Two Harbors Investment Corp.
TWO-PA
New York Stock Exchange25.27
USD
+0.01
- -
CIK
0001465740
ISIN
US90187B2007
CUSIP
90187B200
Return %
Stock
S&P500
1Y
6.62
16.30
3Y
18.53
69.14
5Y
-4.64
70.28
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- William Ross Greenberg
- Full Time Employees
- 486
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 1601 Utica Avenue South Saint Louis Park MN United States of America 55416
- IPO Date
- Mar 10, 2017
- CIK
- 0001465740
- Website
- twoinv.com
- Similar Companies
- Business
- Two Harbors Investment Corp. Two Harbors Investment Corp. (NYSE: TWO) operates as a Maryland corporation and real estate investment trust (REIT) that invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS) collateralized by fixed-rate, adjustable-rate, and hybrid mortgage loans, and other financial assets including non-agency securities and mortgage-related derivatives; it conducts these activities primarily through its operational platform, RoundPoint Mortgage Servicing LLC. The company targets residential mortgage-backed securities guaranteed by government-sponsored enterprises such as Fannie Mae, Freddie Mac, and Ginnie Mae; mortgage servicing rights on conventional loans servicing over 900,000 loans with an unpaid principal balance exceeding $200 billion; and complementary assets like to-be-announced securities (TBAs), interest rate swaps, and U.S. Treasury futures for hedging interest rate and prepayment risks. Founded in 2009 and headquartered in St. Louis Park, Minnesota, Two Harbors Investment Corp. focuses on the U.S. mortgage market, delivering risk-adjusted returns to stockholders primarily through dividends while qualifying as a REIT for federal income tax purposes, requiring distribution of at least 90% of taxable income. Recent developments include the 2023 acquisition of RoundPoint Mortgage Servicing LLC by its subsidiary Matrix Financial Services Corporation, enhancing vertical integration, self-servicing capabilities, and projected pre-tax earnings contributions; the launch of a direct-to-consumer recapture originations platform at RoundPoint; post-quarter MSR bulk acquisitions totaling $2.6 billion in unpaid principal balance in 2024; repurchase of $10.0 million in convertible senior notes due 2026; and expansion of its at-the-market common stock offering program to 15.0 million shares.