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Stock impact report

Why UWM Holdings Stock Was Getting Mashed This Week [Yahoo! Finance]

UWM Holdings Corporation Class A (UWMC) 
Company Research Source: Yahoo! Finance
10 stocks we like better than UWM Holdings › Mortgage company UWM Holdings Corporation (NYSE: UWMC) , the indirect parent company of United Wholesale Mortgage, announced the first major acquisition in its history earlier this week. Many investors were unhappy about this, however, and according to data compiled by S&P Global Market Intelligence , these folks were collectively trading UWM's stock down by nearly 9% week-to-date as of mid-session trading Friday. On Wednesday, UWM announced it had agreed to acquire mortgage real estate investment trust (mREIT) Two Harbors Investment . The deal is valued at $1.3 billion, UWM said, and will be paid for entirely in the company's stock. The acquirer, a wholesale mortgage lender, added that the deal "represents a powerful alignment of two highly complementary organizations -- positioning the combined company for accelerated growth and enhanced outcomes for UWM, brokers, consumers, and stockholders." UWM was surely enticed by Two Harb Show less Read more
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