loanDepot warned that it's outside of compliance for NYSE listing standards; reAlpha brings originations in house; Some 14% of home-sale agreements fell through in July; Two Harbors expects CCM merger to close this week.
Two Harbors counters that UWM’s attempted acquisition of Two Harbors failed because UWM’s effort failed to win approval from Two Harbors’ shareholders.
Proceeds from the debt offering will be used to repay a portion of the amounts outstanding under CCM’s mortgage servicing rights line of credit, which CCM drew on for its planned acquisition of Two Harbors.
UWM alleges that Two Harbors’ management “embarked on a stealth mission of subversion, calculated inaction and outright lies designed to kill the UWM merger.”