{"schema_version":"secwatch.filing_event.v1","accession":"0001783398-26-000128","form_type":"8-K","ticker":"UWMC","cik":"0001783398","company_name":"UWM Holdings Corp","filed_at":"2026-10-23T12:43:05+00:00","discovered_at":"2026-10-23T12:45:01.501696+00:00","generated_at":"2026-10-23T12:45:09.513721+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"UWM prelim Q3 2026: $33.4B originations, revenue $800-825M, net income $205-220M; FY26 revenue outlook lowered","bullets":["Loan origination volume $33.4B, including $22.8B purchase and $10.6B refinance; gain margin approximately 124 basis points; total revenue $800-825M.","Net income $205-220M; adjusted EBITDA $170-190M; loan production income $410-420M; loan servicing income $240-250M; operating expenses $375-385M.","MSR portfolio ~$270B UPB at ~5.97% weighted average coupon and ~40 bps servicing fee; total equity ~$2.8B; net non-funding debt/equity 1.75-1.80x.","FY2026 revenue now estimated at $3.35-3.50B, lower than expected earlier in 2026 on weaker industry origination volume; ~8% US residential production share expected.","Plans to sell $70-80B of MSRs in Q4 2026 for proceeds over $1.8B, plus $400M rights offering, to pay down non-funding debt; outside subscription seen as unlikely."],"urls":{"canonical":"https://secwatch.observer/filing/0001783398-26-000128","json":"https://secwatch.observer/filing/0001783398-26-000128.json","markdown":"https://secwatch.observer/filing/0001783398-26-000128.md","text":"https://secwatch.observer/filing/0001783398-26-000128.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1783398/000178339826000128/0001783398-26-000128-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1783398/000178339826000128/xbrl-20261023.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-23T12:45:09.513721+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}