Two Harbors Rejects UWMC Bid, Pursues CCM Merger

Two Harbors' board has rejected UWM Holdings' acquisition proposal and is moving forward with a merger with CrossCountry Mortgage despite UWMC's public opposition.

4 articles · first seen 5/23/2026 · last update 5/28/2026

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  • BusinessWire5/28/2026, 5:07:00 PM
    UWMC Issues Statement Regarding Second Failure of Two Harbors to Obtain Approval for CCM Transaction

    UWM Holdings (UWMC) issued a statement highlighting that Two Harbors Investment Corp. (TWO) has failed for a second time to obtain stockholder approval for its proposed merger with CrossCountry Mortgage (CCM), resulting in a second adjournment of the special stockholder meeting. UWMC characterized the repeated adjournment as evidence that TWO stockholders oppose the transaction. The statement signals continued opposition from UWMC to the TWO-CCM deal.

    Sentiment -0.50Sim 95%TWOUWMC
  • BusinessWire5/22/2026, 3:07:00 PM
    UWMC Urges TWO Stockholders to Stand Firm and Vote AGAINST the CCM Transaction at May 28 Special Meeting

    UWM Holdings (UWMC) is publicly urging Two Harbors Investment Corp. (TWO) stockholders to vote against TWO's proposed merger with CrossCountry Mortgage (CCM) at the rescheduled May 28, 2026 special meeting. UWMC states it has received no engagement from the TWO Board regarding its own competing acquisition proposal for Two Harbors. The TWO special meeting was previously adjourned, suggesting the CCM transaction may be facing stockholder resistance.

    Sentiment -0.30Sim 95%TWOUWMC
  • BusinessWire5/13/2026, 11:30:00 AM
    TWO Board Unanimously Rejects UWMC's Latest Illusory, Predatory and Unactionable Proposal

    The board of Two Harbors Investment Corp (TWO) has unanimously rejected the latest acquisition proposal from UWM Holdings (UWMC), characterizing it as "illusory, predatory, and unactionable." The rejection is unanimous, signaling strong board-level opposition to the deal. No revised terms or counter-proposal were mentioned in the announcement.

    Sentiment -0.30Sim 91%TWOUWMC
  • SeekingAlpha5/4/2026, 12:35:28 PM
    Two Harbors board rejects UWM Holdings revised offer

    Two Harbors' board has formally rejected a revised acquisition offer from UWM Holdings. The rejection signals continued resistance from Two Harbors' leadership to a deal with UWM despite the revised terms. No further details on the offer price or the board's stated rationale were provided in the article.

    Sentiment -0.30Sim 89%TWOUWMC