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United Wholesale Mortgage Stock Plunges After Dividend Suspension
United Wholesale Mortgage (UWM) saw its stock drop significantly, by as much as 40%, after the company announced the suspension of its dividend and plans to raise capital.
6 Aug, 13:57 — 6 Aug, 17:44
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (27/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
Far L
Left1
Left (1)
cnbc
Center1
Center (1)
bloomberg
Right
Far R
Geographic diversity— 1 region4/34
US2
ℹAll sources from US region
ℹOnly 2 sources cover this story
Sources
Showing 2 of 2 sources
bloombergHigh3d ago
Top US Mortgage Lender Plunges Most Ever After Pausing Dividend
Shares in United Wholesale Mortgage fell by a record 49% Thursday, after the country’s biggest mortgage lender announced a net loss of $452 million and suspended its dividend for the first time.
By Dylan Sloan and Emily Flitter
Read full article →cnbcMostly Factual2d ago
United Wholesale Mortgage plunges 40% after suspending dividend and raising capital
"We're taking decisive action to make UWM stronger, more liquid and better positioned to win for years to come," CEO Mat Ishbia said in a statement.
Read full article →Coverage Timeline
First report: bloomberg · 6 Aug, 13:57|Full coverage: 2 · 4h|Window: 4h
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