CrossCountry Mortgage to Acquire Two Harbors in Cash Merger, Unifying Mortgage Lifecycle
CrossCountry Mortgage will acquire all outstanding shares of Two Harbors Investment for $10.80 per share in cash, with TWO terminating its prior merger agreement with UWM Holdings and agreeing to pay a $25.4 million termination fee to UWMC. The combined company would create a fully integrated mortgage platform covering origination to servicing, aiming to close in the second half of 2026 after stockholder and regulatory approvals, at which point TWO will be delisted and become a CrossCountry subsidiary.