Coin Bureau
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)
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