07:52 AM EDT, 03/27/2026 (MT Newswires) -- Two Harbors Investment ( TWO/PA ) said Friday that it agreed to be acquired by CrossCountry Mortgage affiliate CrossCountry Intermediate in an all-cash deal valuing its shares at $10.80 each.

The mortgage REIT said it also terminated its prior merger agreement with UWM (UWMC). CrossCountry said it agreed to pay a $25.4 million termination fee tied to that deal.

A previously scheduled April 7 shareholder meeting on the UWMC transaction has been canceled, the company added.

Two Harbors' board unanimously approved the new agreement, the company said. The deal is expected to close in H2 2026, subject to shareholder and regulatory approvals, it added.