Two Hbrs Invt Corp SEC Filings

Two Harbors Investment Corp. reported a Q3 2025 net loss of $127.9M, reflecting a $175.1M litigation settlement expense, lower MSR valuations, and realized losses on securities. Net servicing income was $162.7M while net interest expense was $(23.5)M. Other results included losses on swaps offset by gains on other derivatives.

For the nine months ended September 30, 2025, net loss totaled $466.0M, including $375.0M of litigation settlement expense. Total assets were $10.87B and stockholders’ equity was $1.77B. Available-for-sale securities were $6.35B and mortgage servicing rights were $2.63B. Cash and cash equivalents were $770.5M; repurchase agreements stood at $7.10B and senior notes at $110.9M. Shares outstanding were 104,155,818 as of October 23, 2025.

Two Harbors Investment Corp. furnished an update on its business by announcing financial results for the quarter ended September 30, 2025. The company provided a press release and an earnings call presentation as Exhibits 99.1 and 99.2.

The materials are furnished, not filed, and are not incorporated by reference. This 8-K is an administrative disclosure accompanying the company’s Q3 2025 results communication.

Allspring Global Investments Holdings, LLC filed an amendment to a Schedule 13G reporting ownership in Two Harbors Investment Corp common shares. The filing states Allspring beneficially owns 4,203,377 shares, representing 4.0% of the class. It reports sole voting power over 4,066,301 shares and sole dispositive power over 4,203,377 shares, with no shared voting or dispositive power. The securities are held for clients of Allspring-affiliated investment advisers and were acquired in the ordinary course of business, not to influence control. The filing is signed by a Senior Compliance Manager on 10/08/2025.

Two Harbors Investment Corp. filed an 8-K reporting new equity distribution arrangements and related legal opinions. The filing attaches an Amended and Restated Equity Distribution Agreement with Citizens JMP Securities, LLC and a separate Equity Distribution Agreement with BTIG, LLC, both dated September 19, 2025. The exhibits include a legal opinion from Ballard Spahr LLP confirming the legality of the shares and the firm’s consent. The filing identifies these documents as exhibits and is signed by the company’s Chief Legal Officer and Secretary.

Two Harbors Investment Corp. registered an at-the-market offering of up to 15,000,000 shares of common stock under amended equity distribution agreements with Citizens JMP Securities, LLC and BTIG, LLC dated September 19, 2025. Shares may be sold on the NYSE (ticker TWO) or through market-maker transactions; the closing price on September 18, 2025 was $9.93 per share. Sales will be on mutually agreed terms and the sales agents may receive up to 2% of gross proceeds as compensation. Net proceeds are intended for general corporate purposes including acquisition of target assets such as MSR and Agency RMBS, debt repayment, repurchases or other corporate needs. Ownership of common stock is restricted to preserve REIT status, generally limiting any person to 9.8% by value or number of outstanding shares. The prospectus supplement incorporates risk factors and other SEC filings by reference.

Nicholas Letica, Chief Investment Officer of Two Harbors Investment Corp. (TWO), reported a sale of 8,654 shares of common stock on 08/18/2025 at $10.02 per share. The sale reduced his beneficial ownership to 160,281 shares. The filing states the shares were sold to satisfy income tax liabilities resulting from the vesting of previously granted restricted stock units, and the transaction was effected under trading instructions entered on August 18, 2022 pursuant to a Rule 10b5-1 plan. The Form 4 is signed and filed by the reporting person.

Two Harbors Investment Corp. (TWO) filed a Form 144 notifying intent to sell 8,654 shares of its common stock, with an aggregate market value of $88,616.96, via Raymond James on the NYSE approximately on 08/18/2025. The shares were acquired on 08/15/2025 through the vesting of a Restricted Stock Unit award from Two Harbors and payment was recorded on the vesting date. The filer reports no sales of issuer securities in the past three months and attests to lack of undisclosed material adverse information.

Two Harbors Investment Corp. (NYSE: TWO) posted a sharp swing to loss in Q2 2025. Net loss attributable to common stockholders was $272.3 million (-$2.62 per share) versus a profit of $44.6 million ($0.43) a year ago, driven by $151 million of derivative losses, $63 million servicing-asset markdowns and a $199.9 million litigation contingency. Six-month loss reached $364.5 million.

Balance-sheet size expanded 6 % since year-end to $12.96 billion, but common equity fell 11 % to $1.28 billion, pushing the equity ratio down to 14.6 %. Book value erosion was partly buffered by $207.6 million of unrealized gains on Agency RMBS that narrowed AOCI to –$112.9 million.

Liquidity remained solid: cash and restricted cash totalled $798 million; operating cash flow was + $211 million. Repurchase funding rose to $8.78 billion (+13 %) while the company issued $110.9 million of 9.375 % senior notes due 2030. Leverage (repo, credit, warehouse) now covers 77 % of total assets.

Core franchise metrics were mixed. Mortgage servicing rights (MSR) increased to $3.02 billion, but servicing income slipped 12 % YoY to $158 million as prepayment-related runoff accelerated. Net interest expense improved to -$19.6 million from -$38.3 million, yet remained negative due to higher repo costs.

The board continued dividends—$41 million on common and $13 million on preferred—despite losses. Shares outstanding were 104.1 million on 24 July 2025.

Key takeaway: steep derivative and contingency charges erased earnings and cut book value; investors will focus on litigation resolution, hedging discipline and leverage management in coming quarters.