UWM to Acquire Two Harbors Investment Corp. in $1.3 Billion All-Stock Deal

UWM Holdings Corporation (UWMC), the parent of United Wholesale Mortgage, has reached a definitive agreement to acquire Two Harbors Investment Corp. (TWO) in an all-stock deal valued at $1.3 billion. The transaction will see TWO shareholders receive 2.3328 shares of UWMC for each share of TWO, with UWMC shareholders expected to own approximately 87% of the combined company and TWO shareholders about 13% on a fully diluted basis. Upon completion, the combined company will service over $400 billion in mortgage servicing rights, ranking among the top eight servicers nationwide. The merger aims to leverage UWM’s origination platform and TWO’s servicing expertise, with anticipated efficiencies in financing, hedging, and secondary markets. The boards of both companies have unanimously approved the transaction, which is expected to close in the second quarter of 2026, pending customary approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Two Harbors Investment Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-121835), on December 17, 2025, and is solely responsible for the information contained therein.