TWO - Two Harbors boosts mortgage servicing portfolio in Q3
Two Harbors Investment (NYSE:TWO) reports "robust activity" in its mortgage servicing rights portfolio, settling on $29B in unpaid balance during the quarter and commits to purchasing $21B more in UPB. "With our recent capital issuances, we continue to position the company to deploy capital in MSR, and in RMBS as attractive opportunities arise," said President, CEO, and Chief Investment Officer Bill Greenberg. Q3 earnings available for distribution (formerly core EPS) of $0.24 per share tops the average analyst estimate of $0.20 and rose from $0.19 in Q2 and $ a year ago. Total portfolio of $17.9B in Q3 vs. $17.1B in Q2; annualized net yield for aggregate portfolio during Q3 was 2.55% vs. 1.93% in Q2. Book value per share of $6.40, representing a 2.3% economic return on book value, vs. $6.42 at June 30, 2021. Q3 servicing income of $123.0M vs. $112.8M in Q2 and $99.1M in Q3 2020. Q3 net
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Two Harbors boosts mortgage servicing portfolio in Q3