UWM Holdings to acquire Two Harbors Investment for $1.3bn.

UWM Holdings, the parent of United Wholesale Mortgage, agreed to acquire Two Harbors Investment, an MSR-focused REIT, for $1.3bn. “This transaction is a true win for both stockholders and our mortgage broker partners, which is why it makes so much sense. The timing of doubling our servicing book as we bring servicing in-house is the perfect alignment, allowing us to deliver meaningful upside to stockholders and leverage increased cash flow to invest deeper into the broker network,” Mat Ishbia, UWM Chairman, President and CEO.