The Victors

Wow. Just read the UWM thing. They set up huge interest rate hedges ahead of their acquisition of Two Harbors. When Two Harbors walked they were left naked on the hedges and lost almost $500MM. Ouch.**

Posted on August 12, 2026 at 06:21:41 PM by xcheck

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• Wow. Just read the UWM thing. They set up huge interest rate hedges ahead of their acquisition of Two Harbors. When Two Harbors walked they were left naked on the hedges and lost almost $500MM. Ouch.** - By xcheck August 12, 2026 at 06:21:41 PM
  • What were they hedging? They didn't have assets (locked loans) yet. They had to be speculating - By Rich August 12, 2026 at 06:28:52 PM

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