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Two Harbors getting out of mortgage loan conduit and securitization business

Jul. 28, 2016 8:40 AM ETTwo Harbors Investment Corp. (TWO) StockBy: Stephen Alpher, SA News Editor8 Comments
  • 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.

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