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DETROIT (TNS) — In a move that significantly expands its footprint in the mortgage servicing landscape, Pontiac, Michigan-based United Wholesale Mortgage Holdings Corp. said Wednesday it would acquire Two Harbors Investment Corp. in an all-stock deal valued at $1.3 billion.
The merger combines United Wholesale Mortgage with Two Harbors, a real estate investment trust and a servicer of conventional mortgages through its subsidiary, RoundPoint Mortgage Servicing LLC.
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