Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 272

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 272
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 %272 50 777 59.1 %0.2 %4.4 %25.0 > 2.25 - 2.75%36,452 6,672,905 2.4 %228 53 772 58.9 %0.3 %5.6 %25.0 > 2.75 - 3.25%30,529 3,518,484 2.9 %170 76 765 61.4 %0.3 %7.8 %25.3 > 3.25 - 3.75%16,408 1,359,595 3.4 %132 89 755 64.0 %0.4 %9.8 %25.4 > 3.75 - 4.25%7,653 554,567 3.9 %127 84 740 65.4 %0.9 %9.9 %25.3 > 4.25%6,449 931,979 5.2 %295 33 749 64.2 %1.1 %11.7 %27.5 119,129 17,994,840 2.7 %222 59 769 60.3 %0.3 %6.4 %25.2 Total ARMs1,839 631,904 5.1 %454 39 766 71.3 %0.5 %12.1 %25.3 Total805,261 $198,822,611 3.5 %$330 58 760 72.6 %0.8 %5.8 %25.4 

62

Financing

Our borrowings consist primarily of repurchase agreements, revolving credit facilities, warehouse lines of credit, senior notes and convertible senior notes. Repurchase agreements and revolving credit facilities are collateralized by our pledge of AFS securities, derivative instruments, MSR, mortgage loans held-for-sale, servicing advances and certain cash balances. 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