While UWM has repeatedly raised its bid price and made other concessions, Two Harbors has opted to move forward with an acquisition by CrossCountry Mortgage.

Two Harbors board cited concerns about UWM's balance sheet and committed financing in a statement released this week.

The new deal increases the cash election from UWM’s previous offer from $11.30 to $12.00 per share, a $0.70 premium per stock compared to the deal the Two Harbors board accepted from CrossCountry Mortgage last month.

Two Harbors announced that it has amended its merger agreement with CrossCountry Mortgage during its 1Q earnings call.

Two closed-end seconds securitizations began marketing this week, each sized at about $285 million.

“Government policy is squarely in the driver seat, defining and driving outcomes,” said Smriti Popenoe, co-CEO and president of Dynex Capital.

Renters save an average of $920 per month compared to buyers.

The GSEs plan to announce a new adoption date for the Uniform Closing Dataset during the fourth quarter of 2026.

UWM called Two Harbors a "melting ice cube" in a statement shared after the REIT announced it will move forward with an acquisition bid from CrossCountry Mortgage.

As part of the agreement, CrossCountry paid $25.4 million to United Wholesale Mortgage, a termination fee to end the acquisition agreement UWM had with Two Harbors.