Recent Updates — UWMC

UWM Holdings announced preliminary third-quarter 2026 results, reporting expected net income between $205 million and $220 million and adjusted EBITDA of $170 million to $190 million. The company originated $33.4 billion in loans, including $22.8 billion for purchases and $10.6 billion for refinances, generating total revenue estimated at $800 million to $825 million. Management also updated full-year 2026 guidance, projecting total revenue of approximately $3.35 billion to $3.50 billion and the sale of $70 billion to $80 billion in mortgage servicing rights in Q4 for proceeds exceeding $1.8 billion. These capital raises will support debt paydown alongside a concurrent $400 million rights offering. UWM Holdings is the publicly traded parent of United Wholesale Mortgage, the largest wholesale home lender in the United States.

UWM Holdings Corporation commenced its previously announced rights offering on October 5, 2026, to raise up to $400 million in gross proceeds. Each holder of Class A common stock as of the October 2 record date receives one subscription right for each share owned, entitling them to purchase approximately 0.57 shares at a price equal to the greater of $2.00 or 85% of the ten-day VWAP ending three days prior to expiration. The offering expires on November 12, 2026. Backstop purchasers SFS Group Capital and Oaktree Capital Management have agreed to purchase any unsubscribed shares to ensure at least $400 million is raised. UWM Holdings operates in the mortgage origination industry.

UWM Holdings Corporation registered for resale by selling stockholders up to 1,500,000 shares of Series A-1 Preferred Stock, 165,000,000 Class A Warrants exercisable at $6.00 per share, and 165,000,000 Class B Warrants exercisable at $2.00 per share. Additionally, the company registered 330,000,000 shares of Class A Common Stock issuable upon exercise of these warrants. These securities were issued under a Securities Purchase Agreement dated August 5, 2026, involving Oaktree Capital Management, SFS Holding Corp., Mat Ishbia, and SFS Group Capital LLC. The filing includes a legal opinion from Greenberg Traurig to update the company's Form S-3ASR registration statement. UWM Holdings Corporation operates in the mortgage origination industry.