Welcome to our dedicated page for Two Harbors Investment news (Ticker: TWO), a resource for investors and traders seeking the latest updates and insights on Two Harbors Investment stock.
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.
TWO has announced the appointment of Travis Swenson as Chief Financial Officer, effective May 5, 2025. Prior to this date, Swenson will serve as Deputy CFO, reporting to Interim CFO William Dellal, who will resign on the effective date. Swenson brings extensive experience from his previous roles as CFO at Colliers Mortgage Holdings (2020-2024), Global Head of Client Accounting Services at WeWork (2019-2020), and Senior Managing Director at CBRE (2013-2019). He also spent 13 years at Deloitte & Touche LLP in various positions. Swenson, a licensed CPA, holds a Bachelor of Accountancy and an MBA.
Two Harbors Investment Corp. (TWO) reported its Q3 2024 financial results, generating Comprehensive Income of $19.3 million ($0.18 per share). The company declared a quarterly dividend of $0.45 per share and reported book value of $14.93 per share, representing a 1.3% quarterly economic return. TWO settled $3.3 billion in MSR acquisitions and completed its first full quarter of direct-to-consumer originations. The portfolio comprised $11.4 billion of Agency RMBS, MSR, and other securities, plus $5.0 billion in TBA positions. Post-quarter, TWO committed to purchase an additional $2.1 billion UPB of MSR.
Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS real estate investment trust, has announced the release of its third quarter 2024 financial results. The company will disclose its financial performance for the quarter ended September 30, 2024, after market close on October 28, 2024. Following this, Two Harbors will host a conference call and live webcast on October 29, 2024, at 9:00 a.m. ET to review the results.
Investors can access the webcast through the News & Events section of the company's website. For those unable to attend, a replay will be available approximately four hours after the live call ends. To join via teleconference, participants should call toll-free (888) 394-8218 about 10 minutes before the start time and provide the Conference Code 5083733.
Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS REIT, has announced its third quarter 2024 dividend for common and preferred stockholders. The company declared a dividend of $0.45 per share of common stock, payable on October 29, 2024, to stockholders of record as of October 1, 2024. Additionally, Two Harbors declared dividends for its preferred stock series: $0.50781 per share for Series A, $0.47656 per share for Series B, and $0.45313 per share for Series C. These preferred dividends will be paid on October 28, 2024, to stockholders of record as of October 11, 2024. The company, headquartered in St. Louis Park, MN, invests in mortgage servicing rights, residential mortgage-backed securities, and other financial assets.
Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS REIT, has announced two key appointments to strengthen its operational capabilities. James Campbell has been named Head of Servicing at RoundPoint Mortgage Servicing , bringing over three decades of experience in servicing and financial services. Campbell's background includes leadership roles at Flagstar Bank, Caliber Home Loans, Deutsche Bank, and Credit Suisse.
Additionally, Chris Hurley has been appointed as Chief Technology Officer. Hurley brings more than 20 years of experience in managing large technology platforms within the financial services industry, most recently serving as SVP, Head of Servicing Technology at Newrez/Shellpoint Mortgage Servicing.
These strategic hires aim to enhance Two Harbors' operational business and leverage the company's position in the mortgage servicing and technology sectors.
Intercontinental Exchange (NYSE: ICE) announced that Two Harbors Investment Corp. (NYSE: TWO) has chosen ICE's Encompass digital mortgage platform to support their new direct-to-consumer recapture originations channel. This decision is part of Two Harbors' strategy to retain servicing customers when interest rates drop and borrowers refinance. Two Harbors, now the eighth largest servicer of conventional loans in the U.S. after acquiring RoundPoint Mortgage Servicing in 2023, selected Encompass for its configurability and rapid implementation.
Bill Greenberg, Two Harbors' President and CEO, highlighted the platform's efficiency, stating they were able to offer loans to RoundPoint customers within months of choosing Encompass. The partnership aims to leverage ICE's integrated technology ecosystem for enhanced capabilities and customer benefits.
Two Harbors Investment Corp. (NYSE: TWO) reported its Q2 2024 financial results. Key highlights include:
- Book value of $15.19 per common share
- Declared Q2 common stock dividend of $0.45 per share
- Flat quarterly economic return on book value
- 5.8% total economic return on book value for H1 2024
- Comprehensive Income of $0.5 million, or $0.00 per weighted average basic common share
- Repurchased $10.0 million of convertible senior notes due 2026
- Launched direct-to-consumer recapture originations platform
- Committed to sell $6.4 billion UPB of MSR
- Settled $327.8 million UPB of MSR through flow-sale acquisitions
- Post-quarter, settled $1.6 billion UPB MSR bulk acquisition and committed to purchase additional $1.0 billion UPB
Two Harbors Investment Corp. (NYSE: TWO), an MSR + Agency RMBS real estate investment trust, has announced its schedule for releasing second quarter 2024 financial results. The company will release its financial results on July 30, 2024 after market close, followed by a conference call and live webcast on July 31, 2024 at 9:00 a.m. ET. Investors can access the webcast through the News & Events section of the company's website, with a replay available approximately four hours after the live call ends. For teleconference participation, interested parties can call toll-free (888) 394-8218 about 10 minutes before the start time, using the Conference Code 1669717.
A group of Voxtur shareholders, including former chairman Nicholas H. Smith, is pushing for a major overhaul of the company's board at the upcoming Annual General and Special Meeting (AGSM) scheduled for June 28, 2024. The Voxtur Shareholders for Accountability, holding about 19% of the company's shares, are advocating for six new board members due to significant financial declines under the current management. The company has faced losses in each of the past five years, including a Q4 2023 adjusted EBITDA loss of C$3.9 million and a Q1 2024 loss of C$665,000. The group's nominees include seasoned professionals like Alan P. Qureshi, who is proposed as the new CEO. They aim to implement a long-term strategic plan, streamline expenses, and enhance transparency in financial reporting. The current board is criticized for lacking a coherent strategic plan, experiencing high turnover, and incurring excessive costs.
Two Harbors Investment Corp. (NYSE: TWO) announced a dividend of $0.45 per share of common stock for the second quarter of 2024, payable on July 29, 2024, to common stockholders of record on July 5, 2024. The dividend reflects several factors including earnings, portfolio return potential, and market environment. Additionally, preferred stock dividends have been declared: $0.50781 per share for the 8.125% Series A, $0.47656 per share for the 7.625% Series B, and $0.45313 per share for the 7.25% Series C, all payable on July 29, 2024, to preferred stockholders of record on July 12, 2024.
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