UWM Holdings intensified its attack on Two Harbors’ management after the markets closed on Friday, following a full day of trading after the real estate investment trust ditched them for a $10.80 per share all-cash deal from CrossCountry. Processing Content The unsolicited bid from CrossCountry was made after UWM failed to secure the votes from […]
UWM doubles down on criticism of Two Harbor’s management Read More »
Two Harbors Investment has jilted UWM Holdings at the altar, agreeing to be acquired by CrossCountry Mortgage for $10.80 in an all-cash transaction. Processing Content UWM went into attack mode following the announcement before the market’s opened on Friday morning. “The actions taken by TWO’s management team and board do not reflect the best interests
Two Harbors jilts UWM Holdings for CrossCountry Read More »
UWM Holdings will likely have to increase its offer to get the agreed to purchase of Two Harbors over the finish line. Processing Content Two Harbors announced before the markets opened on March 19 it had received an unsolicited proposal to purchase all of the company’s stock at $10.77 per share, above its March 18
TWO receives unsolicited all-cash bid, endangering UWM deal Read More »
UWM Holdings may have to increase its offer to get the agreed to purchase of Two Harbors over the finish line, industry analysts are speculating. Processing Content Two Harbors adjourned the special meeting that was to approve the deal on March 16 to March 24 in order to solicit more proxies. But the first sign
UWM’s Two Harbors deal in doubt, analysts warn Read More »
The acquisition of Two Harbors by UWM Holdings is possibly on life support as the real estate investment trust’s special meeting to approve the transaction, scheduled for March 16 was adjourned because of an apparent lack of participation. Processing Content March 24 is when the meeting will reconvene after an effort by Two Harbors to
Two Harbors postpones UWM merger vote meeting Read More »
UWM Holdings put out a press release late on March 9, which it said was timed in advance of the Two Harbors shareholder meeting for its acquisition, scheduled for March 16. Processing Content “Even without the Two Harbors transaction, we now expect our total revenue for the first quarter of 2026 to be between $800
UWM boosts 2026 revenue outlook ahead of Two Harbors vote Read More »
Mortgage lenders are rolling out new promotions as they compete for borrowers in a fluctuating rate environment, with both refinancing and purchase incentives becoming more common. Processing Content United Wholesale Mortgage recently introduced two offers: one providing a 75 basis point boost on conventional and government refinancings, and another offering a $600 appraisal credit for
Lenders offer pricing promos in anticipation of a hot market Read More »
United Wholesale Mortgage produced nearly $50 billion in loans during the fourth quarter, as its parent company ended the period with substantially higher net income than the comparable quarters. Processing Content UWM Holdings reported fourth quarter GAAP net income of $164.4 million. This included a $28.8 million markdown on its mortgage servicing right portfolio. In
UWM production nears $50 billion on strong refi quarter Read More »
Shore Capital Partners, a Chicago-based private equity firm founded by billionaire Justin Ishbia, has raised more than $400 million for its second industrial fund. Processing Content The closing extends a string of successful fundraising for the firm, following a dry spell for the private equity industry more broadly, driven by higher interest rates and macroeconomic
UWM’s Justin Ishbia raises $400 million for new industrial fund Read More »
Fourth-quarter results for nonbank mortgage lenders should highlight differences in business models, balance sheets and strategic bets as lenders position themselves for growth in a still-uneven housing market, analysts say. Processing Content From PennyMac’s perceived valuation gap to Rocket’s acquisition-driven quarter and United Wholesale Mortgage’s steady volume gains, analysts see diverging paths among the largest
Pennymac, Rocket, UWM: What analysts expect in Q4 earnings Read More »