unit.