UWM Holdings Corp. is pairing the announcement of a record $2.05 billion strategic capital partnership with its second-quarter 2026 results, which show the nation’s largest mortgage lender is still leaning into growth despite higher leverage and moving into the red.

In an internal memo to employees reviewed by HousingWire, chairman, president and CEO Mat Ishbia told staff that UWM has “just finalized the largest capital raise in mortgage industry history, totaling more than $2 billion.” 

Ishbia said he is personally investing through the Ishbia family’s new vehicle, SFS Group Capital, alongside Oaktree Capital Management, and calls the transaction “a details ⇒

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