Two Harbors Investment Corp. is preparing to bring a $434.17 million RMBS deal called Agate Bay 2013-1, according to a Fitch Ratings presale report.

The deal is structured with $400.74 million, ‘AAA’-rated class A-1 notes; $10.64 million, ‘AA’-rated, class B-1 notes; $8.47 million, ‘A’-rated, B-2 notes; $6.30 million, ‘BBB’-rated, class B-3 notes; and $3.47 million, ‘BB’-rated, class B-4 notes.  Fitch will not rate the $4.56 million, class B-5 notes.

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