UWM Holdings Corporation faces securities class action allegations and an investigation by Hagens Berman after disclosing a roughly $603 million hedging loss linked to its failed attempt to acquire Two Harbors Investment Corp. UWM announced the proposed $1.3 billion all-stock merger in December 2025 and entered hedging transactions against Two Harbors’ mortgage servicing rights portfolio. Two Harbors later terminated the agreement after accepting a cash proposal from CrossCountry Mortgage. UWM reported a $451 million net loss, a sequential equity decline of about $615 million, and a plan for a massively dilutive recapitalization. Its shares fell about 34% on August 6, 2026, while the stock declined about 75% from the merger announcement through that date. The class period runs from March 9 through August 5, 2026, and investors have until October 13 to seek lead-plaintiff status.