UWM Holdings Corporation announced the strategic acquisition of Two Harbors Investment Corp.
The acquisition aims to expand UWM's servicing portfolio and capabilities, enhancing profitability and resilience.
The all-stock transaction is valued at $1.3 billion in equity, solidifying UWM's market position and growth prospects.
Strategic Acquisition
The acquisition of Two Harbors Investment Corp. strengthens UWM's long-term vision and is expected to unlock opportunities for increased profitability and cash flow.
Portfolio Expansion
UWM will nearly double its MSR portfolio to approximately $400 billion, creating significant recurring revenues and cost synergies of $150 million annually.
Enhanced Market Position
The combined company will serve over $400 billion in MSR, ranking number 8 among servicers nationwide, and provide world-class mortgage services.
- The transaction aligns both companies for accelerated growth and enhanced outcomes, benefiting UWM, brokers, consumers, and stockholders.
- UWM's strengthened balance sheet and cash flow from the acquisition will support continued growth investments and dividend rewards for stockholders.
The acquisition solidifies UWM's position as a leading mortgage lender and sets the stage for significant growth and synergies in the mortgage servicing industry.