Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 45

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 45
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 accrual199,935 — Originations and purchases of mortgage loans held-for-sale(77,539)(51)Proceeds from sales of mortgage loans held-for-sale69,332 — Proceeds from repayment of mortgage loans held-for-sale1,369 101 Net change in assets and liabilities:Increase in accrued interest receivable(3,437)(654)(Increase) decrease in deferred income taxes, net(2,965)22,017 Decrease in accrued interest payable(5,827)(56,093)Change in other operating assets and liabilities, net56,431 (15,796)Net cash provided by operating activities211,025 134,982 Cash Flows From Investing Activities:Purchases of available-for-sale securities(6,345,479)(1,024,496)Proceeds from sales of available-for-sale securities5,101,348 805,405 Principal payments on available-for-sale securities427,842 328,966 Purchases of mortgage servicing rights, net of purchase price adjustments(92,919)(43,425)Proceeds from sales of mortgage servicing rights— 18,181 Net (payments) proceeds on derivative instruments(257,577)199,749 Payments for reverse repurchase agreements(1,791,523)(1,869,168)Proceeds from reverse repurchase agreements1,918,911 1,803,599 Payment for acquisition of RoundPoint Mortgage Servicing LLC— (20,976)Decrease in due to counterparties, net(159,241)(271,586)Net cash used in investing activities$(1,198,638)$(73,751)

The accompanying notes are an integral part of these consolidated financial statements.

5

TWO HARBORS INVESTMENT CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited), continued

(in thousands) 

Six Months EndedJune 30,20252024Cash Flows From Financing Activities:Proceeds from repurchase agreements$25,394,522 $24,530,737 Principal payments on repurchase agreements(24,416,957)(24,116,034)Proceeds from revolving credit facilities213,000 58,500 Principal payments on revolving credit facilities(221,300)(108,400)Proceeds from warehouse lines of credit77,970 — Principal payments on warehouse lines of credit(70,727)— Repayment of term notes payable—