Mortgage REIT Merger: Two Harbors Acquiring CYS Investments
HousingWire, Apr. 27, 2018–Ben Lane
Two Harbors Investment Corp., a mortgage real estate investment trust, shuttered its mortgage securitization business, wherein the REIT bought jumbo mortgages and securitized them. Now, the company is preparing to expand its agency RMBS business by acquiring CYS Investments, a fellow mortgage REIT that specializes in investing in agency RMBS backed by fixed-rate single-family residential mortgage loans, adjustable-rate mortgages and hybrid ARMs.
