- Noting the challenging market environment facing the business, Two Harbors (NYSE:TWO) is looking to redeploy capital elsewhere. The wind down is expected to be mostly done by the end of the year.
- The company got into the business in 2011.
- The exit will lead to expected one-time charges of $3M in H2, and reduce operating expenses by $10M-$11M on an annual basis.
Two Harbors getting out of mortgage loan conduit and securitization business
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About TWO Stock
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Symbol | Last Price | % Chg |
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TWO | - | - |
Two Harbors Investment Corp. |