United Wholesale Mortgage Shares Plunge 35% After Big Loss, Capital Infusion -- WSJ
Dow Jones2026/08/06 20:31By Ben Glickman
One of the country's largest mortgage originators is in hot water.
Shares of the parent company of United Wholesale Mortgage fell 35% to an all-time low on Thursday, after the company reported a steep loss in the second quarter, suspended its dividend and announced a new capital infusion.
UWM Holdings swung to a loss because a large interest-rate hedge fell in value by about $600 million. It had taken the large hedge position in anticipation of an acquisition of another mortgage-servicer, Two Harbors Investment. That deal fell through earlier this year.
Oaktree Capital Management, as well as billionaire CEO Mat Ishbia's own family office, will combine on a $2.05 billion equity capital investment.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
August 06, 2026 16:31 ET (20:31 GMT)
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