United Wholesale Mortgage: The Dividend Cut, the Ishbia Structure, Oaktree, and the Real Risk in UWMC
I rebuilt the UWM panic from the ownership structure outward: who actually received the distributions, what the dividend suspension retains, why the $451.9 million quarterly loss does not describe the core origination business, what the $603.2 million failed-…
System Stress Signals (🚨🩸)