Real Estate & Home

Two Harbors scraps UWM deal, accepts cash bid from CCM

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Two Harbors Investment Corp. has terminated its merger with UWM Holdings and accepted a cash offer from CrossCountry Intermediate HoldCo for $10.80 per share, valued at approximately $1.13 billion. This move could solidify CrossCountry's position in the mortgage market by integrating Two Harbors' capital markets platform and RoundPoint Mortgage Servicing’s servicing infrastructure.

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