Key facts
- Two Harbors Investment Corp. shareholders approved the company's sale.
- CrossCountry Mortgage (CCM) is acquiring Two Harbors Investment Corp.
- The sale price is $12 per share.
- United Wholesale Mortgage (UWM) was a competing bidder.
- The bidding process lasted for months.
- The deal is expected to close in August 2026.
Shareholders of Two Harbors Investment Corp. have officially approved the company's acquisition by CrossCountry Mortgage (CCM). The approved sale price is $12 per share, a figure that emerged after a protracted bidding war. United Wholesale Mortgage (UWM) was also a contender in the months-long contest for Two Harbors. This strategic move by CrossCountry Mortgage aims to expand its market presence and capabilities. The transaction is projected to be completed by August 2026, signaling the end of Two Harbors' tenure as an independent entity. The approval by shareholders represents a crucial step in the regulatory and closing process for the deal. Further details regarding the integration of operations and leadership are expected as the closing date approaches.