#UWM

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UWM's $603 Million Derivatives Loss Raises Questions Over Hedging and Capital Strategy
Companies

UWM's $603 Million Derivatives Loss Raises Questions Over Hedging and Capital Strategy

A $27.5 billion rate position lost $603 million in Q2, cutting UWM's book equity 38%, as analysts ask why the hedge rema...

Declan Byrne 👁 52 💬 0
UWM's $452M Loss and $2.05B Capital Raise Leave Mortgage Brokers Unshaken
Companies

UWM's $452M Loss and $2.05B Capital Raise Leave Mortgage Brokers Unshaken

Brokers say the wholesale lender's speed and technology still outweigh pricing gaps after a $451.9 million second-quarte...

Declan Byrne 👁 39 💬 0
UWM Faces Securities Probe, Stock Cuts After $452M Loss and Oaktree Capital Rescue
Companies

UWM Faces Securities Probe, Stock Cuts After $452M Loss and Oaktree Capital Rescue

UWM Holdings Corp. posted a $451.9M Q2 net loss driven by a $603.2M derivatives loss, triggering a securities fraud inve...

Declan Byrne 👁 32 💬 0
Fitch Cuts UWM to B+ as $451.9M Loss and Debt Surge Push Leverage to 6.1x
Companies

Fitch Cuts UWM to B+ as $451.9M Loss and Debt Surge Push Leverage to 6.1x

Fitch downgraded United Wholesale Mortgage to B+ from BB- after a second-quarter net loss of $451.9 million, a $603 mill...

Declan Byrne 👁 42 💬 0