Two Harbors Investment Corp. Overview
Two Harbors Investment Corp. is a real estate investment trust (REIT) that specializes in investing, financing, and managing mortgage-related assets in the United States. The company operates through its subsidiary, RoundPoint, focusing on mortgage servicing rights (MSRs) and agency residential mortgage-backed securities (RMBS).
Investment Focus
The company targets the following key asset classes:
- Agency RMBS: Collateralized by fixed-rate, adjustable-rate, and hybrid mortgage loans, as well as derivatives.
- Other Financial Assets: Including non-agency securities and non-hedging transactions.
REIT Structure & Tax Benefits
Two Harbors qualifies as a REIT for federal income tax purposes, requiring it to distribute at least 90% of annual taxable income to its stockholders. This structure provides potential tax advantages and consistent income distribution.
Company Background
Founded in 2009, Two Harbors Investment Corp. is headquartered in Saint Louis Park, Minnesota, and remains a key player in the mortgage finance sector.