Despite a GAAP net loss of $272.3 million largely due to a $199.9 million litigation accrual, Two Harbors delivered $29.5 million in core earnings and maintained strong MSR servicing income. The book value per share declined significantly, and economic return on book value was negative.

Two Harbors Investment Corp. delivered a strong first quarter in 2025, with both securities and Mortgage Servicing Rights (MSR) contributing to positive performance. The company reported a book value of $14.66 per common share and declared a common stock dividend of $0.45 per share, resulting in a 4.4% quarterly economic return on book value. Comprehensive Income reached $64.9 million.

Two Harbors Investment Corp. reported its Q4 2024 financial results, with a focus on its hedged MSR strategy. The company declared a fourth-quarter common stock dividend of $0.45 per share. The MSR portfolio had a 3-month CPR of 4.93%, a weighted average gross coupon rate of 3.46%, and a 60+ day delinquency rate of 0.90%.

Two Harbors Investment Corp. reported a comprehensive income of $19.3 million, or $0.18 per weighted average basic common share, and a book value of $14.93 per common share. The company settled $3.3 billion in UPB of MSR through acquisitions and recapture, and completed its first full quarter of direct-to-consumer originations activities.

Two Harbors Investment Corp. reported financial results for the quarter ended June 30, 2024, showcasing the benefits of its unique portfolio construction of MSR paired with Agency RMBS. The company strategically allocated more than 60% of its capital to MSR, which carries low duration and low spread volatility. They also launched a direct-to-consumer recapture originations platform.

Two Harbors Investment Corp. reported a strong first quarter in 2024, characterized by a comprehensive income of $89.4 million and a book value of $15.64 per common share. The company's strategic positioning in MSR is expected to benefit from the current higher-for-longer interest rate environment. They also repurchased 485,609 shares of preferred stock.

Two Harbors Investment Corp. reported a comprehensive income of $38.9 million, or $0.40 per weighted average basic common share, and an Income Excluding Market-Driven Value Changes (IXM) of $0.39 per weighted average basic common share for Q4 2023. The company also declared a fourth quarter common stock dividend of $0.45 per share and reported a book value of $15.21 per common share.

Two Harbors Investment Corp. reported a comprehensive loss of $56.8 million, or $(0.61) per weighted average basic common share. Income Excluding Market-Driven Value Changes (IXM) was $0.51 per weighted average basic common share. The company closed the acquisition of RoundPoint Mortgage Servicing LLC, which is expected to be accretive to pre-tax earnings in 2024 of $25-30 million.

Two Harbors Investment Corp. reported their Q2 2023 financial results, which showed a comprehensive income of $31.5 million, or $0.31 per weighted average basic common share. The company's performance was supported by lower volatility and attractive spreads. They also settled $14.8 billion unpaid principal balance (UPB) of MSR through flow-sale acquisitions and three bulk purchases.

Two Harbors Investment Corp. reported a comprehensive loss of $63.2 million, or $(0.69) per weighted average basic common share. Earnings Available for Distribution (EAD) was $8.3 million, or $0.09 per weighted average basic common share. The company's book value was $16.48 per common share, with a first quarter common stock dividend of $0.60 per share.

Two Harbors Investment Corp. reported a positive return on book value in the fourth quarter of 2022, driven by its portfolio positioning in low coupon MSR and higher coupon RMBS. The company's book value was $17.72 per common share, and a dividend of $0.60 per share was declared. Comprehensive Income was $160.2 million, or $1.85 per share, and Earnings Available for Distribution (EAD) were $22.2 million, or $0.26 per share.

Two Harbors Investment Corp. reported a comprehensive loss of $287.8 million, or $(3.35) per weighted average basic common share, and Earnings Available for Distribution (EAD) of $55.2 million, or $0.64 per weighted average basic common share for the third quarter of 2022.