The Two Harbors acquisition saga will continue for at least one more week, after the company adjourned a shareholder meeting Tuesday. Processing Content The servicer said it postponed its special meeting to provide additional time for Two Harbors to solicit additional proxies, and for shareholders to vote in favor of the CrossCountry Mortgage bid. The […]
Two Harbors postpones CrossCountry acquisition vote Read More »
A Two Harbors shareholder will have a last-minute shot at halting a vote next week on the company’s pending merger with CrossCountry Mortgage. Processing Content A federal court will hold a hearing Monday morning to weigh a temporary restraining order on the vote, 24 hours before the company’s special meeting Tuesday. The servicer’s board of
Two Harbors investor seeking to halt CrossCountry vote Read More »
CrossCountry Mortgage is sweetening its deal for Two Harbors as it continues to best United Wholesale Mortgage’s offer. Processing Content The retail player Thursday said TWO stockholders will receive a pro-rated dividend for the quarter in which CrossCountry’s acquisition closes, subject to funds being legally available. The move would provide additional cash value of up
CrossCountry ups TWO offer in bidding war with UWM Read More »
The title insurance business is reliant on mortgage application activity to drive its results. The Mortgage Bankers Association’s April forecast reported an over 100,000 decline in unit volume of mortgage originations between the fourth and first quarters, from 1.57 million to 1.46 million. Processing Content Still for the four largest title underwriting families, the first
Fidelity, First American, Stewart, Old Republic report 1Q results Read More »
Artificial intelligence and changes in reporting rules are disrupting traditional appraisal operations in 2026, and tech providers are moving in with new solutions. Processing Content These changes come as housing affordability grabs the spotlight during the current Trump administration, with the president himself even chiming in this year on how the appraisal industry should find
AI disruption, UAD 3.6 rules bring upgrades to appraisal tech Read More »
The Two Harbors board of directors has rejected the updated hostile bid UWM Holdings made for the company, despite being 50 cents more per share than CrossCountry Mortgage is paying. Processing Content UWM’s latest offer of $12.50 does not constitute a “company superior offer,” the Two Harbors press release said. The rejection notice said the
Two Harbors rejects UWM’s hostile $12.50 offer Read More »
Dream Finders Homes is taking a more aggressive stance to acquire a fellow residential builder with a new proposed all-cash offer, publicizing its attempts after being rebuffed earlier this year. Processing Content The Jacksonville, Florida-based company made the latest move for Beazer Homes on May 5, with an offer of $25.75 per outstanding share, a
Dream Finders goes hostile in Beazer takeover bid Read More »
After CrossCountry Mortgage matched its $12 per share cash offer for Two Harbors Investment, UWM Holdings raised its bid by 50 cents, saying it provides “clearly superior value.” Processing Content The latest bid was disclosed Monday morning before the markets opened. However, for those looking to take the stock option, this has remained unchanged at
UWM raises Two Harbors offer again, this time by 50 cents Read More »
eXp World Holdings, the parent company of eXp Realty, FrameVR.io and Success Enterprise, has acquired real estate franchise NextHome, it announced in a press release Thursday. Financial details of the transaction were not disclosed. Processing Content The company will also trade under the new ticker symbol AGNT on the Nasdaq Global Market starting Friday. “The
eXp expands platform with acquisition of NextHome Read More »
CrossCountry Mortgage has equaled UWM Holdings’ $12 per share offer for Two Harbors Investment, an increase of 70 cents from the agreed to transaction. Processing Content Previously, the Two Harbors’ board rejected the latest entreaty from UWM. But the change likely reflects, among other things, the elevated Two Harbors stock price since this bidding war
CrossCountry raises its Two Harbors bid to $12 per share Read More »