Overview
- Two Harbors ended its pact with UWM and accepted CrossCountry’s all-cash $10.80-per-share acquisition, which values the company at about $1.13 billion and carries no financing condition.
- The board approved the deal unanimously and expects closing in the second half of 2026 pending shareholder approval and customary reviews.
- CrossCountry will pay UWM the $25.4 million termination fee, and Two Harbors canceled the rescheduled shareholder vote on the UWM transaction.
- Common shareholders would receive $10.80 in cash per share, and Series A, B, and C preferred holders would be redeemed at $25 per share plus any accrued dividends.
- CrossCountry says the deal adds Two Harbors’ capital-markets unit and RoundPoint’s servicing platform, which industry reporting indicates could lift it into the top tier of U.S. mortgage servicers.