Item 7.01 Regulation FD
In light of recent market events, including the recent Federal Deposit Insurance
Corporation actions and the concerns about financial market volatility, UWM
Holdings Corporation (the "Company") made certain disclosures regarding the
Company's financial exposures, including that (i) the Company does not hold cash
deposits or securities or maintain any accounts at Silicon Valley Bank,
Silvergate Bank or Signature Bank, (ii) the Company has no other business
relationships with Silicon Valley Bank, Silvergate Bank or Signature Bank, (iii)
substantially all of the Company's corporate cash accounts are held with large
global money center banks and (iv) approximately 90% of the Company's $9.3
billion warehouse line capacity is with large global money center banks or their
affiliates.
The information furnished pursuant to Item 7.01 shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act") or otherwise subject to the liabilities under that Section and
shall not be deemed to be incorporated by reference into any filing of the
Company under the Securities Act of 1933, as amended, or the Exchange Act.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses