New Residential Investment Corp. isn’t the only real estate investment trust looking to snap up mortgage servicing rights as banks exit this capital-intensive business. Two Harbors Investment Corp. has also been growing its MSR portfolio.

Two Harbors, which reported fourth-quarter earnings late Monday, finished the year with $693.8 billion of MSRs, or 4.4% of its portfolio. That was up from $455.6 billion, or 2.7% of the portfolio, at the end of September.

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