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

United Wholesale Mortgage has proposed the acquisition of Two Harbors Investment, a mortgage business in Michigan, for $12 per share. United Wholesale Mortgage acquisitions target mortgage assets and funding platforms, while Two Harbors Investment operates in the mortgage sector with a focus on MI mortgage investing. The United Wholesale Mortgage acquisition follows Two Harbors Investment acquisition board rejection of the $12 offer and a reaffirmation of an $11.30 per share cash deal with CrossCountry. This other acquisition is part of financial services M&A and other acquisition strategy by a strategic buyer, with UWM citing a $1.3 billion Mizuho bridge facility to support financing and disputing closing and credibility risks.