- Business
- Two Harbors Investment Corp. Two Harbors Investment Corp. (NYSE: TWO) operates as a real estate investment trust focused on investing in, financing, and managing residential mortgage-backed securities, mortgage servicing rights, and other financial assets. The company maintains a portfolio comprising agency residential mortgage-backed securities guaranteed by Ginnie Mae, Fannie Mae, or Freddie Mac, including specified pools and to-be-announced forward contracts; mortgage servicing rights on conventional loans acquired through bulk packages and flow commitments from originators and brokers; and other financial assets representing 5% to 10% of the portfolio, such as non-agency securities. Through its operational platform, RoundPoint Mortgage Servicing LLC, one of the largest servicers of conventional loans in the United States, Two Harbors performs servicing activities via third-party subservicers while leveraging expertise in interest rate and prepayment risk management. Headquartered in St. Louis Park, Minnesota, with additional offices in New York City, the company was founded in 2009 and primarily serves the U.S. residential mortgage market. Recent developments include the settlement of $6.6 billion in unpaid principal balance of mortgage servicing rights through two bulk purchases, flow-sale acquisitions, and recapture as of June 30, 2025; the development of a new servicing platform aimed at scaling operations in 2025; and the ongoing integration of RoundPoint Mortgage Servicing, initially announced for acquisition in 2022 to enhance cost efficiencies and control over its mortgage servicing rights portfolio.