Two Harbors Seeks More Votes, Delays UWM Merger Decision

Two Harbors Investment Corp. adjourned its Special Meeting of Stockholders on March 16, delaying a key vote on its proposed acquisition by UWM Holdings Corporation as it seeks additional shareholder support for the deal.

The meeting is scheduled to reconvene on March 24, with the adjournment intended to allow more time to solicit proxies in favor of the transaction. Votes already cast will remain valid unless revoked. Two Harbors’ board of directors has unanimously recommended that shareholders vote in favor of the merger.

The transaction, first announced in December 2025, is structured as an all-stock deal. Under the terms, Two Harbors shareholders would receive 2.3328 shares of UWMC Class A common stock for each share of Two Harbors common stock. The deal remains subject to shareholder approval and customary closing conditions, including regulatory clearances.

If approved, the acquisition would bring Two Harbors’ mortgage servicing rights (MSR) portfolio under the UWM umbrella — a move that could expand UWMC’s asset base and reshape its capital and servicing profile. The addition of MSRs, which provide recurring fee-based income, could also strengthen revenue stability and influence how the lender allocates resources to support its broker network.

The outcome of the March 24 vote will determine whether the deal moves forward, with mortgage professionals closely watching for potential ripple effects across the wholesale channel and broader secondary mortgage market.