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Stock impact report

UWM Holdings to Acquire Two Harbors in $1.3B All-Stock Merger to Create Mortgage Servicing Giant [Yahoo! Finance]

Two Harbors Investment Corp (TWO) 
Last two harbors investment corp earnings: 2/5 04:17 pm Check Earnings Report
US:NYSE Investor Relations: investor.twoharborsinvestment.com
Company Research Source: Yahoo! Finance
merger agreement to acquire Two Harbors Investment Corp. (NYSE: TWO ). This all-stock transaction is valued at ~$1.3 billion in equity, based on a fixed exchange ratio of 2.3328x. The acquisition incorporates Two Harbors, which is a prominent mortgage servicing rights/MSR-focused real Estate Investment Trust and owner of RoundPoint Mortgage Servicing LLC, into UWM's operations to create a more resilient and profitable business model. A primary driver of the deal is the massive expansion of UWM's servicing capabilities. The transaction adds a high-quality MSR portfolio with a $176 billion unpaid principal balance/UPB, nearly doubling UWM's existing book to a total of ~$400 billion. This scale positions the combined company as the eighth-largest mortgage servicer in the US. By bringing this volume in-house, UWM expects to generate significant recurring revenue and provide its mortgage broker network with enhanced lead generation to drive consumer engagement. Financially, the merger Show less Read more
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