{"id":63756,"date":"2026-08-11T03:00:36","date_gmt":"2026-08-11T01:00:36","guid":{"rendered":"https:\/\/housesmarketplace.com\/uwm-faces-law-firm-fraud-probe-analyst-stock-price-cuts-after-q2-loss-oaktree-deal\/"},"modified":"2026-08-11T03:00:36","modified_gmt":"2026-08-11T01:00:36","slug":"uwm-faces-law-firm-fraud-probe-analyst-stock-price-cuts-after-q2-loss-oaktree-deal","status":"publish","type":"post","link":"https:\/\/housesmarketplace.com\/ru\/uwm-faces-law-firm-fraud-probe-analyst-stock-price-cuts-after-q2-loss-oaktree-deal\/","title":{"rendered":"UWM faces law firm fraud probe, analyst stock price cuts after Q2 loss, Oaktree deal\u00a0\u00a0"},"content":{"rendered":"<div>\n<p><strong>UWM Holdings Corp.<\/strong>\u00a0is facing a securities fraud investigation and fresh cuts on Wall Street after reporting a loss for the second quarter and a <a href=\"https:\/\/www.housingwire.com\/articles\/uwm-2-05b-capital-q2-loss\/\">$2.05 billion capital raise<\/a>.<\/p>\n<p>UWM reported that a hedge established around its <a href=\"https:\/\/www.housingwire.com\/articles\/uwm-sues-two-harbors-crosscountry-merger\/\">attempted acquisition<\/a> \u0438\u0437\u00a0<strong>Two Harbors Investment Corp.<\/strong>\u2019s\u00a0mortgage servicing rights portfolio produced a $603.2 million derivatives loss. This contributed to a $451.9 million net loss for the second quarter of 2026. Total equity fell 43.6% year over year, reflecting the loss and related derivative charges, the company disclosed.<\/p>\n<p>The\u00a0<strong>Law Offices of Frank R. Cruz<\/strong>\u00a0said last week that it has opened an investigation into potential federal securities law violations. UWM shares fell 34.78% to close at $1.20 on Thursday. As of this writing, UWM shares rose to $1.40.<\/p>\n<p>The Cruz firm \u2014 which investigates and prosecutes class-action lawsuits for securities fraud and corporate malfeasance \u2014 is seeking information from investors who purchased <a href=\"https:\/\/www.housingwire.com\/company\/united-wholesale-mortgage\/\">\u0423\u0412\u041c<\/a> securities and may have sustained losses. A lawsuit has not been filed at this point.<\/p>\n<p>According to analysts, UWM held an 8.5% overall mortgage market share and a 40.5% share of the <a href=\"https:\/\/www.housingwire.com\/articles\/loandepot-reenters-wholesale-lending\/\">\u043e\u043f\u0442\u043e\u0432\u044b\u0439 \u043a\u0430\u043d\u0430\u043b<\/a> during the second quarter. Its wholesale share exceeded the combined share of the next 18 wholesale lenders. <\/p>\n<p>Analysts covering UWM are changing their target price for the stock.\u00a0<\/p>\n<p><strong>\u0411\u0422\u0418\u0413<\/strong>\u2019s specialty finance team reaffirmed a \u201cbuy\u201d rating but lowered its price target to $2 from $4, citing dilution from the capital raise and weaker-than-expected operating results in Q2 2026.<\/p>\n<p>\u201cWe are disappointed with the series of events that led to the <a href=\"https:\/\/www.housingwire.com\/articles\/uwm-preferreds-warrants-dilution\/\" type=\"link\" id=\"https:\/\/www.housingwire.com\/articles\/uwm-preferreds-warrants-dilution\/\">dilutive capital raise<\/a>,\u201d BTIG analysts said in a report. \u201cThat being said, we view the underlying operating business (especially now that it\u2019s delevered) as strong and it remains an industry leader.\u201d<\/p>\n<p>The analysts noted they were aware that UWM\u2019s leverage was rising but \u201cmissed the magnitude of the hedge loss (Two Harbors related) and the resulting need for incremental capital.\u201d<\/p>\n<p>UWM closed a $1.65 billion preferred equity deal last week, including $1.5 billion from <strong>Oaktree Capital Management<\/strong>\u00a0and $150 million from an Ishbia family vehicle, alongside 330 million warrants split evenly at $2 and $6 strikes with a 10-year term.<\/p>\n<p>The preferred equity accrues at 10% if paid in cash or 13% if paid in kind, and the liquidation preference increases 10% per year on a cumulative basis. Proceeds are earmarked for debt repayment.<\/p>\n<p><strong>\u041a\u0438\u0444, \u0411\u0440\u0443\u0439\u0435\u0442\u0442 \u0438 \u0412\u0443\u0434\u0441<\/strong>\u00a0(<a href=\"https:\/\/www.housingwire.com\/articles\/kbw-raises-ellington-eps-outlook\/\">\u041a\u0411\u0412<\/a>) also reduced its outlook for UWM stock following the quarter. The team cut its price target to $2.75 from $3.75 while maintaining an \u201coutperform\u201d rating.<\/p>\n<p>\u201cWe are reducing operating earnings to reflect weaker near-term trends, with expenses improving in 2027 as the servicing transition costs roll off,\u201d KBW analysts said. \u201cOur estimates now include the $205 million annual preferred dividend at the 10% cash rate, offset by the paydown of debt.\u201d<\/p>\n<p>Regarding capital return, KBW noted that UWM\u2019s board suspended the 10-cent quarterly dividend entirely \u2014 ahead of an expectation of a 70% cut \u2014 which will preserve approximately $640 million per year.<\/p>\n<p><em>This article was written by Fl\u00e1via Furlan Nunes and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>UWM Holdings Corp.\u00a0is facing a securities fraud investigation and fresh cuts on Wall Street after reporting a loss for the second quarter and a $2.05 billion capital raise. UWM reported that a hedge established around its attempted acquisition of\u00a0Two Harbors Investment Corp.\u2019s\u00a0mortgage servicing rights portfolio produced a $603.2 million derivatives loss. This contributed to a [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-63756","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.5 (Yoast SEO v18.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UWM faces law firm fraud probe, analyst stock price cuts after Q2 loss, Oaktree deal\u00a0\u00a0 - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.com\/ru\/uwm-faces-law-firm-fraud-probe-analyst-stock-price-cuts-after-q2-loss-oaktree-deal\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UWM faces law firm fraud probe, analyst stock price cuts after Q2 loss, Oaktree deal\u00a0\u00a0\" \/>\n<meta property=\"og:description\" content=\"UWM Holdings Corp.\u00a0is facing a securities fraud investigation and fresh cuts on Wall Street after reporting a loss for the second quarter and a $2.05 billion capital raise. 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