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Two Harbors Investment Corp. - $TWO STOCK NEWS

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Two Harbors Investment Corp. (NYSE: TWO) is a real estate investment trust (REIT) headquartered in New York, NY. The company specializes in investing in and managing a diversified portfolio of residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights (MSRs), and commercial real estate.

Two Harbors is externally managed by PRCM Advisers LLC, a wholly-owned subsidiary of Pine River Capital Management L.P. This external management arrangement provides the company access to a wealth of expertise and strategic guidance.

The company's investment portfolio is primarily focused on agency RMBS, which are securities backed by government-sponsored enterprises such as Fannie Mae and Freddie Mac, and non-agency RMBS, which are privately issued and not guaranteed by the government. This balanced approach allows for diversification and risk management.

Revenue for Two Harbors is predominantly derived from interest income on its investments. Available-for-sale securities contribute significantly to this income, supplemented by residential mortgage loans held for investment within securitization trusts. This income model allows the company to maintain a steady revenue stream while managing the complexities of the real estate and mortgage markets.

Recent Achievements and Current Projects:

  • Strategic acquisitions: Two Harbors has been actively acquiring additional RMBS and MSRs to strengthen its portfolio.
  • Technological advancements: The company has implemented advanced analytics and technology to optimize investment strategies and risk management.
  • Partnerships: Collaborations with key industry players to enhance market presence and investment capabilities.

With a commitment to delivering strong returns for its shareholders, Two Harbors Investment Corp. continues to adapt and evolve in the ever-changing landscape of the real estate investment market. For more information, visit www.twoharborsinvestment.com.

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Two Harbors Investment Corp. (NYSE: TWO), a real estate investment trust specializing in mortgage servicing rights (MSR) and residential mortgage-backed securities (RMBS), announced that its President and CEO, Bill Greenberg, will present at the 2024 KBW Virtual Real Estate Finance & Technology Conference on May 22, 2024. Greenberg will be part of the Mortgage Servicing panel at 1:00 pm ET, with the presentation available via webcast on the company's website.

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Two Harbors Investment Corp. (NYSE: TWO) has announced details regarding its 2024 Annual Meeting of Stockholders. The virtual meeting will take place on May 15, 2024, at 10:00 a.m. Eastern Time. Stockholders as of the close of business on March 20, 2024, are eligible to participate and vote. They can attend and submit questions online using a 16-digit control number. A replay of the meeting will be available for one year on the same website. Two Harbors focuses on investing in mortgage servicing rights and residential mortgage-backed securities. Further information can be found on the SEC's website or by contacting the company directly.

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Two Harbors Investment Corp. (NYSE: TWO) reported its financial results for Q1 2024, showcasing a book value of $15.64 per common share and a 5.8% quarterly economic return on book value. The company generated Comprehensive Income of $89.4 million, repurchased preferred stocks, and settled $3.1 billion of MSR. The company's MSR portfolio positions it well for higher interest rates, with low prepayment sensitivity. The market's high rate volatility contrasts with wide nominal spreads for Agency RMBS, offering levered returns. The company's portfolio includes $11.3 billion of Agency RMBS and MSR. Two Harbors Investment Corp. will discuss its financial results in a conference call on April 30, 2024.

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Two Harbors Investment Corp. (TWO) announces the release of financial results for the first quarter of 2024, with a conference call scheduled for April 30, 2024. TWO is a real estate investment trust investing in mortgage servicing rights and residential mortgage-backed securities.
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Two Harbors Investment Corp. (TWO) declares a dividend of $0.45 per share for the first quarter of 2024. The company also announces preferred stock dividends for Series A, B, and C. Two Harbors is a real estate investment trust focusing on mortgage servicing rights and residential mortgage-backed securities.
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Two Harbors Investment Corp. appoints Sanjiv Das, a seasoned mortgage industry expert, to its Board of Directors. Das brings extensive experience from Pagaya Technologies Ltd. and previous leadership roles in major financial institutions.
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Two Harbors Investment Corp. announces President and CEO Bill Greenberg's participation in the 2024 RBC Capital Markets Global Financial Institutions Conference. The company focuses on MSR + Agency RMBS real estate investments and is headquartered in St. Louis Park, Minnesota.
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Two Harbors Investment Corp. announces virtual Annual Meeting of Stockholders on May 15, 2024, allowing stockholders to vote and submit questions electronically. The meeting will be accessible for one year after the event.
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Two Harbors Investment Corp. (TWO) announced the retirement of Mary Riskey, Vice President and CFO, initiating a search for her successor. The company expressed gratitude for her contributions and plans for her to continue until August 2024 or until a replacement is found. TWO is a real estate investment trust investing in residential mortgage-backed securities, mortgage servicing rights, and other financial assets.
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Two Harbors Investment Corp. (TWO) reported a book value of $15.21 per common share and declared a fourth quarter common stock dividend of $0.45 per share, resulting in a 2.0% quarterly economic return on book value. The company generated Comprehensive Income of $38.9 million and Income Excluding Market-Driven Value Changes (IXM) of $0.39 per weighted average basic common share. TWO issued 7.0 million shares of common stock through an ATM offering program for total proceeds of $97.8 million, repurchased 221,806 shares of preferred stock, and settled $829.1 million unpaid principal balance (UPB) of MSR through flow-sale acquisitions. The company also closed the acquisition of RoundPoint Mortgage Servicing LLC, declared dividends of $1.95 per common share, and yielded a 2023 total economic return on book value of (3.2)%. In addition, TWO issued 17.1 million shares of common stock through both an underwritten common stock offering and ATM offering program, repurchased 735,624 shares of preferred stock, and settled $27.5 billion UPB of MSR through flow-sale acquisitions and bulk purchases. The company's President and CEO, Bill Greenberg, expressed pride in the achievements and strategic moves made to drive value for shareholders, emphasizing the company's well-positioned portfolio for the current and expected market environments.
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FAQ

What is Two Harbors Investment Corp.?

Two Harbors Investment Corp. is a real estate investment trust (REIT) specializing in RMBS, residential mortgage loans, MSRs, and commercial real estate.

Where is Two Harbors Investment Corp. headquartered?

Two Harbors Investment Corp. is headquartered in New York, NY.

How does Two Harbors Investment Corp. generate revenue?

The company generates revenue mainly through interest income from its investments in RMBS, residential mortgage loans, and other financial assets.

Who manages Two Harbors Investment Corp.?

Two Harbors is externally managed by PRCM Advisers LLC, a subsidiary of Pine River Capital Management L.P.

What are agency and non-agency RMBS?

Agency RMBS are securities backed by government-sponsored enterprises, while non-agency RMBS are privately issued and not government-guaranteed.

What recent achievements has Two Harbors made?

Recent achievements include strategic acquisitions of RMBS and MSRs, implementation of advanced analytics, and partnerships with industry players.

How can I get more information about Two Harbors Investment Corp.?

For more information, visit the company's website at www.twoharborsinvestment.com.

What are mortgage servicing rights (MSRs)?

MSRs are the rights to service a pool of mortgage loans, including collecting payments and managing escrow accounts.

Does Two Harbors focus solely on residential real estate?

While the primary focus is on residential mortgage-backed securities and loans, the company also invests in commercial real estate and other financial assets.

What is the core business strategy of Two Harbors?

The core business strategy is to invest in and manage a diversified portfolio of real estate-related assets to generate steady interest income and deliver strong returns to shareholders.

Two Harbors Investment Corp.

NYSE:TWO

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1.34B
102.82M
0.66%
66.09%
3.06%
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