UWM Holdings Corporation operates as the publicly traded indirect parent of United Wholesale Mortgage, a residential mortgage lender that originates loans exclusively through the wholesale channel. The company works with independent mortgage brokers and originates primarily conforming and government loans across all 50 states and the District of Columbia.
Company updates commonly address loan origination volume, revenue and earnings, dividend declarations, mortgage servicing operations, proprietary technology platforms and broker-channel initiatives. UWMC news also includes capital-structure and governance matters, including public-float and share-liquidity activity involving SFS Holdings, as well as material agreements and shareholder voting matters.
UWM (UWMC) now automatically selects the strongest qualifying credit score for borrowers through an enhancement to its credit evaluations. The lender obtains FICO Scores and VantageScore 4.0 on all credit pulls, removing the need for brokers to choose between scoring models. UWM says the change is intended to help borrowers obtain lower payments, cheaper mortgage insurance and lower overall fees and costs.
UWM Holdings (UWMC) set detailed terms for a previously announced rights offering of 200 million new Class A common shares to existing Class A stockholders.
Holders of Class A shares at 5:00 p.m. ET on October 2, 2026 receive one transferable right per share. Each right carries a basic subscription right to buy its pro rata portion of the 200 million shares at a subscription price equal to the greater of $2.00 or 85% of the volume‑weighted average price over the ten trading days from October 27 to November 9, 2026. Fully participating holders may request additional shares via an over‑subscription right, allocated pro rata, with fractional shares rounded down.
Rights distribution is expected to start October 5, 2026. Trading in rights on NYSE is expected under “UWMC RTWI” on a when‑issued basis from October 1, 2026 and under “UWMC RT” on a regular‑way basis from October 6, 2026 until November 11, 2026. The rights offering is scheduled to expire at 5:00 p.m. ET on November 12, 2026, unless extended.
Under an August 5, 2026 backstop agreement, Oaktree‑affiliated purchasers have the option, and the Ishbia Support Parties have the obligation, to purchase securities so that combined proceeds from the rights offering and backstop reach at least $400 million. These purchases may be in Class A shares at the subscription price or in junior perpetual non‑convertible preferred stock plus warrants equal to 20% of the preferred stock’s initial liquidation preference. The offering will be conducted under an effective Form S‑3 shelf registration and a prospectus supplement.
UWM (UWMC) reports that using the VantageScore 4.0 credit model is already improving mortgage outcomes for many of its borrowers.
About 25% of borrowers whose brokers work with UWM are currently seeing a more advantageous credit result with VantageScore 4.0 than with traditional FICO scores. UWM expects this share could reach 2 in 5 borrowers by the end of the month. The improved scores can enhance loan eligibility, pricing, LLPAs, and mortgage insurance terms, sometimes turning a potential “no loan” into homeownership. VantageScore 4.0 uses additional information and trending credit data to offer a more comprehensive, modern assessment of creditworthiness while keeping lending standards unchanged.
UWM Holdings (NYSE: UWMC) reported second quarter 2026 loan origination volume of $39.7 billion, flat year over year and down from $44.9 billion in Q1 2026. Total gain margin increased to 133 bps from 123 bps in Q1 and 113 bps in Q2 2025. Revenue was $888.0 million, slightly below Q1’s $901.4 million but above $758.7 million in Q2 2025. The company recorded a net loss of $451.9 million, versus net income of $170.4 million in Q1 2026 and $314.5 million a year earlier, while adjusted EBITDA was $185.9 million.
UWM announced a proposed $2.05 billion equity investment from Oaktree Capital Management and SFS Group Capital, an Ishbia family vehicle. Total equity declined to $985.3 million from $1.6 billion at March 31, 2026, and the non-funding debt-to-equity ratio rose to 6.13. Mortgage servicing rights UPB grew to $247.6 billion with a 5.93% weighted average rate, and available liquidity was about $1.3 billion. Subsequent to quarter-end, the board decided to suspend the quarterly dividend while maintaining a stated focus on disciplined capital allocation.
UWM Holdings (NYSE: UWMC) announced a $2.05 billion strategic capital partnership with the Ishbia Family’s SFS Group Capital and Oaktree Capital Management to add permanent capital, strengthen its balance sheet and enhance liquidity. The initial funding consists of $1.65 billion in preferred equity plus warrants, with a planned $400 million rights offering to Class A shareholders, supported by the Ishbia Family and Oaktree if needed.
UWM will suspend its common dividend and intends to use net proceeds primarily to repay existing debt and mortgage servicing rights (MSR) financing facilities, bolster equity and liquidity, and support general corporate purposes. The rights offering will cover up to 200 million Class A shares, with each Right allowing holders as of the October 2, 2026 record date to purchase shares at the greater of $2.00 or 85% of the 10-day VWAP from October 27–November 9, 2026. Rights will be transferable and listed on the NYSE, and include an oversubscription option. Oaktree will receive board representation and an additional nomination right.
UWM Holdings (NYSE:UWMC) plans to announce its second quarter 2026 financial results on Thursday, August 6, 2026, with a press release posted in the financials section of its investor relations website. Management will host a Zoom Q&A for analysts and investors at 10:30 a.m. ET, with replay or transcript available afterward.
UWM Holdings (NYSE:UWMC) reaffirmed its proposal to acquire Two Harbors (NYSE:TWO) and urged TWO stockholders to vote AGAINST the proposed merger with CrossCountry Mortgage at the June 23 special meeting.
UWMC highlights a cash election of $12.50 per TWO share or 2.3328 UWMC shares, versus CCM’s $12.00 cash offer, and notes that ISS, Glass Lewis and Egan-Jones recommend voting against the CCM deal.
Two Harbors (NYSE:TWO) is the target of an unsolicited campaign by UWM Holdings (NYSE:UWMC), which urges TWO stockholders to vote against the proposed merger with CrossCountry Mortgage on June 23, 2026.
UWMC promotes its own competing proposal, highlighting $12.50-per-share cash election and stock consideration optionality.
Two Harbors (NYSE:TWO) updated stockholders on its engagement with UWM Holdings (NYSE:UWMC) and reaffirmed support for the CrossCountry Mortgage (CCM) merger. UWMC did not submit a revised proposal during a June 8–12, 2026 waiver period.
The Board urges voting FOR the fully financed CCM deal, offering $12.00 per share in cash plus a stub dividend, a stated 21% premium to the December 16, 2025 unaffected price and 119% above March 31, 2026 fully diluted tangible book value, with most regulatory approvals obtained and targeted closing in August 2026.
Two Harbors (NYSE:TWO) postponed its Special Meeting to June 23, 2026 to allow further engagement with UWMC on a potential all-cash offer. CCM waived non-solicitation terms so TWO can seek a fully financed $12.50 all-cash proposal.
The Board still recommends CCM’s $12.00 per share all-cash offer plus a stub dividend, citing UWMC’s default stock component, recent share-price decline and higher reported leverage and credit risk.