The wholesale lender is raising $2.05 billion and suspending its dividend after the transaction contributed to a sharp quarterly loss and exposed balance-sheet pressure
United Wholesale Mortgage Chairman and CEO Mat Ishbia attributed a $603.2 million derivatives loss in the second quarter to an unusually large hedge established around UWM’s failed pursuit of Two Harbors Investment Corp., calling it a transaction-specific mistake that the co...
August 6 was an important contractual checkpoint. The more consequential deadline is the day a GSE, regulator, investor, warehouse lender, or plaintiff asks the institution to produce evidence that its AI governance actually worked
Across the mortgage industry, August 6, 2026, has been treated as the artificial-intelligence governance deadline. Now that the date has arrived, the harder question is what an institution must be prepared to prove on August 7 and every day thereafter.Fannie Mae’s governance...
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