"The guest argued that Two Harbors is a highly valuable REIT that is likely to attract multiple bids and an auction process rather than a cheap stock-based merger."

"The guest argued that a 'higher for longer' interest rate environment will force brutal consolidation and cash crunches among non-bank mortgage lenders."

"The guest predicted a wave of major M&A deals and consolidation among top mortgage lenders as higher-for-longer interest rates crush loan volumes."