UWM Holdings Corporation faces a securities class action after its shares fell 34% on Aug. 6, 2026, when the mortgage lender reported a $451 million net loss, roughly $603 million in hedging losses and a 38% sequential decline in total equity. The disclosures followed UWM’s failed bid to acquire Two Harbors Investment Corp. for about $1.3 billion in UWM stock. Hagens Berman alleges UWM failed to disclose that it had over-hedged Two Harbors’ mortgage servicing rights, or MSR (rights to collect mortgage payments), and later agreed to a recapitalization plan that would significantly dilute existing shareholders. The proposed class period runs from March 9 through Aug. 5, 2026, with a lead plaintiff deadline of Oct. 13, 2026. The firm is also seeking information from investors and potential whistleblowers.