Hatteras buys mortgage servicer

|About: Hatteras Financial Corp. (HTS)|By:, SA News Editor

Hatteras Financial (NYSE:HTS) agrees to the purchase of Pingora Asset Management and Pingora Loan Servicing for undisclosed terms. The deal is expected to close in Q3.

The addition of MSRs - which tend to rise in value alongside interest rates - should prove a natural hedge to HTS's portfolio of MBS.

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