Two Harbors transferring its commercial business to a new REIT

LONDON, UK / ACCESSWIRE / May 26, 2017 / Active Wall St. blog coverage looks at the headline from New York based Two Harbors Investment Corp. (NYSE: TWO) as the Company announced on May 24, 2017, that it intends to transfer its Commercial Real Estate Assets to.

Two Harbors Investment Corp. is a Maryland corporation focused on investing, financing and managing residential mortgage-backed securities (RMBS) and related investments.

Two Harbors Investment Corp., incorporated on May 21, 2009, is a real estate investment trust (REIT). The Company is focused on investing, financing and managing residential mortgage-backed.

Two Harbors continues to focus on building out its three operating businesses (MSRs, commercial real estate (CRE) and conduit) and increasing capital allocation to these businesses.

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So that’s when I got the crazy idea to create a new account at Fidelity and transfer all of these bonds. In the dividend investing portfolio, our position sizes range from 0.6% in Two Harbors.

As far as leverage goes, Two Harbors looks much more like a standard mortgage REIT than New York Mortgage Trust. For example, PennyMac’s credit risk transfer investments are vulnerable to default.

 · Summary. Two Harbors Investment Corp. ( TWO) has tapped the preferred market for the second time this year, raising $250 million. Two Harbors Investment Corp. is a mortgage REIT focused on investing in, financing, and managing residential mortgage-backed securities, or RMBS, mortgage servicing rights, or MSR and other financial assets.

In May 2017, Two Harbors announced a change in its business strategy by spinning out its commercial real estate lending business to a new REIT, Granite Point Mortgage Trust. That left Two Harbors owning a portfolio of agency and nonagency RMBS, MSRs and other mortgage credit assets.

 · One of Two Harbors Investment’s competitors within the REIT – Residential space, Camden Property Trust (NYSE: CPT), announced on May 04, 2017, its operating results for Q1 2017 which ended on March 31, 2017. AWS will be initiating a research report on Camden Property.

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