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UWM Holding Challenges Two Harbors Board Over Rejected Bid

Story Highlights
  • UWM challenges Two Harbors’ rejection of its higher $12 offer, insisting its fully financed bid with a stock option is superior to the $11.30 CrossCountry deal.
  • UWM claims Two Harbors’ board is acting against shareholder interests on dubious risk arguments and is weighing steps to secure investor access to the richer proposal.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
UWM Holding Challenges Two Harbors Board Over Rejected Bid

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UWM Holding ( (UWMC) ) has provided an update.

On May 4, 2026, UWM Holdings sharply criticized Two Harbors Investment Corp.’s board for rejecting its $12.00-per-share acquisition proposal in favor of an $11.30-per-share cash deal with CrossCountry Mortgage. UWM argued that its fully financed bid, which also includes a stock option component and a $1.3 billion committed bridge facility from Mizuho Bank, offers clearly superior value and fewer financing uncertainties than the rival transaction.

The company accused the Two Harbors board of using illogical and disingenuous arguments about closing risk, noting that the same board had previously recommended a transaction with UWM and that Mizuho has removed a due diligence condition that directors cited as a concern. UWM said the board’s stance is harmful to Two Harbors shareholders and signaled it is evaluating options to ensure investors have a chance to secure the higher $12-per-share consideration, escalating a contested takeover battle in the mortgage and real estate finance sector.

The most recent analyst rating on (UWMC) stock is a Buy with a $10.00 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 primarily held back by weak and volatile cash generation and historically high leverage/capital-structure instability, despite a sharp 2025 revenue and earnings rebound. Technicals also remain bearish with the stock trading below key moving averages and negative MACD. Offsetting supports include a moderate P/E, a very high dividend yield, and generally constructive guidance/strategy updates tied to cost efficiency and the Two Harbors deal.

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, partnering with independent mortgage brokers to originate primarily conforming and government loans across all 50 U.S. states and the District of Columbia.

UWM has been the largest wholesale mortgage lender for 11 consecutive years and is also the leading purchase mortgage lender nationally. It emphasizes proprietary technology platforms, service quality and broker relationships as key differentiators in the competitive U.S. residential mortgage market.

Average Trading Volume: 16,183,640

Technical Sentiment Signal: Sell

Current Market Cap: $5.96B

Learn more about UWMC stock on TipRanks’ Stock Analysis page.

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