United Wholesale Mortgage Plunges 35% After Suspending Dividend and Raising Capital
5 Articles
5 Articles
United Mortgage Foreshadows Litigation With Two Harbors Over ‘Inappropriately’ Handled Deal
United Wholesale Mortgage (UWM) Chairman, President & CEO Mat Ishbia foreshadowed potential legal action with mortgage servicer Two Harbors for the allegedly “inappropriate” handling of its sale. During the company’s Q2 earnings call, Ishbia addressed the bidding war against CrossCountry Mortgage in order to acquire Two Harbors, which took place back in the spring. UWM… The post United Mortgage Foreshadows Litigation With Two Harbors Over ‘Inapp…
Since it came out via a merger with a Spac in 2021, UWM had paid a quarterly dividend of US$0.10 per share
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