TWO Enters Merger Agreement with CrossCountry for $10.80 Per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 27 2026
0mins
Should l Buy TWO?
Source: Newsfilter
- Merger Agreement Details: TWO has entered into a merger agreement with CrossCountry, where shareholders will receive $10.80 in cash per share, with the transaction expected to close in the second half of 2026, marking TWO's transition to a wholly-owned subsidiary of CrossCountry and enhancing market competitiveness.
- Termination of Previous Agreement: TWO has terminated its merger agreement with UWM Holdings, paying a $25.4 million termination fee, indicating a strategic shift towards integration with CrossCountry aimed at optimizing resource allocation and enhancing service capabilities.
- Cancellation of Shareholder Meeting: The special meeting scheduled for April 7, 2026, has been canceled, reflecting the unanimous support of the TWO Board for the new merger agreement, which is expected to bolster shareholder confidence in future earnings.
- Market Integration Effects: This merger will combine TWO's mortgage servicing rights with CrossCountry's retail lending platform, creating an integrated mortgage company that is anticipated to improve customer retention and lower customer acquisition costs, driving long-term growth.
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Analyst Views on TWO
Wall Street analysts forecast TWO stock price to fall
5 Analyst Rating
1 Buy
4 Hold
0 Sell
Hold
Current: 11.120
Low
10.00
Averages
10.88
High
12.50
Current: 11.120
Low
10.00
Averages
10.88
High
12.50
About TWO
Two Harbors Investment Corp. is a real estate investment trust (REIT) that invests in mortgage servicing rights (MSR), residential mortgage-backed securities and other financial assets. The Company, through its operational platform, RoundPoint Mortgage Servicing LLC, is a servicer of conventional loans. The Company, through its subsidiary, TH MSR Holdings LLC, holds the requisite approvals from Fannie Mae and Freddie Mac to own and manage MSR. Its Agency residential mortgage-backed securities portfolio is comprised of fixed rate mortgage-backed securities backed by single-family and multi-family mortgage loans. Its other assets may include financial and mortgage-related assets other than its target assets, including non-Agency securities (securities that are not issued or guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac), other Agency securities and certain non-hedging transactions that may produce non-qualifying income for purposes of REIT gross income tests.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Two Harbors Investment Corp Announces Q1 2026 Earnings Release Schedule
- Earnings Release Schedule: Two Harbors Investment Corp will release its financial results for the quarter ended March 31, 2026, after market close on April 28, 2026, reflecting the company's commitment to transparency and shareholder communication.
- Conference Call Timing: The company will host a conference call on April 29, 2026, at 9:00 a.m. ET to review the financial results, aiming to enhance investor understanding of the company's performance.
- Webcast Information: The conference call will be webcast live and accessible on the company's website, ensuring that all shareholders and interested parties can receive real-time information, thereby improving information accessibility.
- Replay Arrangement: For those unable to attend live, a replay will be available approximately four hours after the call ends, further demonstrating the company's commitment to investor relations and information transparency.
See More
Investor Rights Law Firm Investigates Multiple Companies
- Potential Violation Investigation: Halper Sadeh LLC is investigating Veris Residential, Inc. (NYSE:VRE) regarding its sale to an investor consortium led by Affinius Capital and Vista Hill Partners for $19.00 per share, which may infringe on shareholder rights.
- Shareholder Rights Protection: The firm is also examining Select Medical Holdings Corporation (NYSE:SEM) concerning its sale to a consortium of executives and directors for $16.50 in cash per share, encouraging shareholders to understand their rights and options.
- Stock Exchange Transaction: Two Harbors Investment Corp. (NYSE:TWO) is involved in a transaction with UWM Holdings Corporation, where each share of Two Harbors common stock is exchanged for 2.3328 shares of UWM Class A Common Stock, with Halper Sadeh LLC potentially seeking increased consideration for shareholders.
- Legal Fee Arrangement: Halper Sadeh LLC offers legal services on a contingency fee basis, meaning shareholders do not incur out-of-pocket legal fees when addressing these matters, aiming to protect investor rights and pursue potential compensation.
See More
UWMC's Acquisition of Two Harbors Terminated
- Acquisition Termination: UWMC announced the termination of its acquisition agreement with Two Harbors Investment after the latter signed a new merger agreement with CrossCountry Mortgage, indicating that Two Harbors' management decisions do not reflect the best interests of their shareholders.
- Management Controversy: UWMC highlighted that the same management team at Two Harbors, which had to settle a $375 million lawsuit last summer, is making controversial decisions again, suggesting that their choices may be driven more by ego than sound judgment.
- Strategic Intent: UWMC's original strategy was to acquire Two Harbors' servicing book rather than its operations, asserting that there are no operational efficiencies to gain since its own operations are already best in class.
- Competitive Bidding: Two Harbors opted for CrossCountry Mortgage's superior offer of $10.80 per share over UWMC's $10.70 proposal, reflecting the intense competition in the market and the emphasis on maximizing shareholder value.
See More
US Stocks Plunge as Oil Prices Surge Amid Iran Conflict
- Market Decline: The S&P 500 index fell by 1.67%, marking a 7-month low, while the Nasdaq 100 and Dow Jones Industrial Average dropped by 1.93% and 1.73%, respectively, indicating heightened concerns over economic slowdown.
- Oil Price Surge: WTI crude oil prices surged over 5% due to fears surrounding the Iran conflict, which not only exacerbates inflation expectations but may also compel the Federal Reserve to tighten monetary policy, impacting overall economic growth.
- Consumer Sentiment Drop: The University of Michigan's consumer sentiment index was revised down to 53.3 from 55.5, below the expected 54.0, reflecting a pessimistic outlook among consumers regarding future economic conditions, potentially suppressing consumer spending.
- Escalating US-China Trade Tensions: China launched investigations into US trade practices targeting restrictions on Chinese goods, which could further disrupt global supply chains and increase market uncertainty.
See More
UWM HOLDINGS CORP: TWO HARBORS MANAGEMENT AND BOARD'S DECISIONS FAIL TO SERVE SHAREHOLDER INTERESTS
Management Actions: The management and board of Two Harbors Investment Corp. have taken actions that do not align with the best interests of their shareholders.
Shareholder Concerns: There are significant concerns regarding the decisions made by the management and board, indicating a potential disconnect from shareholder priorities.
See More
UWMC Addresses Two Harbors Acquisition Agreement
Response to Two Harbors Acquisition: UWM has issued a statement regarding the acquisition of Two Harbors Investment Corp, addressing the implications and their stance on the deal.
Market Reactions: The announcement has led to varied reactions in the market, with analysts weighing in on the potential impact of the acquisition on both companies involved.
Strategic Considerations: UWM outlines its strategic considerations in light of the acquisition, emphasizing its commitment to maintaining competitive advantages in the industry.
Future Outlook: The company discusses its future outlook post-acquisition, indicating plans for growth and adaptation in response to the changing market landscape.
See More
Two Harbors Investment Corp Announces Q1 2026 Earnings Release Schedule
- Earnings Release Schedule: Two Harbors Investment Corp will release its financial results for the quarter ended March 31, 2026, after market close on April 28, 2026, reflecting the company's commitment to transparency and shareholder communication.
- Conference Call Timing: The company will host a conference call on April 29, 2026, at 9:00 a.m. ET to review the financial results, aiming to enhance investor understanding of the company's performance.
- Webcast Information: The conference call will be webcast live and accessible on the company's website, ensuring that all shareholders and interested parties can receive real-time information, thereby improving information accessibility.
- Replay Arrangement: For those unable to attend live, a replay will be available approximately four hours after the call ends, further demonstrating the company's commitment to investor relations and information transparency.
See More
Investor Rights Law Firm Investigates Multiple Companies
- Potential Violation Investigation: Halper Sadeh LLC is investigating Veris Residential, Inc. (NYSE:VRE) regarding its sale to an investor consortium led by Affinius Capital and Vista Hill Partners for $19.00 per share, which may infringe on shareholder rights.
- Shareholder Rights Protection: The firm is also examining Select Medical Holdings Corporation (NYSE:SEM) concerning its sale to a consortium of executives and directors for $16.50 in cash per share, encouraging shareholders to understand their rights and options.
- Stock Exchange Transaction: Two Harbors Investment Corp. (NYSE:TWO) is involved in a transaction with UWM Holdings Corporation, where each share of Two Harbors common stock is exchanged for 2.3328 shares of UWM Class A Common Stock, with Halper Sadeh LLC potentially seeking increased consideration for shareholders.
- Legal Fee Arrangement: Halper Sadeh LLC offers legal services on a contingency fee basis, meaning shareholders do not incur out-of-pocket legal fees when addressing these matters, aiming to protect investor rights and pursue potential compensation.
See More
UWMC's Acquisition of Two Harbors Terminated
- Acquisition Termination: UWMC announced the termination of its acquisition agreement with Two Harbors Investment after the latter signed a new merger agreement with CrossCountry Mortgage, indicating that Two Harbors' management decisions do not reflect the best interests of their shareholders.
- Management Controversy: UWMC highlighted that the same management team at Two Harbors, which had to settle a $375 million lawsuit last summer, is making controversial decisions again, suggesting that their choices may be driven more by ego than sound judgment.
- Strategic Intent: UWMC's original strategy was to acquire Two Harbors' servicing book rather than its operations, asserting that there are no operational efficiencies to gain since its own operations are already best in class.
- Competitive Bidding: Two Harbors opted for CrossCountry Mortgage's superior offer of $10.80 per share over UWMC's $10.70 proposal, reflecting the intense competition in the market and the emphasis on maximizing shareholder value.
See More
US Stocks Plunge as Oil Prices Surge Amid Iran Conflict
- Market Decline: The S&P 500 index fell by 1.67%, marking a 7-month low, while the Nasdaq 100 and Dow Jones Industrial Average dropped by 1.93% and 1.73%, respectively, indicating heightened concerns over economic slowdown.
- Oil Price Surge: WTI crude oil prices surged over 5% due to fears surrounding the Iran conflict, which not only exacerbates inflation expectations but may also compel the Federal Reserve to tighten monetary policy, impacting overall economic growth.
- Consumer Sentiment Drop: The University of Michigan's consumer sentiment index was revised down to 53.3 from 55.5, below the expected 54.0, reflecting a pessimistic outlook among consumers regarding future economic conditions, potentially suppressing consumer spending.
- Escalating US-China Trade Tensions: China launched investigations into US trade practices targeting restrictions on Chinese goods, which could further disrupt global supply chains and increase market uncertainty.
See More
UWM HOLDINGS CORP: TWO HARBORS MANAGEMENT AND BOARD'S DECISIONS FAIL TO SERVE SHAREHOLDER INTERESTS
Management Actions: The management and board of Two Harbors Investment Corp. have taken actions that do not align with the best interests of their shareholders.
Shareholder Concerns: There are significant concerns regarding the decisions made by the management and board, indicating a potential disconnect from shareholder priorities.
See More
UWMC Addresses Two Harbors Acquisition Agreement
Response to Two Harbors Acquisition: UWM has issued a statement regarding the acquisition of Two Harbors Investment Corp, addressing the implications and their stance on the deal.
Market Reactions: The announcement has led to varied reactions in the market, with analysts weighing in on the potential impact of the acquisition on both companies involved.
Strategic Considerations: UWM outlines its strategic considerations in light of the acquisition, emphasizing its commitment to maintaining competitive advantages in the industry.
Future Outlook: The company discusses its future outlook post-acquisition, indicating plans for growth and adaptation in response to the changing market landscape.
See More
