Company: TWO-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001465740-25-000083
Chunk: 99

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 99
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,032 6.64 %0.2 — — %— Term notes payable— — %— 295,271 8.27 %0.5 Convertible senior notes (1)260,229 6.25 %1.0 268,582 6.25 %2.0 Total$9,087,489 5.45 %0.4 $9,913,231 6.22 %0.3 

(dollars in thousands)December 31, 2024December 31, 2023Collateral TypeAmount OutstandingWeighted Average Borrowing RateWeighted Average Haircut on Collateral ValueAmount OutstandingWeighted Average Borrowing RateWeighted Average Haircut on Collateral ValueAgency RMBS$7,044,857 4.90 %3.7 %$7,739,356 5.64 %3.8 %Non-Agency securities207 5.39 %44.2 %233 6.36 %44.2 %Agency Derivatives4,993 5.31 %17.6 %8,046 6.14 %18.5 %Mortgage servicing rights1,684,871 7.53 %30.7 %1,862,714 8.59 %32.4 %Mortgage servicing advances90,300 7.23 %12.8 %34,300 8.68 %12.4 %Mortgage loans held-for-sale2,032 6.64 %— %— — %— %Other (1)260,229 6.25 %N/A268,582 6.25 %N/ATotal$9,087,489 5.45 %8.7 %$9,913,231 6.22 %9.1 %

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(1)Includes unsecured convertible senior notes due 2026 paying interest semiannually at a rate of 6.25% per annum on the aggregate principal amount, which was $261.9 million on December 31, 2024.

As of December 31, 2024, the debt-to-equity ratio funding our Agency and non-Agency investment securities, MSR and related servicing advances and mortgage loans held-for-sale, which includes