Company: TWO-PC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001465740-25-000152
Chunk: 146

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 2
Chunk 146
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8.2 %25.2 > 3.25 - 3.75%14,064 1,058,151 3.4 %122 96 755 64.0 %0.4 %9.8 %25.2 > 3.75 - 4.25%6,503 440,388 3.9 %121 90 741 65.6 %0.8 %10.9 %25.3 > 4.25%5,643 844,919 5.3 %297 34 750 64.3 %1.2 %16.4 %27.4 103,893 15,091,271 2.7 %216 63 768 60.7 %0.3 %7.2 %25.2 Total ARMs1,692 584,251 5.2 %457 41 766 71.6 %0.6 %14.0 %25.2 Total720,038 $175,820,641 3.6 %$328 61 759 73.0 %0.9 %6.0 %25.4 

Financing

Our borrowings consist primarily of repurchase agreements, revolving credit facilities, warehouse lines of credit, senior notes and convertible senior notes. Repurchase agreements, revolving credit facilities and warehouse lines of credit are collateralized by our pledge of AFS securities, derivative instruments, MSR, mortgage loans held-for-sale, servicing advances and certain cash balances, while senior notes and convertible senior notes are considered unsecured corporate debt. Substantially all of our Agency RMBS are currently pledged as collateral for repurchase agreements. Additionally, a substantial portion of our MSR is currently pledged as collateral for repurchase agreements and revolving credit facilities, and a portion of our servicing advances have been pledged as collateral for revolving credit facilities. We have three repurchase facilities in place that are secured by VFNs issued in connection with our securitization of MSR, which are collateralized by portions of our MSR portfolio. Substantially all of our funded mortgage loans held-for-sale are currently pledged as collateral for repurchase agreements and warehouse lines of credit for a period of up to 90 days or until they are sold to the GSEs or other third-party investors in the secondary market