UWM Holdings acquires Two Harbors Investment Corp. for $1.3B

UWM Holdings Corp. announced it has acquired Two Harbors Investment Corp. in an all-stock deal for $1.3 billion in equity value This transaction is expected to provide UWM with, among other things, an expanded mortgage servicing rights portfolio valued at about $400 billion, and the combined company will rank number 8 among servicers nationwide, according to UWM.