Kaplan Fox & Kilsheimer LLP has filed a proposed investor class action against UWM Holdings Corporation (NYSE: UWMC) for investors who purchased or otherwise acquired the company’s securities between March 9, 2026, and August 5, 2026. The complaint alleges that UWM Holdings failed to disclose it had departed from its traditional practice of not hedging mortgage servicing rights (MSRs) and had taken an oversized hedge position in anticipation of the Two Harbors transaction. On August 5, 2026, after the market closed, the company reported a $603.2 million interest rate derivatives loss that contributed to a $451.9 million second-quarter net loss. Total equity declined 43.6% year over year. During an August 6 earnings call, Chief Executive Officer Mathew Ishbia said the company was over-hedged while protecting against the Two Harbors transaction and that the transaction’s disappearance, along with other events, created a hedge loss. UWM Holdings shares fell $0.64, or 34.78%, to close at $1.20 on August 6 on unusually heavy trading volume. Investors seeking to serve as lead plaintiff must move the court by October 13, 2026, although participation in that process is not required to share in any possible recovery.