Summary：**UWMC Ups the Ante: $12.50 Per Share Deal to Secure Two Harbors Acquisition**PONTIAC, Mich. & NEW Y

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**UWMC Ups the Ante: $12.50 Per Share Deal to Secure Two Harbors Acquisition**

PONTIAC, Mich. & NEW YORK--(BUSINESS WIRE)--Jun 4, 2026-- UWM Holdings Corporation (“UWMC” or the “Company”) (NYSE: UWMC), a leading mortgage banking company, today issued an open letter to the stockholders of Two Harbors Investment Corp. (“Two Harbors”) (NYSE: TWO), announcing a revised acquisition offer of $12.50 per share, a significant increase from its previous proposal.

In a bold move to secure the acquisition, UWMC has raised its offer by 11% from the initial $11.25 per share proposal made in May. The enhanced deal underscores UWMC's commitment to completing the transaction and its confidence in the strategic value of Two Harbors' assets. The acquisition, if successful, would significantly expand UWMC's presence in the mortgage servicing rights (MSR) market and bolster its position as a leading player in the mortgage banking industry.

The mortgage banking sector has witnessed a surge in consolidation activities in recent years, driven by the need for scale and efficiency in a highly competitive environment. The proposed acquisition of Two Harbors by UWMC is a testament to this trend. Industry analysts view the deal as a strategic move by UWMC to strengthen its MSR portfolio and enhance its revenue streams. With the revised offer, UWMC is likely to gain more traction among Two Harbors' stockholders, potentially paving the way for a successful acquisition.

As the mortgage banking industry continues to evolve, companies with robust MSR portfolios and diversified revenue streams are poised to benefit. The acquisition, if completed, is expected to yield significant synergies for UWMC, enhancing its profitability and competitiveness. Moreover, the deal is likely to have a positive impact on the overall industry landscape, driving further consolidation and innovation.

In conclusion, UWMC's revised offer of $12.50 per share represents a significant escalation in its bid to acquire Two Harbors. The move is a clear indication of UWMC's determination to secure the deal and its confidence in the strategic rationale behind the acquisition. As the industry continues to navigate the challenges of a rapidly changing landscape, UWMC's proposed acquisition of Two Harbors is a development worth watching closely.