Ishbia’s Mortgage Takeover Attempt Fails, Ending Monthslong Feud

After months of delay and drama, shareholders of mortgage servicer Two Harbors Investment Corp. voted to approve a merger deal with CrossCountry Mortgage Thursday. The preliminary vote was a blow...

By Dylan Sloan, Emily Flitter · Bloomberg Markets

After months of delay and drama, shareholders of mortgage servicer Two Harbors Investment Corp. voted to approve a merger deal with CrossCountry Mortgage Thursday. The preliminary vote was a blow to Mat Ishbia’s UWM Holdings Corp., which was also courting Two Harbors as an antidote to its severe stock slide.