UWM Holdings Sued Over Second-Quarter Financial Losses
News related to:UWM Holdings Corporation · 2 min read
NEW YORK, Sept. 18, 2026 /CourierPR/ -- Kaplan Fox & Kilsheimer LLP has announced that a class action lawsuit has been filed against UWM Holdings Corporation (NYSE: UWMC) on behalf of investors who purchased or otherwise acquired UWM Holdings securities between March 9, 2026, and August 5, 2026.
The lawsuit alleges that on August 5, 2026, UWM Holdings reported second-quarter fiscal year 2026 financial results, which included a $603.2 million interest rate derivatives loss, contributing to a $451.9 million second-quarter net loss. Total equity also fell 43.6% year over year, reflecting the net loss and derivative-related charges.
On August 6, 2026, at 10:30 AM EDT, UWM Holdings held an earnings call in connection with its second-quarter 2026 financial results. During the call, Chief Executive Officer Mathew Ishbia disclosed, "We were over-hedged, if you think of it that way, protecting against the Two Harbors transaction. We don't traditionally hedge our mortgage servicing rights, but when you're going through and acquiring a company like Two Harbors and a massive MSR book, it created a little more risk. So, we did put a hedge on to protect against that risk, and then a lot of things happened, and then obviously, the Two Harbors transaction went away. And so a confluence of events that created a hedge loss."
The press release states that on this news, shares of UWM Holdings fell $0.64 or 34.78% to close at $1.20 on August 6, 2026, on unusually heavy trading volume.
Kaplan Fox & Kilsheimer LLP, a nationally recognized law firm, is handling the case. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
The firm is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Kaplan Fox has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America, the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act, $800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
If you are an investor in UWM Holdings and have suffered losses, you may contact Kaplan Fox & Kilsheimer LLP by emailing [email protected] or by calling (212) 329-8571. The deadline to move the court no later than October 13, 2026, to serve as a lead plaintiff for the purported class is approaching. If you have losses, you are encouraged to contact the firm to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.