Two Harbors Spends Heavily In RMBS

11 Dec 2009

Two Harbors Investment has spent some $488 million—roughly 95% of its available investment capital—on residential mortgage-backed securities and related investments.

Two Harbors Investment has spent some $488 million—roughly 95% of its available investment capital—on residential mortgage-backed securities and related investments. The Minnetonka, Minn.-based real estate investment trust was formed earlier this year, and in October, it acquires Capitol Acquisition Corp., a special purpose acquisition vehicle to raise money ...

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