UWMC Responds to TWO’s Mischaracterization of Discussions

UWMC Responds to TWO’s Mischaracterization of Discussions

TWO’s Self-Imposed, Arbitrary Restrictions on Both Process and Terms are a Ruse, and Impede Opportunities to Maximize Stockholder Value

TWO Board Should Finally Listen to Stockholders, Who Clearly Do Not Support CCM Transaction or Continued Adjournments

UWMC Stands Ready to Engage in Open, Good-Faith Discussions

UWM Holdings Corporation (“UWMC” or the “Company”) (NYSE: UWMC), today responded to the letter from Two Harbors Investment Corp. (“Two Harbors” or “TWO”) (NYSE: TWO) to its stockholders mischaracterizing discussions between UWMC and TWO that have taken place over the last week, following TWO’s decision to adjourn the special meeting to vote on TWO’s proposed merger with CrossCountry Mortgage, LLC ("CrossCountry" or "CCM") for a third time.