The complaint, spearheaded by the Rosen Law Firm, centers on claims that UWM Holdings departed from its established policy of not hedging mortgage servicing rights. According to the filing, the company took a significant hedge position in anticipation of the Two Harbors transaction, ultimately creating an excess level of risk that was not properly disclosed to the market. The lawsuit asserts that these actions rendered the company's public statements regarding its financial operations materially misleading.
Shareholders who wish to participate in the litigation must formally move the court by October 13, 2026. While the lawsuit has been filed, a class has not yet been certified. Investors retain the right to select their own counsel, remain an absent class member, or serve as a representative party to direct the litigation. Those choosing to join the action through the Rosen Law Firm can contact attorney Phillip Kim via the firm's website or by phone, with legal representation provided on a contingency fee basis.

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