America’s housing not ready for ever-expanding over-50 population

America’s housing not ready for ever-expanding over-50 population

Harvard/AARP Study: Housing lacks accessibility, affordability for older Boomers

The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros
W S
Investments / The Ticker

Two Harbors 1Q earnings miss estimates, hit $88.2M

dollar zoomed in
/ Print / Reprints /
| Share More
/ Text Size+

Two Harbors Investment Corp.'s (TWO) core earnings for the first quarter hit $88.2 million, or $0.24 per diluted share, compared to $76.4 million, or $0.21 per diluted share, for the previous quarter.

This missed earnings estimates by $0.01.

In addition, the company posted a net realized loss on residential mortgage-backed securities, trading securities and mortgage loans held-for-sale of $38.5 million.

It posts unrealized losses on trading securities, mortgage loan forward purchase commitments and mortgage loans held-for-sale of $2.3 million.

“We delivered strong first-quarter results, demonstrating our ability to generate alpha in a variety of interest rate environments,” stated Thomas Siering, Two Harbors’ president and CEO. “Two Harbors generated comprehensive income of $152.6 million for the period, representing a 15.7% return on average equity.”

Recent Articles by Brena Swanson

Comments powered by Disqus