Ishbia’s Mortgage Bid Falls Through | Real Estate News

Mat Ishbia’s bid to buy Two Harbors fizzled as shareholders chose CrossCountry’s all-cash $12/share offer over UWM’s higher but conditional $12.50 bid, ending a fierce bidding war and handing CrossCountry a lucrative mortgage servicing portfolio. The drama began when UWM’s stock slump devalued the original deal, prompting Two Harbors to reopen talks — and fueling accusations of board missteps, even a shareholder lawsuit. Though UWM insists its proposal was superior, the move underscores Ishbia’s strategic push to secure stable servicing revenue amid a shaky mortgage market. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1d4fdb24b44ac661