Two Harbors Investment (TWO) Is Up 5.8% After Swinging From 2025 Profit To Loss - Has The Bull Case Changed?
Two Harbors Investment (TWO) experienced a significant shift in its financial performance in 2025, moving from a net income of US$298.17 million to a net loss of US$454.30 million. This sharp swing raises questions about the company's investment narrative, particularly concerning its dividend stability and equity base, despite a recent 5.8% share price increase. Investors are encouraged to consider the earnings volatility and diverse fair value estimates, which range widely from US$1.58 to US$15.79, before making investment decisions.
Two Harbors Investment stock price target raised to $11.50 by KBW By Investing.com
KBW has increased its price target for Two Harbors Investment (NYSE:TWO) to $11.50 from $11.00, while maintaining a Market Perform rating. This adjustment follows a 1.5-2% increase in Two Harbors’ book value as of January 30, suggesting a mark-to-market book value of around $11.35. The new price target reflects approximately one times the mark-to-market book value, and KBW expects the stock to trade in line with UWMC due to a pending all-stock merger.
UWM acquires mortgage servicer in $1.3 billion all-stock deal
United Wholesale Mortgage (UWM) has announced its acquisition of Two Harbors Investment Corp. in a $1.3 billion all-stock deal. This merger will nearly double UWM's mortgage servicing rights portfolio to approximately $400 billion, making the combined entity the 8th largest mortgage servicer in the U.S. The acquisition is expected to provide UWM with significant cost and revenue synergies, a larger public float, and a competitive advantage for its independent mortgage broker partners.
Will a $175 Million Litigation Hit and Ongoing Losses Shift Two Harbors Investment’s (TWO) Story?
Two Harbors Investment Corp (TWO) reported a significant net loss of US$127.92 million in Q3 2025, largely due to a US$175.1 million litigation settlement. This settlement and ongoing operating challenges are recalibrating investor expectations, despite the company's continued dividend payments and subservicing business expansion. The article explores how this litigation hit impacts TWO's investment narrative, emphasizing new focus on capital preservation and risk control.
Two Harbors Investment Corp (TWO) Q3 2025 Earnings Report Preview: What To Look For
This article provides a preview of Two Harbors Investment Corp's Q3 2025 earnings report, detailing analyst consensus for revenue and earnings per share. It also covers trends in estimates for 2025 and 2026, past quarter performance, and current price targets from analysts and GuruFocus, along with brokerage recommendations.
3 Reasons to Avoid TWO and 1 Stock to Buy Instead
This article explains three reasons why investors should avoid Two Harbors Investment (TWO), citing declining net interest income, decreasing earnings per share (EPS), and an erosion of tangible book value per share (TBVPS). The author suggests there are better investment opportunities, highlighting "High Quality" stocks that have shown significant market-beating returns.
Q3 2025 Results: Two Harbors (TWO) to Report Oct 27 — Webcast & Conference Call Oct 28 at 9AM ET - Stock Titan
Two Harbors Investment Corp. (TWO) announced it will release its financial results for the third quarter ended September 30, 2025, after market close on October 27, 2025. The company will host a conference call and live webcast to discuss these results on October 28, 2025, at 9:00 a.m. ET. TWO is a real estate investment trust focused on mortgage servicing rights, residential mortgage-backed securities, and other financial assets.
TWOD: Baby Bond From Two Harbors Currently Overpriced (NYSE:TWOD)
The article discusses the baby bond TWOD from Two Harbors (TWO), highlighting the mReit's recent weak financial results, including a sharp book value drop and poor hedging. The author advises that while TWOD baby bonds are structurally sound, they are currently overpriced, offering limited upside potential and increased downside risk. It recommends that retail investors avoid purchasing TWOD at its current price and wait for a more attractive entry point closer to par value, issuing a 'Sell' rating until value improves.
TWO Announces Earnings Release and Conference Call for Second Quarter 2025 Financial Results
TWO (Two Harbors Investment Corp., NYSE: TWO) announced it will release its financial results for the quarter ended June 30, 2025, after market close on July 28, 2025. The company will host a conference call and live webcast on July 29, 2025, at 9:00 a.m. ET to discuss these results. Details for accessing the webcast and participating in the teleconference are provided.
Ex-Dividend Reminder: Lennar, Bristol Myers Squibb and Two Harbors Investment
This article serves as an ex-dividend reminder for investors regarding Lennar Corp (LEN), Bristol Myers Squibb Co. (BMY), and Two Harbors Investment Corp (TWO). These companies will trade ex-dividend on July 3, 2025, for their upcoming quarterly payouts. The article details the dividend amounts, payment dates, and the expected stock price drop for each company on the ex-dividend date, along with their annualized estimated yields.
Two expects $198.9M charge from external manager lawsuit
Two, the real estate investment trust that owns Roundpoint Mortgage Servicing, anticipates a $198.9 million charge in May due to a lawsuit with its former external manager. This charge includes a $139.8 million contingency liability and $60 million in related expenses. Analysts suggest that this cost could lead to asset sales, potentially including mortgage-backed securities or servicing rights, and has already caused a slight dip in the company's stock price.
Two Harbors Investment Corp. Announces Conversations Video Series
Two Harbors Investment Corp. has launched a new video series called "Conversations" on its website, designed to delve into topics of interest to investors, including those specific to the REIT industry and Two Harbors. President and CEO Bill Greenberg highlights that these informal conversations aim to provide deeper insights into the company's perspectives and strategy. The company hopes these videos will be educational and helpful for investors.
Two Harbors Investment names new chief investment officer
Two Harbors Investment Corp. has appointed Nicholas Letica as its new chief investment officer, where he will oversee the company's investment and hedging strategy. Letica brings 30 years of mortgage experience, having previously worked at TD Securities and Cello Capital. This appointment follows former CIO William Greenberg's transition to president and CEO of the company.
Matrix, Two Harbors Acquire RoundPoint from Freedom Mortgage
Matrix Financial Services Corp., a subsidiary of Two Harbors Investment Corp., has agreed to acquire RoundPoint Mortgage Servicing Corp. from Freedom Mortgage Corp. The acquisition involves a preliminary purchase price based on RoundPoint's tangible net book value plus a $10.5 million premium, with the transaction expected to close in 2023. Two Harbors anticipates significant financial and strategic benefits, including approximately $20 million in incremental annual pre-tax earnings through vertical integration of self-servicing capabilities.
Freedom Mortgage agrees to sell RoundPoint Mortgage Servicing
Freedom Mortgage has agreed to sell RoundPoint Mortgage Servicing to Matrix Financial Services Corp., a subsidiary of Two Harbors Investment Corp. This all-stock deal includes a $10.5 million premium over RoundPoint's tangible net book value and is expected to generate $20 million in annual pre-tax earnings for Two Harbors. The acquisition will enhance Two Harbors' mortgage servicing rights strategy but has resulted in some sales operations closures and layoffs at RoundPoint.
Two Harbors Investment Corp. Appoints William Greenberg as Chief Investment Officer
Two Harbors Investment Corp. (NYSE: TWO) announced the appointment of William Greenberg, its President and Chief Executive Officer, to also serve as the company's Chief Investment Officer. This appointment follows the departure of Matthew Koeppen from the CIO role. Greenberg has a significant background in structured finance and has held various senior positions within Two Harbors and other financial institutions.
Lisa Pollina to step down as Non-Exec Director of IG Group
Lisa Pollina has informed the Board of electronic trading major IG Group Holdings plc of her intention to step down as a Non-Executive Director on September 1, 2021. Pollina currently serves as an investment adviser to Ares Management and a Non-Executive Director of Munich RE, bringing extensive experience from her previous roles at RBC Capital Markets and Bank of America Securities. Her career also includes serving on various public and private corporate Boards and contributing to the Federal Reserve Bank's Working Group on Financial Markets.
Mortgage REIT merger: Two Harbors acquiring CYS Investments
Two Harbors Investment Corp., a mortgage REIT, is acquiring fellow mortgage REIT CYS Investments to expand its agency RMBS business. This merger aims to provide Two Harbors with additional capital for growth in target assets and an improved cost structure, while CYS stockholders will benefit from increased scale, diversification, and liquidity. CYS stockholders will receive newly issued shares of Two Harbors common stock plus $15 million in cash consideration.
twoharborsmortgageservic.htm
This presentation from Two Harbors Investment Corp. provides a primer on Mortgage Servicing Rights (MSR), highlighting their role as a natural hedge to Residential Mortgage-Backed Securities (RMBS). The company demonstrates how a portfolio combining RMBS and MSR offers higher return potential with lower mortgage spread risk and leverage compared to a portfolio using swaps for hedging. It also details Two Harbors' portfolio composition and its focus on high-quality, new issue, conventional MSR.
Two Harbors subsidiary to buy agency MSRs from Flagstar
Matrix Financial Services Corp., a subsidiary of Two Harbors Investment Corp., has agreed to purchase agency mortgage servicing rights (MSRs) with an unpaid principal balance of $40.7 billion from Flagstar Bank for $500 million. This acquisition is part of a larger trend of banks selling off MSRs and represents Two Harbors' continued focus on MSR investments. Flagstar Bank will subservice the loans underlying the MSRs as part of the agreement, which also highlights the increasing attractiveness of MSRs due to rising interest rates and changes in banking regulations.
