Two Harbors Targets Subprime Non-Agency MBS As Attractive Investment Opportunities
August 5, 2011
Two Harbors Investment Corp. said this week it is impressed with the investment opportunities in the non-agency MBS sector, particularly over the next year and beyond and is pushing forward with its plans to begin a securitization program. Thomas Siering, president and CEO of the New York-based real estate investment trust, said during a conference call to discuss the firms second quarter earnings that despite the challenging non-agency environment in June, there is tremendous opportunity to profit from non-agency MBS issuance throughout the rest of this year into 2012. The recent pullback in the non-agency market has created...