Portnoy Law Firm Announces Class Action on Behalf of UWM Holdings Corporation Investors
LOS ANGELES, Sept. 01, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises UWM Holdings Corporation, (“UWM” or the
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LOS ANGELES, Sept. 01, 2026 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises UWM Holdings Corporation, (“UWM” or the “Company”) (NYSE: UWMC) investors of a class action on behalf of investors that bought securities between March 9, 2026 – August 5, 2026, inclusive (the “Class Period”). UWM investors have until October 13, 2026 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/UWM-holdings-corporation. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
UWM engages in the origination, sale, and servicing residential mortgage lending. According to the complaint, in December 2025, UWM and Two Harbors Investment Corp. signed an all-stock merger agreement valued at $1.3 billion to expand UWM’s mortgage servicing rights. Allegedly, in March 2026, Two Harbors Investment Corp. terminated the UWM agreement due to a competing offer and agreed to pay UWM’s termination fee.
The UWM class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) UWM had deviated from its traditional strategy of not hedging its mortgage servicing rights to take a major hedge position; (ii) UWM over-hedged itself in anticipation of the Two Harbors Investment Corp. transaction; (iii) UWM’s purported efforts to balance its risk in fact created an excess hedging risk; and (iv) that, as a result of the foregoing, defendants’ positive statements about UWM’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On August 5, 2026, after the market closed, UWM reported second quarter fiscal year 2026 financial results, allegedly including a nearly $603.2 million interest rate derivatives loss which contributed to a $451.9 million second quarter net loss, and that total equity fell 43.6% year over year, reflecting the net loss and derivative-related charges. Then, on August 6, 2026, UWM held an earnings call in connection with its second quarter 2026 financial results. According to the complaint, UWM’s Chief Executive Officer, Mathew Ishbia, disclosed “[w]e were over-hedged, if you think of it that way, protecting against the Two Harbors transaction” and that “[w]e don’t traditionally hedge our MSRs [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 happen[ed]…and then obviously, the Two Harbors transaction went away. And so a confluence of events that created a hedge loss.” On this news, the price of UWM shares fell nearly 35%, according to the complaint.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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