Two Harbors terminates UWM deal for CrossCountry's superior $10.80 per share offer
By Bullbit Editorial · March 27, 2026
WhatTwo Harbors Investment Corp. has terminated its agreement to acquire UWM Holdings Corp. in favor of a competing bid from CrossCountry Mortgage, Inc.
WhyThe decision was made due to a higher offer from CrossCountry, which valued UWM at a higher price per share.
SignalThe move indicates that Two Harbors prioritized securing a better deal, potentially signaling a more aggressive approach in future acquisitions.
TargetCrossCountry's acquisition of UWM is expected to create a leading mortgage originator with a significant market presence.
RiskThe deal may pose risks for UWM's employees and customers, who could face changes under new ownership.