Investors' class action lawsuit deadline approaches for UWM Holdings

New York, NY – September 28, 2026 – The law firm Faruqi & Faruqi, LLP has initiated an investigation into a potential class action lawsuit against UWM Holdings Corporation (NYSE: UWMC). The firm is reminding investors that October 12, 2026, is the deadline to apply for the role of lead plaintiff in the federal securities class action filed against the company.

The complaint alleges that UWM Holdings and its executives violated federal securities laws by making false and/or misleading statements. Specifically, it claims the company deviated from its traditional strategy of not hedging its mortgage servicing rights (MSRs) to take a substantial hedging position. Furthermore, the company is accused of over-hedging in anticipation of the Two Harbors transaction, creating an excess hedging risk rather than balancing risk.

The situation intensified on August 5, 2026, after market close, when UWM reported its second-quarter financial results. These results included a $603.2 million loss from interest rate derivatives, contributing to a $451.9 million net loss for the quarter. Total equity also decreased by 43.6% year-over-year. The following day, August 6, CEO Mathew Ishbia acknowledged during an earnings call that the company had been "over-hedged" in relation to the Two Harbors transaction, and that a confluence of events led to significant hedging losses.

Following this news, UWM's stock price fell 34.78%, closing at $1.20 on August 6, 2026. Faruqi & Faruqi, LLP urges any investors who incurred losses in UWM securities between March 9, 2026, and August 5, 2026, to contact the firm to discuss their legal rights. The firm is also seeking information regarding the company's conduct from potential whistleblowers, former employees, and shareholders.