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StocksMedium•27 March 2026•

1 min read

Two Harbors Merges with CrossCountry Mortgage, Terminates UWM Deal

Key Facts

1Two Harbors Investment Corp. announced a definitive merger agreement with CrossCountry Mortgage.

2The company terminated its previous deal with UWM Holdings (UWMC) and will pay a $25.4 million termination fee.

Two Harbors Investment Corp. (TWO) has announced a definitive merger agreement with CrossCountry Mortgage, marking a significant shift in its strategic direction. As part of this transition, the company has terminated its previous merger agreement with UWM Holdings (UWMC). Two Harbors will pay a termination fee of $25.4 million to UWMC to exit the prior arrangement. Under the new deal, common shareholders of Two Harbors are set to receive $10.80 per share in cash. Additionally, the company's preferred shares will be redeemed at a price of $25.00 per share. The merger aims to create a fully integrated mortgage entity by leveraging Two Harbors' mortgage servicing rights alongside CrossCountry’s origination capabilities.