Chinese Stocks Dominate Monday’s 10 Worst Performers

2. UWM Holdings Corporation (NYSE:UWMC)

UWM Holdings Corp. declined for a third consecutive day on Monday, losing 10.85 percent to finish at $4.93 apiece as investor sentiment was dampened by news that mortgage rates have started falling in the aftermath of President Donald Trump’s tariff policies.

With the drop in consumer confidence and the escalating trade war, fears of an economic slowdown could lead to a slowdown in housing market activity, which in turn could affect UWMC’s business operations.

In recent news, UWMC named Rami Hasani as its new CFO, effective on April 1. He replaced Andrew Hubacker, who moved into a senior advisor role for the company.

Hasani joined UWMC in November 2020 as vice president for financial reporting and compliance.

“Since joining UWM in 2020, he (Hasani) has been a valuable part of our team, and we have no doubt he will continue to make a significant impact in this new role,” said UWMC President and CEO Mat Ishbia.