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UWM Challenges Two Harbors–CrossCountry Merger After ISS Pushback

Story Highlights
  • ISS urged Two Harbors investors to reject the CrossCountry merger, citing concerns over the board’s process and UWM’s higher $12.50 offer.
  • UWM called on Two Harbors stockholders to vote against the merger and related proposals to preserve value and push engagement on its competing bid.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
UWM Challenges Two Harbors–CrossCountry Merger After ISS Pushback

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UWM Holding ( (UWMC) ) has shared an announcement.

On May 12, 2026, UWM Holdings announced that proxy advisory firm Institutional Shareholder Services recommended that stockholders of Two Harbors Investment Corp. vote against the proposed merger with CrossCountry Mortgage at a special meeting scheduled for May 19, 2026. ISS cited concerns over Two Harbors’ board process, the failure to fully capitalize on UWM’s competing $12.50-per-share offer, and questioned whether the CrossCountry deal reflects full value for investors.

ISS also advised Two Harbors investors to vote against the company’s golden parachute compensation proposal and against a measure allowing adjournment of the special meeting. UWM reiterated that it views rejection of the $12.00-per-share CrossCountry merger as the best way for Two Harbors stockholders to preserve value and optionality, and urged them to oppose the merger and related proposals to encourage the board to engage more directly with UWM’s higher-value bid.

The most recent analyst rating on (UWMC) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on UWM Holding stock, see the UWMC Stock Forecast page.

Spark’s Take on UWMC Stock

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

The score is held back primarily by uneven financial quality—especially volatile leverage history and weak/volatile recent cash flows—alongside bearish technical trends (trading below key moving averages with negative MACD). These risks are partly offset by a supportive valuation (low P/E and high dividend yield) and a generally positive recent earnings call highlighting volume growth, solid gain-on-sale margins, and execution on servicing/technology initiatives.

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

More about UWM Holding

UWM Holdings Corporation, based in Pontiac, Michigan, is the publicly traded parent of United Wholesale Mortgage, the nation’s largest home mortgage lender by volume. The company operates exclusively through the wholesale channel, working with independent mortgage brokers, and focuses on originating primarily conforming and government-backed residential loans across all 50 U.S. states and the District of Columbia.

Average Trading Volume: 17,084,844

Technical Sentiment Signal: Sell

Current Market Cap: $5.45B

Find detailed analytics on UWMC stock on TipRanks’ Stock Analysis page.

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