---
title: "Two Harbors Reports Q3 2025 Financial Results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/263210434.md"
description: "Two Harbors Investment Corp. reported its Q3 2025 financial results, showing a comprehensive loss of $80.2 million, primarily due to a $175.1 million litigation settlement. Excluding this, the company achieved a 7.6% economic return on book value. The firm expanded its subservicing business, onboarding a new client and settling $19.1 billion in mortgage servicing rights. The weighted average gross coupon rate for its MSR portfolio was 3.58%, with a slight increase in delinquency to 0.87%. Looking ahead, Two Harbors is optimistic about opportunities in the MSR and RMBS markets amid expected interest rate cuts."
datetime: "2025-10-29T04:33:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263210434.md)
  - [en](https://longbridge.com/en/news/263210434.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263210434.md)
generator: "portal-rs"
---

# Two Harbors Reports Q3 2025 Financial Results

Two Harbors Investment Corp., a real estate investment trust (REIT) focused on mortgage servicing rights (MSR) and residential mortgage-backed securities (RMBS), has announced its financial results for the third quarter of 2025.

Despite facing a comprehensive loss of $80.2 million, the company reported a strong performance excluding litigation settlement expenses, achieving a 7.6% quarterly economic return on book value. The settlement with the former external manager resulted in a significant expense of $175.1 million, impacting the overall financial outcome. 

The company successfully expanded its subservicing business, onboarding a new client and settling $19.1 billion in MSR during the quarter. Additionally, Two Harbors reported a weighted average gross coupon rate of 3.58% for its MSR portfolio and a slight increase in the delinquency rate to 0.87%. 

Looking forward, Two Harbors is optimistic about capitalizing on opportunities in the MSR and RMBS markets, with expectations of attractive risk-adjusted returns amid anticipated interest rate cuts by the Federal Reserve. The company aims to drive growth in its servicing and originations businesses, leveraging a clean slate post-settlement.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**