CrossCountry Mortgage has swooped in with a superior bid, prompting United Wholesale Mortgage to revise its bid for Two Harbors.

Two Harbors seeking more votes in favor of acquisition by UWM; GSEs to ease standards for condo insurance; DOJ subpoenas to Fed rejected.

The sale proceeds Tiptree is expecting from its pending sale of Reliance First Capital are tied to the book value of the mortgage unit.

Interest rates on mortgages held steady last week, according to Freddie Mac or they rose, according to the MBA; odds of Two Harbors investors approving acquisition by United Wholesale Mortgage decline.

Mergers and acquisitions involving small- and medium-sized mortgage companies are expected to rise as large lenders look to scale operations during a more stable mortgage production environment.

Kroll Bond Rating Agency said United Wholesale Mortgage’s acquisition of Two Harbors will expedite UWM’s move to in-house servicing.

UWM is set to buy Two Harbors Investment in a $1.3 billion all-stock transaction; mortgage broker employment increases in October.

By the end of 2026, the bulk of United Wholesale Mortgage’s servicing will be handled internally, according to CEO and Chairman Mat Ishbia. The nonbank still plans to use subservicers for certain loans.

Sales of MSRs in 2026 could match activity seen in 2025, according to projections by industry participants.

Sellers are looking to sell mortgage servicing rights before yearend, but at their price, not the buyer’s price.