Two Harbors Investment Corp.
TWO-PB
New York Stock Exchange24.98
USD
+0.01
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Two Harbors Investment Corp.
TWO-PB
(New York Stock Exchange)
Recent
price
24.98
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Two Harbors Investment Corp. Two Harbors Investment Corp. (NYSE: TWO) is a real estate investment trust that invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets, primarily through its operational platform RoundPoint Mortgage Servicing LLC, one of the largest servicers of conventional loans in the United States; its target assets include agency RMBS collateralized by fixed-rate mortgage loans, adjustable-rate mortgage loans, hybrid mortgage loans, or derivatives, as well as other mortgage-related assets comprising non-agency securities and non-hedging transactions that may produce non-qualifying income for REIT gross income tests. The company leverages its core competencies in understanding and managing interest rate and prepayment risk to maintain a diversified portfolio focused on residential mortgage-backed securities and MSRs, qualifying as a REIT for federal income tax purposes by distributing at least 90% of annual taxable income to stockholders; it operates through subsidiaries such as Matrix Financial Services Corporation, which holds approvals from Fannie Mae and Freddie Mac to own and manage MSRs. Founded in 2009 and headquartered in Saint Louis Park, Minnesota, Two Harbors Investment Corp. serves institutional and retail investors seeking risk-adjusted returns primarily through dividends and secondarily through capital appreciation, with operations concentrated in the United States residential mortgage market. Recent developments include the completion of a $115 million offering of 9.375% Senior Notes due 2030 in May 2025 to support strategic initiatives and portfolio management amid market volatility; the company reported second quarter 2025 financial results in July 2025, highlighting wider spreads leading to attractive levered returns and an MSR portfolio with a 3-month CPR of 5.8%; additionally, it reached a $375 million settlement with Pine River in 2025, resolving all pending litigation claims and funded through cash and borrowing capacity, reinforcing its focus on MSR and RMBS strategies in varying interest rate environments.