Two Harbors Countersues UWM Alleging Breach of Contract and Fraud

Key Facts

1Two Harbors Investment Corp. filed a countersuit against United Wholesale Mortgage alleging breach of contract and fraud.

2Two Harbors is seeking reimbursement of a $25.4 million termination fee and damages related to undisclosed derivatives losses.

Two Harbors Investment Corp. filed a countersuit against United Wholesale Mortgage alleging breach of contract and fraud. According to Scotsman Guide, the company is seeking reimbursement of a $25.4 million termination fee and damages related to undisclosed derivatives losses.

The legal escalation follows a failed merger agreement, with Two Harbors claiming the terms were violated. Regarding market performance, TWOD closed at $26.33 on October 2, 2026, having traded between a high of $26.34 and a low of $26.32 during that session.