Two Harbors Rebuts UWM in $500M Suit Over Failed Merger
UWMC says its $600 million loss is tied to a risk position and sues Two Harbors for breach of contract and fraud, seeking more than $500 million. Two Harbors counters that UWMC’s damages claims are demonstrably false and argues the terminated deal reflected UWMC’s market performance and governance concerns. The stock-for-stock merger was announced in Dec. 2025 and ended in March 2026.