Company: TWO-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001465740-25-000104
Chunk: 51

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 51
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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 RMBSNon-Agency SecuritiesAgency DerivativesMortgage Servicing RightsTotal Amount OutstandingWithin 30 days$3,854,675$—$3,344$—$3,858,01930 to 59 days1,095,184—12,518—1,107,70260 to 89 days898,956———898,95690 to 119 days915,695———915,695120 to 364 days2,189,644195619125,0002,315,458One year and over———645,000645,000Total$8,954,154$195$16,481$770,000$9,740,830Weighted average borrowing rate4.50 %5.01 %4.79 %7.38 %4.73