A securities class action has been filed on behalf of investors who purchased or otherwise acquired UWM Holdings Corporation securities between March 9, 2026, and August 5, 2026. The complaint alleges that UWM over-hedged its mortgage servicing rights (rights to collect mortgage payments) while preparing for its planned acquisition of Two Harbors Investment Corp. The all-stock transaction, valued at $1.3 billion, was terminated by Two Harbors in March 2026 after CrossCountry Mortgage made a competing cash offer and agreed to pay UWM's termination fee. UWM later reported a $603.2 million interest-rate derivatives loss that contributed to a $451.9 million second-quarter net loss. After CEO Mathew Ishbia disclosed that the company had been over-hedged to protect against the transaction, UWMC shares fell $0.64, or 34.78%, to close at $1.20 on August 6. Investors with losses may contact Robbins LLP before the October 13, 2026, lead-plaintiff deadline. The firm says it represents investors on a contingency-fee basis, with fees and litigation expenses payable by defendants only if there is a recovery.