There are indications that some Two Harbors shareholders will oppose the planned acquisition by United Wholesale Mortgage because it’s an all-stock deal and UWM’s stock is trading near the lowest level it’s been at since UWM became a publicly traded company in early 2021.
The market’s response to the attacks is in line with its recent divergence from historical reactions to outside stressors, said Andrew Rhodes, head of trading at Mortgage Capital Trading.
“We have built a profitable, scalable platform, and now we have the tools to fundamentally rewire how our customers operate,” said Nima Ghamsari, head of Blend.