Who is Nat Hardwick?

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling

Fannie Mae: Lenders ask these 4 questions about MSRs

All about transfer and execution
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