Two Harbors Investment (TWO) Misses Q1 EPS by 6c

Two Harbors Investment (NYSE: TWO) reported Q1 EPS of $0.17, $0.06 worse than the analyst estimate of $0.23.

“With mortgage spreads at historically tight levels, our Agency + MSR strategy, with its lower exposure to mortgage spreads, is especially attractive,” stated Bill Greenberg, Two Harbors’ President and Chief Executive Officer. “As spreads normalize, we expect to increase leverage and deploy excess capital at more attractive levels. In the meantime, we are committed to growing our MSR portfolio and have expanded our funding capacity to execute on that strategy.”

For earnings history and earnings-related data on Two Harbors Investment (TWO) click here.

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