A $1.3 Billion Mortgage Deal Went Wrong. Now UWM Wants $500 Million From Two Harbors.
UWM sues Two Harbors for over $500M after a failed deal led to a $603M hedge-related loss.
UWM lost a lot of money on a deal with Two Harbors and is asking them to pay $500 million to help fix it. When companies fight over money like this, it can distract them from their regular business, so watch to see if either company struggles.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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