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Mat Ishbia & Two Harbors Investment Corporation

1 shared events · Importance 3 · Last updated Aug 21, 2026

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Mat Ishbia, as CEO of United Wholesale Mortgage, was a public critic of Two Harbors Investment Corporation's leadership during a failed merger attempt between their companies, accusing Two Harbors of acting against UWM's interests.

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Regulatory
Mat Ishbia: CEO of UWM; admitted on the earnings call that the company was 'over-hedged' and that the Two Harbors transaction 'went away,' which triggered the stock drop and legal actions.
Two Harbors Investment Corporation: The failed acquisition target; terminated the merger agreement with UWM in March 2026 after receiving a competing cash offer from CrossCountry, triggering the hedge loss.
Aug 10, 2026 · 115 articles
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