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0.0526315789473684 0.048421052631579 0.0231578947368422 0 0.0526315789473684 0.0421052631578948 0.0315789473684211 -0.0315789473684209
Stock impact report

Two Harbors Investment Corp. Announces Sale of Portfolio of Non-Agency Securities

Two Harbors Investment Corp (TWO) 
Last two harbors investment corp earnings: 2/5 04:17 pm Check Earnings Report
US:NYSE Investor Relations: investor.twoharborsinvestment.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. (NYSE: TWO) (the “Company”), a leading hybrid mortgage real estate investment trust (REIT), today announced that in an effort to prudently manage our portfolio through unprecedented market volatility and preserve long-term stockholder value, the Company has sold substantially all of its portfolio of non-Agency securities, subject to customary settlement procedures.We believe the benefits of this sale include:Reducing the balances under our repurchase facilities by approximately $2.0 billion.Eliminating the risk of margin calls associated with the non-Agency residential mortgage-backed securities (“RMBS”) portfolio, which have been unusually significant in size in this volatile market environment.Removing the potential risk of not being able to roll the funding on non-Agency RMBS as they become due.After giving effect to the sale, our portfolio consists primarily of Agency RMBS and mortgage servicing rights. We estimate that:O Show less Read more
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