Real Estate & Home

CCM touts new $1.4B Citi financing in fight against UWM for Two Harbors

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CrossCountry Mortgage (CCM) has secured an additional $1.4 billion in financing from Citi, bringing its total committed funding to $3.4 billion for its acquisition of Two Harbors Investment Corp., aiming to reassure shareholders with a fully financed deal. This matters because it counters UWM's rival bid by highlighting the financial certainty and regulatory readiness of CCM’s offer, potentially influencing shareholder decisions and the transaction timeline.

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