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Items Tagged with 'Two Harbors'


Two Harbors reverses trend and posts profit

Reports net income of $193.59 million in third quarter
Ben Lane
For the year, Two Harbors recorded a net income of $204.1 million, down from $339.63 million in the first three quarters of 2013. But the third quarter of 2014 saw a massive reversal over the second quarter, when the company’s net income as down from $532.35 million in the first two quarters of 2013 to $10.51 million in the same period of 2014, a drop of more than 98%.
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Two Harbors unveils fourth jumbo RMBS

$356.33 million securitization receives AAA ratings from DBRS
Ben Lane
DBRS cites the high quality of the underlying loans as a strength of the deal. “This transaction exhibits high-quality credit attributes, such as low loan-to-value ratios, strong borrower credit and full documentation on substantially all loans,” DBRS writes in its presale report.
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Two Harbors bringing another jumbo RMBS to market

$374.34 million securitization receives AAA ratings from DBRS
Ben Lane
Two Harbors is set to bring its third Agate Bay securitization to market, in the form of Agate Bay Mortgage Trust 2014-2. The $374.34 million RMBS is backed by 543 loans with an average loan balance of $689,393.
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Two Harbors net income collapsing

Falls from $532 million in 2013 to only $10.5 million in 2014
Ben Lane
On the other hand, the company’s comprehensive income, which factors in unrealized gains on available-for-sale securities, is up nearly 276% year-over-year, rising from $101.89 million in 2013 to $383.41 million in 2014.
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Two Harbors brings $268 million prime jumbo RMBS to market

Agate Bay Mortgage Trust 2014-1 receives AAA ratings from S&P
Ben Lane
Standards & Poors Ratings Services has awarded primarily AAA ratings to the securitization’s classes due to the high quality of the collateral, among other positive indicators.
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Two Harbors increased MSRs by how much?

This is an astonishing number
Jacob Gaffney
CFO Farrell said that going forward the real estate investment trust will break out MSRs separately on the balance sheet as well as provide additional detail around servicing income and the assets collateral attributes.
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HW 30, REITs go through the wringer

REITs feel added pressure from negative investor sentiment
Brena Swanson
Real estate investment trust stocks stayed level after recording a steady decline Monday morning due to reports of negative investor sentiment. The rest of the HW 30 did not fare much better, with a majority of the stocks landing in the red.
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Housing stocks rise as investors react to government deal

Sterne Agee analyst: It’s a short-term gain, risks lie ahead
Kerri Ann Panchuk
The HW 30 – a composite of housing and mortgage finance stocks – rose Thursday as the government reopened, allowing agencies like the Federal Housing Administration to return to the business of handling FHA loans.
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Most HW 30 stocks plummet, while PHH rises on unit sale rumors

Q3 earnings expectations weaken
Kerri Ann Panchuk
Housing stocks tied to the HW 30 index compiled by HousingWire experienced an abysmal trading day Monday as the government remained closed – and Fannie Mae released a report suggesting consumers on the housing side are a little more bearish.
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Two Harbors 'buy rating' fails to boost stock

HousingWire Staff
Despite the 'buy' rating next to its name, Two Harbors' stock failed to obtain a significant boost in Wednesday trading.
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