UWM investors face class action over hedging disclosures; lead-plaintiff deadline Oct. 13

  • Robbins Geller announced a class action against UWM Holdings over alleged hedging disclosures.
  • UWM reported a nearly $603.2 million derivatives loss and $451.9 million quarterly net loss.
  • Investors have until October 13, 2026, to seek appointment as lead plaintiff.

Robbins Geller Rudman & Dowd LLP announced that purchasers or acquirers of UWM Holdings Corporation securities from March 9, 2026, through August 5, 2026, may seek appointment as lead plaintiff in a proposed class action pending in the U.S. District Court for the Eastern District of Michigan. Captioned Bond v. UWM Holdings Corporation, No. 26-cv-12862, the case alleges that UWM and certain senior executive officers violated the Securities Exchange Act of 1934 by failing to disclose risks associated with a major hedge position on mortgage servicing rights. The complaint alleges that UWM over-hedged in anticipation of its planned $1.3 billion all-stock merger with Two Harbors Investment Corp., which Two Harbors later terminated in March 2026 after accepting a competing offer and agreed to pay UWM a termination fee. UWM reported a nearly $603.2 million interest-rate derivatives loss for the second quarter of fiscal 2026, contributing to a $451.9 million net loss, while total equity fell 43.6% year over year. UWM shares fell nearly 35% after the disclosures, according to the complaint. Investors have until Tuesday, October 13, 2026, to seek lead-plaintiff appointment, although participation in any potential recovery does not depend on serving in that role.

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