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.

Home prices increased by 0.1% on a monthly, seasonally-adjusted basis, according to Redfin.

UWM has two days to improve its proposal for acquiring Two Harbors after CrossCountry Mortgage and an unnamed bidder placed rival offers.

The seasonally-adjusted annual rate of sales of new homes dropped 17.6% on a monthly basis in January.

Due to accounting rules, earnings from the loans locked during the third quarter of 2025 were recognized in the third quarter rather than the fourth quarter.

Institutional Shareholder Services recommended that Two Harbors shareholders vote against the planned acquisition by UWM.

Seneca owned mortgage servicing rights with an unpaid principal balance of $42.31 billion as of the end of December, according to estimates by Inside Mortgage Finance.

Newfi is looking for fill-ups or minority investment opportunities to grow its business.

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.