Two Harbors' approval for membership in the Federal Home Loan Bank of Des Moines (FHLB) will give the real estate investment trust a new way to fund non-conforming whole loan pipelines, according to Deutsche Bank.

The REIT disclosed that one key purpose for the move was to help finance non-conforming loans earmarked for securitization.  Two Harbors invests in residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights (MSR) and other financial assets.  

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