Post
George Pearkes
peark.es
did:plc:pnx2fjuannbdpy3337ggthpp
The biggest mortgage originator in the US, $UWMC, is down 48% (most ever) after suspending its dividend this morning. Also announced a $400mm/$1650mm preferred placement to outside investors to deleverage. Adjusted losses per share was 4x wider than expected in Q2, despite a revenue and cash beat.
2026-08-06T14:00:56.672Z