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Slide #62. Two Harbors Investment Corp. — Federal National Mortgage Association
Two Harbors Investment Corp. (NYSE:TWO)
Federal National Mortgage Association
Two Harbors Investment Corp. (NYSE:TWO) announced today that one of its wholly-owned subsidiaries has acquired a company which has approvals from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation, (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae) to hold and manage mortgage servicing rights (MSRs). The company will discuss the implications of this acquisition in greater length on its first quarter earnings conference call, which is scheduled for 9:00 a.m. EST on Wednesday, May 8, 2013.
Two Harbors Investment is a holding company. Through its subsidiaries, Co. operates as a real estate investment trust focused on investing in, financing and managing Agency residential mortgage-backed securities (Agency RMBS), non-Agency securities, mortgage servicing rights (MSR), and other financial assets, which it refers to as its target assets. Co.'s target assets include Agency RMBS, whose principal and interest payments are guaranteed by the Government National Mortgage Association, the Federal National Mortgage Association, or the Federal Home Loan Mortgage Corporation; Non-Agency securities; MSR; and other financial assets.
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