Industry Watch: CCM, Pennymac, Checkr and others make key moves in August
CrossCountry Mortgage (CCM) closed its acquisition of Two Harbors Investment Corp. (TWO), expanding its mortgage servicing reach through the addition of wholly owned subsidiary RoundPoint Mortgage Servicing. The deal pays TWO shareholders $12 per share of common stock, plus a stub dividend of $0.20326 per share. It marks the conclusion of CCM’s contentious bidding war…