UWM Holdings Hit With Class Action Over $603M Hedge Loss, 75% Stock Drop
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San Francisco – September 10, 2026 -- UWM Holdings Corporation (NYSE: UWMC) shares have fallen roughly 75%, or about $3.65, since December 17, 2025, after the mortgage lender disclosed a $603 million hedging loss tied to its collapsed bid for Two Harbors Investment Corp. Law firm Hagens Berman is investigating a securities class action against UWM covering the period March 9, 2026 through August 5, 2026, with a lead plaintiff deadline of October 13, 2026.
UWM's stock cratered 34% in a single session on August 6, 2026
The drop followed disclosures of a $451 million net loss and a roughly $603 million hedging loss for the quarter. Management acknowledged for the first time that the company was "over-hedged" after the Two Harbors transaction "went away," according to the complaint.