Two Harbors (TWO +6.1%) continues sharply higher post-earnings, with management noting (CC...

|About: Two Harbors Investment C... (TWO)|By:, SA News Editor

Two Harbors (TWO +6.1%) continues sharply higher post-earnings, with management noting (CC transcript) (presentation) this month's acquisition of a mortgage servicing outfit gives the company entry into the lucrative MSR business, but with little potential legal liability. The purchased company - Matrix FIn'l Services - has just 10 employees and hasn't originated loans in "many, many years ... a very clean acquisition."