Company: TWO-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001465740-25-000083
Chunk: 179

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 179
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,032 $2,032 $— $— Term notes payable$— $— $295,271 $289,653 Convertible senior notes$260,229 $259,241 $268,582 $254,232 Derivative liabilities$24,897 $24,897 $21,506 $21,506 

Note 13. Repurchase Agreements

As of December 31, 2024 and December 31, 2023, the Company had outstanding $7.8 billion and $8.0 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 5.15% and 5.74% and weighted average remaining maturities of 94 and 55 days as of December 31, 2024 and December 31, 2023, respectively.

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

At December 31, 2024 and December 31, 2023, the Company’s repurchase agreements had the following characteristics and remaining maturities:December 31, 2024Collateral Type(in thousands)Agency RMBSNon-Agency SecuritiesAgency DerivativesMortgage Servicing RightsTotal Amount OutstandingWithin 30 days$2,373,562 $— $4,262 $— $2,377,824 30 to 59 days2,316,237 — — — 2,316,237 60 to 89 days1,304,175 207 731 — 1,305,113 90 to 119 days759,177 — — — 759,177 120 to 364 days291,706 — — 75,000 366,706 One year and over— — — 680,000 680,000 Total$7,044,857 $207 $4,993 $755,000 $7,805,057 Weighted average borrowing rate4.90 %5.39 %5.31 %7.44 %5.15 %December 31, 2023Collateral Type(in thousands)Agency RMBSNon-Agency SecuritiesAgency DerivativesMortgage Servicing RightsTotal Amount Outstanding