“The actions by TWO’s management and board do not show the very best interests of their shareholders. The exact same group that needed to settle a $375 million claim this previous summer season is at it once again,” UWM stated in its statement, indicating Two Harbors’ 2025 contract to pay $375 million to resolve long running lawsuits with former external supervisor Pine River.
Two Harbors, an MSR focused REIT, has currently been under pressure after the Pine River settlement cut into book value and prompted concerns about long-term returns, with experts highlighting the drag from legal costs and a shrinking balance sheet.
UWM leaned into that narrative, arguing that “TWO’s company, which is successfully a melting ice,” contrasted with what it referred to as its own development trajectory.
The most recent shake‑up in US housing financing saw CrossCountry Mortgage move to get MSR‑focused REIT 2 Harbors Investment Corp. in an all‑cash offer that would take 2 personal and relax its formerly revealed tie‑up with United Wholesale Mortgage.https:// t.co/ 7raqZjhjyc
— Mortgage Expert America Magazine (@MPAMagazineUS) March 27, 2026
Three‑way yank of war: UWM, Two Harbors and CrossCountry
The objected to offer sat at the center of a three-way yank of war involving UWM, Two Harbors and retail lending institution CrossCountry Home mortgage.
Under the initial arrangement, Two Harbors investors were set to get UWM stock in a merger that would have folded the MSR-heavy REIT into UWM’s platform.