Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 55

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 55
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631 (143)— — 631 (143)Total$1,750,931 $(6,459)$2,794,020 $(135,393)$4,544,951 $(141,852)

11

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

December 31, 2024Unrealized Loss Position forLess than 12 Months12 Months or MoreTotal(in thousands)Estimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesAgency$3,252,413 $(53,374)$3,845,019 $(270,700)$7,097,432 $(324,074)Non-Agency5 — — — 5 — Total$3,252,418 $(53,374)$3,845,019 $(270,700)$7,097,437 $(324,074)Gross Realized Gains and LossesGains and losses from the sale of AFS securities are recorded as realized gains (losses) within loss on investment securities in the Company’s consolidated statements of comprehensive (loss) income. The following table presents details around sales of AFS securities during the three and six months ended June 30, 2025 and 2024:Three Months EndedSix Months EndedJune 30,June 30,(in thousands)2025202420252024Proceeds from sales of available-for-sale securities$3,771,764 $472,323 $5,101,348 $805,405 Amortized cost of available-for-sale securities sold(3,804,924)(494,316)(5,167,984)(837,561)Total realized losses on sales, net$(33,160)$(21,993)$(66,636)$(32,156)Gross realized gains$7,186 $627 $12,502 $627 Gross realized losses(40,346)(22,620)(79,138)(32,783)Total realized losses on sales, net$(33,160)$(21,993)$(66,636)$(32,156)

Note 6. Servicing Activities

Mortgage Servicing Rights, at Fair ValueOne of the Company’s wholly owned subsidiaries, TH MSR Holdings, has approvals from Fannie Mae and Freddie