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UWM alleges Two Harbors rigged shareholder outreach before vote

UWM says Two Harbors’ process favored management and blocked shareholder outreach, contributing to a turnout shortfall that derailed the $1.3 billion stock deal.

Summary by HousingWire
United Wholesale Mortgage (UWM) filed a lawsuit on Monday that accuses Two Harbors Investment Corp. (TWO) of willfully breaching its merger agreement and committing fraud while pursuing a competing deal with CrossCountry Mortgage (CCM). UWM alleges TWO’s leadership deliberately undermined the stockholder process for UWM’s transaction, including by sabotaging the March 16 meeting scheduled to approve the deal. UWM also claims TWO threatened to se…
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Bias Distribution

  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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HousingWire broke the news on Monday, August 10, 2026.
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