Two Harbors Investment Corp., a hybrid single-family residential mortgage REIT, recorded net GAAP earnings of $54.6 million during the third quarter when it completed a secondary stock offering and repositioned its portfolio to anticipate the HARP program change.

The company has “done extensive analysis” on the change to the Home Affordable Refinance Program or HARP and traditional refinancing relative to its investments, Bill Roth, co-chief investment officer, said during a company conference call Thursday morning.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.