Coin Bureau|Aug 13, 2026 05:09
🚨MASSIVE: America’s LARGEST mortgage lender’s $27.5 BILLION rate bet failed, forcing a distressed-debt giant to step in with a rescue.
Sam Koppelman of Hunterbrook reveals that United Wholesale Mortgage’s massive derivatives position reportedly lost roughly $741M in the first half of 2026, contributing to a 38% COLLAPSE in book equity.
The company has now suspended its dividend and secured a $2.05B capital rescue led by Oaktree.
The fallout sent UWMC shares plunging as much as 49% in a single day, marking a dramatic reversal for America’s largest mortgage lender.(Coin Bureau)
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink