UWM Holdings Corporation investors who bought or acquired securities between March 9, 2026 and August 5, 2026 have until October 13, 2026 to ask the court to appoint them lead plaintiff in a securities class action, Rosen Law Firm said. The suit alleges UWM made materially false or misleading statements, or failed to disclose material information, about its mortgage servicing rights hedging strategy tied to the ended Two Harbors transaction. The complaint centers on UWM's handling of mortgage servicing rights, or MSRs, after a December 2025 all-stock merger agreement with Two Harbors Investment Corp. valued at $1.3 billion. It alleges that after Two Harbors terminated the agreement in March 2026 because of a competing offer and paid UWM a termination fee, UWM had already taken a major hedge position despite its traditional strategy of not hedging MSRs. Plaintiffs claim the company over-hedged in anticipation of the transaction, creating excess risk rather than balancing it, which made positive statements about the business and outlook materially misleading. The filing points to UWM's August 5, 2026 second-quarter fiscal 2026 results, which allegedly included a nearly $603.2 million interest rate derivatives loss that contributed to a $451.9 million quarterly net loss, while total equity fell 43.6% from a year earlier. On an August 6 earnings call, Chief Executive Officer Mathew Ishbia said, "[w]e were over-hedged, if you think of it that way, protecting against the Two Harbors transaction" and said UWM does not traditionally hedge its MSRs but did so because the planned acquisition of a large MSR book created added risk. The complaint says UWM shares fell nearly 35% on the news. Rosen said a class action lawsuit has already been filed and that investors may remain absent class members while still sharing in any potential recovery if one is obtained.