UWM to Acquire Two Harbors Investment Corp. in $1.3 Billion All-Stock Deal
Two Harbors Investment Corp. TWO | 0.00 |
UWM Holdings Corporation (UWMC), the parent of United Wholesale Mortgage, has reached a definitive agreement to acquire Two Harbors Investment Corp. (TWO) in an all-stock deal valued at $1.3 billion. The transaction will see TWO shareholders receive 2.3328 shares of UWMC for each share of TWO, with UWMC shareholders expected to own approximately 87% of the combined company and TWO shareholders about 13% on a fully diluted basis. Upon completion, the combined company will service over $400 billion in mortgage servicing rights, ranking among the top eight servicers nationwide. The merger aims to leverage UWM’s origination platform and TWO’s servicing expertise, with anticipated efficiencies in financing, hedging, and secondary markets. The boards of both companies have unanimously approved the transaction, which is expected to close in the second quarter of 2026, pending customary approvals.
