Among Two Harbors Investment shareholders that voted for or against CrossCountry Mortgage's planned acquisition of Two Harbors, 69.7% voted in favor.

The agreement ends a lengthy process that included four shareholder vote postponements and a public bidding war with United Wholesale Mortgage.

Another vote delay adds more uncertainty to the proposed merger between CrossCountry Mortgage and Two Harbor Investments.

Ahead of a shareholder vote, the Two Harbors board of directors has reaffirmed its positive stance on CrossCountry's proposed merger.

It’s an all-stock transaction with shareholders in Fathom receiving stock in BBB with an equity value of $53.4 million.

Two Harbors disclosed today that it discussed options with UWM CEO Mat Ishbia during a Zoom call on Thursday. However, no new offer was submitted ahead of the Friday deadline.

Kiavi originated more than $7.0 billion of loans in 2025, with a focus on short-term residential transition loans along with mortgages underwritten using debt service coverage ratios.

“Regardless of who wins the bid, the consequences of this is market-disrupting for anyone who does not have the capital to build up servicing and/or the technology leadership to take advantage of it,” said Rick Roque, a consultant with Menlo Company.

UWM has until Friday to engage in discussions with the Two Harbors board of directors on a revised acquisition bid.

The Florida-based bank has agreed to sell its third-party originations channel to Mortgage Forward, part of the Great Lakes Credit Union family.