UWM Holdings Corporation (UWMC) shares fell 35% last week and are down about 70% this year after the company disclosed a roughly $600 million loss from an ill-timed wager, suspended common-stock payouts and turned to Oaktree Capital Management for financing. The setback adds to pressure from elevated mortgage rates and compounds earlier reporting that described the hit as a $603 million hedge loss tied to a failed deal, even though the company maintained a profitable core business in Q2.