UWM Denounces TWO Harbors Acquisition Deal, Calls Management's Decision "Ego-Driven"

United Wholesale Mortgage (UWM) responded to Two Harbors Acquisition deal, stating that TWO's management and board actions do not reflect shareholders' best interests. UWM aims to acquire TWO's servicing book, not operations, as there are no operational efficiencies to gain. UWM is in growth mode and will continue to be the market leader for the wholesale channel.