EconomyTop US Mortgage Lender Suffers Record Plunge After Dividend Suspension

Shares of United Wholesale Mortgage, the biggest mortgage lender in the United States, dropped as much as 49% on Thursday. The move marked the company’s steepest decline ever. It came after the lender reported a net loss of $452 million. The company also suspended its dividend for the first time, intensifying the market reaction.

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BBloomberg News★★★☆☆2026-08-07 00:00Original