Top US Mortgage Lender Plunges Most Ever After Pausing Dividend

United Wholesale Mortgage reported a net loss of $452 million and suspended its dividend, resulting in a 49% drop in share price on Thursday, the largest single-day decline in the company's history. The suspension marked the first time the mortgage lender has paused its dividend. United Wholesale Mortgage is the largest mortgage lender in the United States by loan volume.

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