Two Harbors calls UWM lawsuit ‘frivolous,’ slams management for $600M hedge loss
Two Harbors Investment Corp. is pushing back on a lawsuit filed this week by UWM Holdings Corp., calling the complaint “frivolous,” “meritless” and “illogical."
Two Harbors Investment Corp. is pushing back on a lawsuit filed this week by UWM Holdings Corp., calling the complaint “frivolous,” “meritless” and “illogical."
BELLINGS Intelligence Score: 12
Why it matters
This is a legal dispute between two companies involving a $600M hedge loss allegation, which is primarily a company-specific conflict without broader market or regulatory implications.
Sources
HousingWire
Two Harbors calls UWM lawsuit ‘frivolous,’ slams management for $600M hedge loss
Two Harbors Investment Corp. is pushing back on a lawsuit filed this week by UWM Holdings Corp., calling the complaint “frivolous,” “meritless” and “illogical."