A $1.3 Billion Mortgage Deal Went Wrong. Now UWM Wants $500 Million From Two Harbors.
UWM sues Two Harbors for over $500M after a failed deal led to a $603M hedge-related loss.
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TWO ((Two Harbors Investment Corp., NYSE:TWO), an MSR-focused REIT, today announced that it has received the final regulatory approval for its previously announced merger with CrossCountry Mortgage, LLC ("CCM").
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UWM sues Two Harbors for over $500M after a failed deal led to a $603M hedge-related loss.
Two Harbors Inv (NYSE:TWO) reported quarterly earnings of $0.28 per share which met the analyst consensus estimate. This is unchanged from the same period last year. The company reported quarterly sales of $(6.021