UWM Holdings and CrossCountry Mortgage finalized an all-stock merger agreement valued at $1.3 billion amid competing offers.

1 report, 1 independent Updated Aug 17

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

UWM Holdings CrossCountry Mortgage

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Part of

CrossCountry Mortgage offered a bid for Two Harbors, and UWM Holdings planned to acquire the company. All 2 developments

The entities involved

UWM Holdings
Wholesale Mortgage Lender
- United Wholesale Mortgage is the nation's largest home mortgage lender, owned by UWM Holdings and headquartered in Pontiac, Michigan.Sun 01:15
- Oaktree invested in UWM Holdings, UWM failed to acquire Two Harbors, and Mat Ishbia was approved as majority owner of the Phoenix Suns.Wed 13:47
CrossCountry Mortgage
Mortgage lending institution

Nothing else this week.

Coverage

Newest first; wire copies grouped

Aug 17prnewswire.com