UWM Holdings Corp（UWMC）のニュースとイベントUWMCUWM Holdings Corp

Company Estimates Total Revenue of $3.35B to $3.5B for 2026

Based on information currently available to management, the Company estimates that: The Company will originate approximately 8% of total residential mortgage production in the United States during 2026; The Company will end the year with an MSR portfolio between $210B-$230B in UPB; Total revenue for the year ending December 31, 2026 will be approximately $3.35B-$3.5B, lower than expected earlier in 2026 as a result of lower origination volume throughout the industry; and The Company will sell between $70B and $80B of MSRs in Q4 2026 with anticipated proceeds in excess of $1.8 billion. These proceeds, along with the $400M of gross proceeds from the rights offering, will be used to support the ongoing paydown of non-funding debt

Company Expects $33.4B Loan Origination Volume for Q3 2026

Based on its preliminary unaudited results for the quarter ended September 30, 2026, the Company expects to report the following operational and financial results: Loan origination volume of $33.4B, including $22.8B of purchase and $10.6B of refinance originations; Gain margin of approximately 124 basis points; Mortgage servicing rights portfolio unpaid principal balance of approximately $270B with a weighted average coupon of approximately 5.97% and weighted average servicing fee of approximately 40 basis points; Total Revenue between $800M to $825M; Loan servicing income between $240M to $250M; Loan production income between $410M to $420M; Operating expenses of between $375M to $385M; Net Income between $205M to $220M; Adjusted EBITDA between $170M to $190M; Total Preferred and Common Equity of approximately $2.8B at September 30, 2026; and Net non-funding debt to Total Preferred and Common Equity between 1.75x to 1.80x.

Two Harbors Responds to UWM's Baseless Lawsuit

Two Harbors (TWO) responded to the "baseless" lawsuit filed against the company by UWM Holdings (UWMC): "As previously disclosed, the TWO board of directors, consistent with its fiduciary duties and its contractual obligations, has secured $12.00 per share in cash for all TWO stockholders in a transaction with CrossCountry Mortgage (CCM). The CCM transaction, which was approved by TWO shareholders on July 2, 2026, is scheduled to close as soon as the last state regulatory approval is received, which is expected in August. The lawsuit filed by UWMC is frivolous and raises serious questions about UWMC's public disclosures. TWO's previously released concerns regarding UWMC's intent and/or ability to close any transaction with TWO has now been thoroughly vindicated. UWMC's stock price has collapsed - it is down almost 70% year-to-date, after UWMC finally disclosed its $600 million derivatives loss, which had been rumored to have occurred since May 19, 2026. The loss highlights the dire condition of UWMC's balance sheet, liquidity and also casts doubt on its risk management and other governance practices. UWMC now says that this loss was related to a "hedge" of TWO's MSR portfolio -- a portfolio that was already expertly hedged by TWO, not owned by UWMC, and under a binding contract to be sold to CCM. UWMC wishes the market to believe that its $600 million loss is related to a risk position that was approximately 13x the total interest rate exposure of TWO's MSR portfolio assuming it was unhedged, which UWMC knew full well it wasn't. UWMC's assertions that its now-terminated merger agreement with TWO was breached and that it has suffered damages is demonstrably false, and is consistent with its familiar refrain to blame others for its own shortcomings. As UWMC well knows, its stock-for-stock merger failed to secure shareholder support for several reasons, none of them having anything to do with TWO and starting with Mat Ishbia's disastrous fourth quarter earnings call on February 25, 2026. At the time of the scheduled March 2026 shareholder vote on the UWMC all stock transaction, UWMC stock had declined so much that the value to TWO shareholders was approximately 20% below its book value. Indeed, it would be $3.29 or 70% below book value, if valued as of last night's close. That, combined with skepticism about UWMC's governance practices, caused ISS to recommend against the TWO-UWMC transaction. Those concerns seem well-founded today. The lawsuit seeking damages from TWO also makes no sense. After termination of the TWO-UWMC merger agreement in March 2026, UWMC expressed relief at not transacting with TWO, calling it a "melting ice cube." And at last week's UWMC's earnings call just before UWMC's stock price cratered another 35%, Mr. Ishbia trumpeted that the Oaktree financing was better than any transaction with TWO, stating "the silver lining is Oaktree has so much better partnership for us than Two Harbors or anything else would have been. And so I think of it as a long-term upside for UWM the way it all played out..." Despite repeated opportunities to revise its proposal to make it competitive with CCM's all cash proposal, UWMC inexplicably failed to make any proposal that would address the publicly stated concerns of the TWO board. It now appears the reason UWMC was unable to do so was because of its undisclosed financial position. TWO looks forward to responding to UWMC's meritless and illogical lawsuit. If the action ever proceeds to the discovery stage, TWO is confident that communications between and among UWMC, Mizuho Bank and Oaktree, among others, will shed much-needed light on what truly was animating UWMC to publicly tout in repeated SEC filings - relied upon by all market participants - that UWMC had the intent, ability and financing to consummate a transaction with TWO, while failing for months to publicly disclose a $600 million derivatives loss."