Company: TWO-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001465740-25-000104
Chunk: 150

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 150
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Fair ValueAssets:Available-for-sale securities$8,606,870 $8,606,870 $7,371,711 $7,371,711 Mortgage servicing rights$2,959,773 $2,959,773 $2,994,271 $2,994,271 Mortgage loans held-for-sale$8,406 $8,406 $2,334 $2,334 Cash and cash equivalents$573,882 $573,882 $504,613 $504,613 Restricted cash$123,843 $123,843 $313,028 $313,028 Derivative assets$27,550 $27,550 $10,114 $10,114 Reverse repurchase agreements$227,818 $227,818 $355,975 $355,975 Other assets$31,283 $31,283 $31,283 $31,283 Liabilities:Repurchase agreements$9,740,830 $9,740,830 $7,805,057 $7,805,057 Revolving credit facilities$933,171 $933,171 $1,020,171 $1,020,171 Warehouse facilities$7,971 $7,971 $2,032 $2,032 Convertible senior notes$260,591 $261,338 $260,229 $259,241 Derivative liabilities$3,097 $3,097 $24,897 $24,897 

Note 13. Repurchase Agreements

As of March 31, 2025 and December 31, 2024, the Company had outstanding $9.7 billion and $7.8 billion, respectively, of repurchase agreements. Excluding the effect of the Company’s interest rate swaps, the repurchase agreements had a weighted average borrowing rate of 4.73% and 5.15% and weighted average remaining maturities of 96 and 94 days as of March 31, 2025 and December 31, 2024, respectively.At March 31, 2025 and December 31, 2024, the Company’s repurchase agreements had the following characteristics and remaining maturities:March 31, 2025Collateral Type(dollars in thousands)Agency RMBS