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TWO-PA| Name | Value |
|---|---|
| Revenues | 0.0M |
| Cost of Revenue | 21.8M |
| Gross Profit | -21.8M |
| Operating Expense | 348.8M |
| Operating I/L | -370.6M |
| Other Income/Expense | 678.2M |
| Interest Income | 103.8M |
| Pretax | 307.6M |
| Income Tax Expense | 30.9M |
| Net Income/Loss | 264.9M |
Two Harbors Investment Corp. is a real estate investment trust (REIT) specializing in investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. The company's focus is on agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgages (ARMs), as well as other financial and mortgage-related assets. As a REIT, it must distribute at least 90% of annual taxable income to its stockholders, qualifying for federal income tax purposes. Two Harbors Investment Corp. generates revenue through the management and investment of these assets.
