Real Estate & Home

Two says one approval still pending in CCM deal, updates stub dividend formula

28 sec read2 views0 listens

Two Harbors Investment Corp. has secured all but one state's approval for its sale to CrossCountry Intermediate Holdco LLC, necessitating an update to the stub dividend formula due to a delayed closing date. This matters because it affects shareholder payouts and reflects ongoing regulatory scrutiny in major transactions within the mortgage industry. Developers and tech professionals should monitor further updates on this deal’s timeline and potential impacts on market dynamics.

Read the full article at HousingWire

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Two says one approval still pending in CCM deal, updates stub dividend formula

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