Company: TWO-PC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001465740-25-000152
Chunk: 50

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 1
Chunk 50
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720 $7,720 $24,897 $24,897 

Note 13. Financing

Secured FinancingThe following tables summarize the Company’s secured financing arrangements by collateral type:September 30, 2025Collateral Type(in thousands)RMBS (1)Mortgage Servicing Rights and AdvancesMortgage Loans Held-for-SaleTotal Secured FinancingRepurchase agreements$6,363,146 $738,000 $3,504 $7,104,650 Revolving credit facilities— 945,371 — 945,371 Warehouse lines of credit— — 8,452 8,452 Total$6,363,146 $1,683,371 $11,956 $8,058,473 

34

Table of ContentsTWO HARBORS INVESTMENT CORP.Notes to the Consolidated Financial Statements (unaudited)

December 31, 2024Collateral Type(in thousands)RMBS (1)Mortgage Servicing Rights and AdvancesMortgage Loans Held-for-SaleTotal Secured FinancingRepurchase agreements$7,050,057 $755,000 $— $7,805,057 Revolving credit facilities— 1,020,171 — 1,020,171 Warehouse lines of credit— — 2,032 2,032 Total$7,050,057 $1,775,171 $2,032 $8,827,260 ____________________(1)Includes Agency and non-Agency AFS securities and Agency derivatives, as detailed within the Repurchase Agreements section of this Note 13.Repurchase AgreementsThe Company finances certain of its investment securities, MSR and mortgage loans held-for-sale through the use of repurchase facilities. At September 30, 2025 and December 31, 2024, the Company’s repurchase agreements had the following characteristics and remaining maturities:September 30, 2025Collateral Type(dollars in thousands)Agency RMBSNon-Agency SecuritiesAgency DerivativesMortgage Servicing RightsMortgage Loans Held-for-SaleTotal Amount OutstandingWithin 30 days$2,232,383$—$3,667$—$— $2,236,05030 to 59 days608,474—102,346—— 710,82060 to 89 days————3,504