Key facts
- United Wholesale Mortgage (UWM) and Two Harbors Investment Corp. (TWO) executives exchanged emails.
- The emails concerned Two Harbors' pending acquisition by CrossCountry Mortgage (CCM).
- UWM CEO Mat Ishbia and Two Harbors CEO William "Bill" Hass were involved in the email exchange.
- Shareholder votes indicate opposition to the CCM deal.
- The opposition raises questions about the approval of the CCM acquisition.
Executives from United Wholesale Mortgage (UWM) and Two Harbors Investment Corp. (TWO) have exchanged heated emails in the lead-up to a shareholder vote on Two Harbors' pending acquisition by CrossCountry Mortgage (CCM). UWM CEO Mat Ishbia and Two Harbors CEO William "Bill" Hass were involved in this direct communication, which reportedly focused on the terms and potential ramifications of the CCM deal. Shareholder sentiment, as indicated by early voting, suggests a significant level of opposition to the acquisition. This opposition raises substantial questions about whether the CCM deal will secure the necessary approval from Two Harbors' shareholders. The exchange of emails underscores the high stakes and contentious nature of the proposed transaction as the companies approach a critical decision point.