# UWM shares plunge 49% after dividend suspension and $452 million loss 2026-08-06T22:01:14+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet United Wholesale Mortgage shares fell as much as 49% on Thursday, their steepest decline since the company went public in 2021. The US mortgage lender reported a $452 million net loss and suspended its quarterly 10-cent dividend. Its shares were down 40% later in the session and have fallen 75% this year as weaker housing demand hits new mortgage activity. UWM also announced a $2.05 billion capital investment from Oaktree Capital Management and a vehicle owned by chief executive Mat Ishbia and his family. Oaktree and Ishbia will provide $1.65 billion initially, while a planned $400 million rights offering will seek funds from shareholders. Oaktree will receive preferred shares and warrants. The company’s earlier attempt to buy Two Harbors Investment Corp. failed after shareholders accepted another offer. ## Coverage - livemint.com Tags: dividends, housing market, mortgages, Oaktree Capital, United Wholesale Mortgage Canonical: https://indianopinion.org/uwm-shares-plunge-49-after-dividend-suspension-and-452-million-loss/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/uwm-shares-plunge-49-after-dividend-suspension-and-452-million-loss/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.