OCM provided capital injection to UWM during financial distress, while Two Harbors abandoned the merger talks with CCM.
2 reports, 2 independent
Updated Oct 6
Gone quiet
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What happened
OCM provided capital injection to UWM during financial distress, while Two Harbors abandoned the merger talks with CCM.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Mat Ishbia allegedly failed to disclose a massive market bet and chose CrossCountry's offer over UWM.1 source
UWM needed capital due to financial distress, leading to the abandonment of the merger talks with CCM.1 source