Two Harbors is marketing a $374 million offering of residential mortgage bonds, the second via its Agate Bay Mortgage Trust, according to a presale report published by DBRS.
The transaction, ABMT 2014-2, is backed by a portfolio of 543 jumbo prime residential mortgages acquired by Two Harbors via a direct loan acquisition program. In line with most post-crisis RMBS deals, the pool is comprised of 30-year year, fixed-rate mortgages. None of the loans have interest-only features. Loans that amortize generally pose the lowest default risk.