A significant net loss was reported by UWM in the second quarter, totaling $452 million.
Further action was taken by UWM this week, as they filed a lawsuit in US federal court. The lawsuit is against Two Harbors and seeks $500 million in damages.
The lawsuit alleges a breach of the merger contract by Two Harbors. For more information on this developing story, readers can refer to the Galveston County Daily News.
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