Two Harbors Investment Corp. (NYSE:TWO) Reports Mixed Q4 2025 Results and Definitive Merger Agreement with UWM Holdings
Two Harbors Investment Corp. (NYSE:TWO) reported mixed Q4 2025 results, with a narrower-than-expected GAAP net loss but Earnings Available for Distribution (EAD) falling short of analyst estimates. The company also announced a definitive all-stock merger agreement with UWM Holdings Corporation (UWMC), valued at $11.94 per TWO share, expected to close in Q2 2026. This merger aims to create a combined entity with a substantial mortgage servicing rights portfolio.