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.
Total outstanding balance of single-family mortgages in Ginnie Mae mortgage-backed securities increased by 2.2% from the end of June to $2.65 trillion as of the end of September.