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Two Harbors Investment Corp. reports developments for an MSR-focused real estate investment trust that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. Company news centers on operating and financial results, earnings releases and portfolio-related activity tied to servicing fee income, interest income and residential mortgage exposure.
Recurring updates also cover material agreements, shareholder voting matters, capital-structure disclosures and governance actions. These categories reflect the company’s role as a public REIT managing mortgage-related assets that are sensitive to interest rate, basis and prepayment risk.
Two Harbors Investment Corp. (NYSE: TWO) reported a comprehensive loss of $90.4 million for Q2 2022, equating to an annualized return on average common equity of (19.1)%. The book value per share decreased to $5.10, reflecting a (4.7)% return on book value. However, the firm declared a dividend of $0.17 per share and grew its RMBS portfolio by $3.4 billion, increasing the economic debt-to-equity ratio from 5.3x to 6.4x. The acquisition of RoundPoint Mortgage Servicing Corporation signals potential for enhancing its MSR strategy.
Two Harbors Investment Corp (NYSE: TWO) announced its subsidiary, Matrix Financial Services Corporation, will acquire RoundPoint Mortgage Servicing Corporation from Freedom Mortgage Corporation. The deal involves a preliminary purchase price based on RoundPoint's net book value plus a $10.5 million premium. This strategic acquisition is expected to generate around $20 million in incremental annual pre-tax earnings by enhancing self-servicing capabilities and expanding business opportunities.
Two Harbors Investment Corp (NYSE: TWO) will release its financial results for the quarter ended June 30, 2022, after market close on August 3, 2022. The company will host a conference call on August 4, 2022, at 9:00 a.m. ET to discuss these results. Interested parties can access the conference call via the company's website and participate by calling in 10 minutes prior to the start time. A playback of the call will be available from August 4 to August 18, 2022. Two Harbors specializes in investing in residential mortgage-backed securities and mortgage servicing rights.
Two Harbors Investment Corp (NYSE: TWO) declared a $0.17 dividend per share for Q2 2022, payable on July 29, 2022, to stockholders recorded by July 5, 2022.
Additionally, preferred stock dividends include $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C, payable on July 27, 2022, to record holders by July 12, 2022.
Two Harbors Investment Corp (NYSE: TWO) has authorized the repurchase of up to five million shares of its preferred stock, including 8.125% Series A, 7.625% Series B, and 7.25% Series C Cumulative Redeemable Preferred Stocks. Repurchases will occur through open market or private transactions according to SEC rules, with no expiration date set. The specifics of each transaction will depend on market conditions.
The company emphasizes that forward-looking statements involve risks that may lead to actual results differing from expectations.
Two Harbors Investment Corp (NYSE: TWO) has announced the log-in details for its 2022 Virtual Annual Meeting of Stockholders, scheduled for May 18, 2022, at 10:00 a.m. ET. Stockholders can attend via www.virtualshareholdermeeting.com/TWO2022 using a control number from their proxy materials. Eligible stockholders must be on record by March 22, 2022. A replay will be available for one year post-meeting.
Two Harbors specializes in residential mortgage-backed securities and is based in St. Louis Park, Minnesota.
Two Harbors Investment Corp. (NYSE: TWO) reported a comprehensive loss of $60.3 million for Q1 2022, reflecting a (12.2)% annualized return on average common equity. The book value per common share stands at $5.53, down (2.9)% from the previous quarter. Earnings Available for Distribution (EAD) were $61.7 million or $0.18 per share. The company declared a dividend of $0.17 per share. A total of $37.2 billion in unpaid principal balance was added through acquisitions, enhancing the MSR portfolio.
Two Harbors Investment Corp. (NYSE: TWO) will release its financial results for Q1 2022 after market close on May 4, 2022. A conference call to discuss these results is scheduled for May 5, 2022, at 9:00 a.m. ET. This call will be accessible via the company's website, where a playback will be available from May 5 through May 19, 2022. Two Harbors, based in St. Louis Park, MN, specializes in investments involving residential mortgage-backed securities and mortgage servicing rights.
Two Harbors Investment Corp (NYSE: TWO) has declared a first-quarter dividend of $0.17 per share for its common stock, payable on April 29, 2022, to stockholders of record by April 4, 2022. Additionally, preferred stock dividends were announced: $0.50781 for Series A, $0.47656 for Series B, and $0.45313 for Series C, payable on April 27, 2022, to preferred stockholders of record by April 12, 2022.
Two Harbors Investment Corp. (NYSE: TWO) announced that Bill Greenberg, President and CEO, will participate in the RBC Capital Markets Global Financial Institutions Conference from March 8-9, 2022. He will discuss the topic "Mortgage Finance: Opportunities Amid Fed Policy Shift" on March 8 at 10:40 a.m. ET. The panel discussion will be webcasted and available on the company's website for a year post-event. Two Harbors is a Maryland-based real estate investment trust focused on residential mortgage-backed securities and mortgage servicing rights.