Welcome to our dedicated page for Two Hbrs Invt SEC filings (Ticker: TWO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Two Harbors Investment Corp. filings document material-event reporting for an MSR-focused REIT that invests in mortgage servicing rights, residential mortgage-backed securities and other financial assets. The company’s recent 8-K disclosures cover operating and financial results, material agreements, shareholder voting matters, capital-structure information and governance matters.
The filing record frames the company’s public-company disclosures around its mortgage-related investment portfolio, REIT structure and financing profile. These documents record formal updates on reported results, governance actions and securities-related matters affecting the company’s capital structure.
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.