Two Harbors Investment Corp. Q1 2026 Earnings Call Summary
Two Harbors Investment Corp. reported a negative 2.0% total economic return in Q1 2026, driven by deteriorating risk asset performance due to Middle East conflict. The company is merging with CrossCountry Mortgage, increasing the acquisition price to $11.30 per share, and expects the merger to close in the second half of 2026. Book value declined to $10.57 per share as market expectations for Fed rate cuts were eliminated.
Topics: book value earnings call economic return interest rates merger mortgage industry