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Bayview buys US$8.7b of mortgage collection rights

Monday, November 14, 2016 - 05:50

New York

HEDGE fund manager Bayview Financial Holdings LP has bought the right to collect payments on about US$8.7 billion of Ginnie Mae-backed mortgages from Two Harbors Investment Corp, according to people with knowledge of the transaction.

Two Harbors, a real estate investment

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