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Two Harbors Announces Merger Agreement with UWM

Story Highlights
  • Two Harbors is a REIT focused on mortgage servicing rights and financial investments, while UWM leads in mortgage lending through independent brokers.
  • UWM’s acquisition of Two Harbors, valued at $1.3 billion, will double its mortgage servicing portfolio and enhance profitability and scalability.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Two Harbors Announces Merger Agreement with UWM

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Two Harbors ( (TWO) ) has provided an update.

On December 17, 2025, Two Harbors Investment Corp. and UWM Holdings Corporation announced a definitive merger agreement, where UWM will acquire Two Harbors in an all-stock transaction valued at $1.3 billion. The acquisition aims to enhance UWM’s servicing capabilities and double its mortgage servicing portfolio to $400 billion, creating synergies worth approximately $150 million annually. The merger, unanimously approved by both companies’ Boards, strengthens UWM’s leadership in the mortgage industry, expands its market reach, and provides meaningful opportunities for stockholders, brokers, and consumers. This strategic alignment also anticipates significant operational efficiencies and enhanced financial stability for the combined entity.

The most recent analyst rating on (TWO) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Two Harbors stock, see the TWO Stock Forecast page.

Spark’s Take on TWO Stock

According to Spark, TipRanks’ AI Analyst, TWO is a Neutral.

Two Harbors’ overall stock score reflects a mixed financial performance with challenges in profitability and cash flow. Positive technical indicators and a high dividend yield provide some support, while the earnings call reveals both strategic progress and financial setbacks. The company’s focus on growth and MSR strategy offers potential for future improvement.

To see Spark’s full report on TWO stock, click here.

More about Two Harbors

Two Harbors Investment Corp. (TWO) is a real estate investment trust (REIT) based in St. Louis Park, Minnesota, specializing in mortgage servicing rights (MSRs), residential mortgage-backed securities, and other financial assets. Its wholly-owned subsidiary, RoundPoint Mortgage Servicing LLC, is one of the largest servicers of conventional mortgages nationwide. UWM Holdings Corporation (UWMC), headquartered in Pontiac, Michigan, is the parent company of United Wholesale Mortgage (UWM), the largest wholesale and purchase mortgage lender in the United States, renowned for innovation in technology, customer experience, and its focus on independent mortgage brokers.

Average Trading Volume: 1,590,787

Technical Sentiment Signal: Sell

Current Market Cap: $1.03B

See more insights into TWO stock on TipRanks’ Stock Analysis page.

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