UWMC · UWM Holdings Corp

All Stockholders May Elect Cash if They so Choose; Clearly Superior Offer Represents Higher Value than Pending CCM Merger Urges TWO Stockholders to Vote AGAINST the CCM Proposal and Demand Engagement with UWMC Encourages TWO Stockholders to Read UWMC’s Preliminary Proxy on File with SEC UWM Holdings Corporation (“UWMC” or the “Company”) (NYSE: UWMC) , announced that it will be submitting later today a revised proposal to the Board of Directors of Two Harbors Investment Corp. (“Two Harbors” or “TWO”) (NYSE: TWO) to acquire all outstanding shares of Two Harbors for $12.50 per share in cash or 2.3328 shares of UWMC stock (the “May 11 Premium Proposal”). The May 11 Premium Proposal will provide TWO stockholders with clearly superior value compared to the proposed transaction with CrossCountry Mortgage, LLC (“CrossCountry” or “CCM”) for $12.00 per share in cash (the “Proposed CCM Merger”). UWMC also issued an open letter to TWO stockholders outlining the May 11 Premium Proposal and urging

Loan Origination Volume of $44.9 Billion; Net income of $170.4 million UWM Holdings Corporation (NYSE: UWMC) (“UWMC” or the “Company”), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), today announced its results for the first quarter ended March 31, 2026. Total loan origination volume was $44.9 billion for the first quarter 2026, up 39% year-over-year, and the second-highest first quarter production in company history. The Company reported 1Q26 total revenue of $901.4 million, net income of $170.4 million and adjusted EBITDA of $160.9 million. Mat Ishbia, Chairman, Chief Executive Officer and President of UWMC, said, “ Q1 was an exceptional quarter for UWM and our second‑best first quarter of all time. The last time we delivered results of this magnitude, interest rates were nearly 50% lower, which underscores the strength, scale and resilience of our business. Our team and broker partners executed at the highest level, using UWM’s proprietary technology and

Questions Board’s Basic Math After Baffling Rejection of its Superior $12.00 Acquisition Proposal TWO Board Takes Three Days to Conclude $11.30 in Cash is Better Than $12.00 Cash Option UWM Holdings Corporation (“UWMC” or the “Company”) (NYSE: UWMC) , today responded to the press release issued by Two Harbors Investment Corp. (“Two Harbors” or “TWO”) (NYSE: TWO) rejecting UWMC’s $12.00 per share acquisition proposal and reaffirming the support of its Board for its $11.30 per share transaction with CrossCountry Mortgage, LLC (“CrossCountry”): “The TWO Board’s interpretation of the numbers don’t reflect the underlying math. UWMC’s fully financed $12.00 per share offer is clearly superior to $11.30 and provides a stock option on top of it, and the TWO Board is contorting itself with illogical arguments to suggest otherwise, preventing TWO stockholders from even the opportunity to receive significantly higher value. “The TWO Board’s arguments about the risks of closing a deal with UWMC

Delivers amended offer to TWO Board allowing stockholders to elect $12.00 per share in cash ($0.70 per share more, or more than 6% higher, than CrossCountry Mortgage) or 2.3328 shares of UWMC common stock with no cap or proration on the amount of cash Urges Two Harbors stockholders to tell the TWO Board that it must exercise its fiduciary duty to maximize value for its stockholders and negotiate in good faith with UWMC UWMC provides additional detail on its prior offer not previously disclosed by the TWO board, the amended offer delivered today and why UWMC’s new offer is so clearly superior UWM Holdings Corporation (“UWMC”) (NYSE: UWMC) , today issued an open letter to the stockholders of Two Harbors Investment Corp. (“Two Harbors”) (NYSE: TWO) . The letter sets out why UWMC’s new $12 per share offer is clearly superior to Two Harbors’ proposed transaction with CrossCountry. The letter also outlines how Two Harbors’ Board and management have not been working in the best interests of

UWM Holdings Corporation ( NYSE:UWMC ), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its first quarter 2026 financial results on Wednesday, May 6, 2026. A press release with financial highlights will be available on the company’s investor relations website https://investors.uwm.com in the financials section. The company will also host a Q&A via Zoom with UWMC Chairman, President and Chief Executive Officer Mat Ishbia for financial analysts and investors on Wednesday, May 6, 2026, at 11:00 a.m. ET. Interested participants are encouraged to submit questions in advance by emailing [email protected] no later than 10:00 a.m. ET on May 6, 2026. The Zoom call may be accessed by registering here: https://uwm.zoom.us/webinar/register/WN_eZ1x8OrhQjWXUFFZTYD47A Please join at least 15 minutes in advance to ensure a timely connection to the call. This Q&A

UWMC today issued the following statement regarding its proposal to acquire TWO. “The actions by TWO’s management and board do not reflect the best interests of their shareholders. The same team that had to settle a $375 million lawsuit this past summer is at it again. TWO’s decision appears to be driven more by ego, than by sound judgment. The deal for us was a strategy to acquire their servicing book, not their operations, as ultimately there are no operational efficiencies to gain — UWMs operations are best in class. Unlike TWO’s business, which is effectively a melting ice cube, we are in growth mode and will continue to be the market leader for the wholesale channel in support of our broker clients and team members.” About UWM Holdings Corporation and United Wholesale Mortgage Headquartered in Pontiac, Michigan, UWM Holdings Corporation (UWMC) is the publicly traded indirect parent of United Wholesale Mortgage, LLC (“UWM”). UWM is the nation’s largest home mortgage lender,

UWM Holdings Corporation (NYSE: UWMC) (“UWMC” or the “Company”), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), the #1 overall mortgage lender in America, provides an update on its forecast in advance of the upcoming stockholder meeting of Two Harbors Investment Corp. (NYSE: TWO) (“Two Harbors”). To provide greater insight into the market, UWMC is updating its outlook for first-quarter total revenue as well as additional insight into its anticipated business results for the 2026 fiscal year. Mat Ishbia, Chairman, President, and CEO of UWM, said, “Upon further evaluation, we believe it is important to provide an update on our outlook for Q1 and for fiscal year 2026. UWM’s total loan origination volume was $49.6 billion for the fourth quarter of 2025, which represents its highest quarterly origination volume since 2021. Additionally, our core business fundamentals remain very strong. Even

Loan Origination Volume of $49.6 Billion; Largest Quarterly Originations Since 2021 UWM Holdings Corporation (NYSE: UWMC) (“UWMC” or the “Company”), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), today announced its results for the fourth quarter and full year ended December 31, 2025. Total loan origination volume was $49.6 billion for the fourth quarter 2025 and $163.4 billion for the full year 2025. The Company reported 4Q25 total revenue of $945.2 million, net income of $164.5 million and adjusted EBITDA of $232.8 million. The Company reported full year 2025 total revenue of $3.2 billion, net income of $244.0 million and adjusted EBITDA of $697.3 million. Mat Ishbia, Chairman, Chief Executive Officer and President of UWMC, said, "I am proud of our team. We had another strong quarter financially, and an outstanding year overall. We have incredible scale, a low-cost model, and, with in-house servicing, the new

UWM Holdings Corporation ( NYSE:UWMC ), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its fourth quarter 2025 and full year 2025 financial results on Wednesday, February 25, 2026. A press release with financial highlights will be available on the company’s investor relations website https://investors.uwm.com in the earnings release section. UWM will host a conference call for financial analysts and investors on Wednesday, February 25, 2026, at 10:30 a.m. ET to review the results and answer questions. Interested parties may register for a toll-free dial-in number by visiting: https://registrations.events/direct/Q4I95366717526 . Please dial in at least 15 minutes in advance to ensure a timely connection to the call. Audio webcast, taped replay and transcript will be available on the UWM investor relations website. About UWM Holdings Corporation and United