Following this transaction, Letica retains direct ownership of 168,935 shares in the real estate investment trust. InvestingPro data reveals two key insights about TWO: the stock shows notable price volatility and maintains significant dividend payments to shareholders. For deeper insights and additional ProTips, access the comprehensive Pro Research Report available on InvestingPro. The sale was conducted under a pre-arranged trading plan established in August 2022, in compliance with Rule 10b5-1 of the Securities Exchange Act of 1934.
Following this transaction, Letica retains direct ownership of 168,935 shares in the real estate investment trust. InvestingPro data reveals two key insights about TWO: the stock shows notable price volatility and maintains significant dividend payments to shareholders. For deeper insights and additional ProTips, access the comprehensive Pro Research Report available on InvestingPro. The sale was conducted under a pre-arranged trading plan established in August 2022, in compliance with Rule 10b5-1 of the Securities Exchange Act of 1934.
In other recent news, Two Harbors Investment Corp (NYSE:TWO). has announced the appointment of Travis Swenson as its new Chief Financial Officer, effective from May 2025. Swenson, who brings a wealth of experience from his past roles at Colliers Mortgage Holdings LLC and WeWork (OTC:WEWKQ), Inc., will assume the role of Deputy CFO under the interim CFO William Dellal until his official appointment.
In earnings news, Two Harbors reported a stable Q3 2024 performance, with a book value of $14.93 per share and a comprehensive income of $19.3 million. The company's investment portfolio totaled $16.4 billion, and its direct-to-consumer loan origination channel generated $22.4 million in first mortgages.
The company also unveiled a new branding strategy, emphasizing its core focus on Mortgage Servicing Rights (MSR) as a key investment strategy. Despite a noted decline in MSR valuation between 1.5% and 3%, the MSR market remained resilient with stable prices and strong demand from banks and non-banks. The company anticipates a static return estimate between 9.5% to 12.7%.
Two Harbors' new CFO and the strategic focus on MSR are among the recent developments in the company. These developments are expected to enhance shareholder returns and position Two Harbors for future growth.
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