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Group 1 - UWM Holdings Corporation is considered one of the cheap stocks to buy for the next 3 years, with Goldman Sachs lowering its price target to $5 from $6 while maintaining a Neutral rating [1] - Goldman Sachs anticipates a multi-year fundamental recovery for UWM Holdings driven by steady loan growth, net interest income momentum, and positive operating leverage, despite credit risk being a primary uncertainty [1][3] - The company announced a definitive merger agreement to acquire Two Harbors Investment Corp. for approximately $1.3 billion in equity, which will nearly double its mortgage servicing rights portfolio [2] Group 2 - The merger is expected to generate around $150 million in annual cost and revenue synergies, while also increasing UWM Holdings' public float by 93% to approximately 513 million shares, valued at $2.6 billion as of mid-December 2025 [3] - The combined servicing book post-merger will be roughly $400 billion, positioning the merged entity as the 8th largest mortgage servicer in the US [2][3] - UWM Holdings originates, sells, and services residential mortgage lending in the US, indicating its significant role in the mortgage industry [4]