UWM Holdings shares fell $0.64, or 34.78%, to close at $1.20 on Aug. 6, 2026, after Chief Executive Officer Mathew Ishbia disclosed that the company had been over-hedged in anticipation of its planned Two Harbors transaction. UWM reported a $603.2 million interest rate derivatives loss and a $451.9 million second-quarter net loss after the $1.3 billion all-stock merger was terminated following a competing offer from CrossCountry Mortgage. Glancy Prongay Wolke & Rotter LLP says investors who purchased UWM securities between March 9 and Aug. 5, 2026, inclusive, may seek lead-plaintiff appointment by Oct. 13. The complaint alleges that UWM failed to disclose its major mortgage-servicing-rights hedge, the resulting excess hedging risk and related effects on its business and prospects.