Kaplan Fox & Kilsheimer LLP announced that a securities class action has been filed against UWM Holdings Corporation on behalf of investors who purchased or otherwise acquired the company's securities between March 9, 2026, and Aug. 5, 2026. The complaint alleges that UWM departed from its traditional practice of not hedging mortgage servicing rights and took an oversized hedge position ahead of the planned Two Harbors transaction. UWM reported a $603.2 million interest rate derivatives loss and a $451.9 million second-quarter net loss on Aug. 5, after the market closed; its total equity fell 43.6% from a year earlier. Shares dropped $0.64, or 34.78%, to close at $1.20 on Aug. 6 after Chief Executive Officer Mathew Ishbia discussed the hedge and the abandoned transaction on an earnings call. Investors have until Oct. 13, 2026, to ask the court to appoint them as lead plaintiff, although that role is not required to participate in any potential recovery. The proposed class has not yet been certified.