In August, Two Harbors Investment recorded a litigation settlement expense of $175.1 million tied to a lawsuit filed by the former external manager of the REIT.
“Treasury is focused on ensuring that modernization of our capital framework ends the arbitrage that drives bank lending to nonbanks,” said Treasury Secretary Scott Bessent.
“A dampened summer home-buying market weighed down PrimeLending’s operating results,” said Jeremy Ford, chairman, president and CEO of Hilltop Holdings, which owns the mortgage lender.