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Stock impact report

UWM ALERT: Bragar Eagel & Squire, P.C. is Investigating UWM Holdings Corporation on Behalf of UWM Stockholders and Encourages Investors to Contact the Firm

UWM Holdings Corporation Class A (UWMC) 
Company Research Source: GlobeNewswire
NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against UWM Holdings Corporation (“UWM” or the “Company”) (NYSE: UWMC) on behalf of UWM stockholders. Our investigation concerns whether UWM has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On April 2, 2024, Hunterbrook Media published a report alleging, among other things, that UWM gets almost all its business “from brokers who sent UWM more than 99% of their business” rather than shopping mortgages to competing lenders, causing borrowers to pay UWM “between hundreds of millions and billions more in closing costs than people whose brokers found them typical loans.” The same day, a racketeering consumer class action suit was filed against UWM, alleging that UWM engaged in a mortgage loan “steering enterprise” with “captive” brokers in Show less Read more
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