Two Harbors Investment Acquired by CrossCountry Mortgage | Financial Services M&A Deal

CrossCountry Mortgage has agreed to acquire Two Harbors Investment, a mortgage business in New York, for $11.30 per share in an all-cash merger acquisition. Two Harbors Investment is a mortgage-focused REIT that holds mortgage assets and issues preferred stock, with Series A, B and C preferred redemption at $25 per share plus accrued dividends. CrossCountry Mortgage acquisitions target mortgage servicing rights and related cash-flow opportunities, supporting strategic acquisition activity in financial services M&A and NY acquisitions. The strategic acquisition follows a competing unsolicited proposal from UWM, prompting an amended merger agreement and a May 19 shareholder vote, with a Q3 2026 close expected. Deal size is reported in the $10M–$25M range, with the amended consideration reflecting the per-share increase from $10.80.