ADDED
As of February 11, 2026, there were 105,043,188 shares of common stock, par value $0.01 per share, issued and outstanding.
The Proxy Statement or amended Form 10-K/A will be filed with the Securities and Exchange Commission within 120 days after December 31, 2025.
On December 17, 2025, we entered into an Agreement and Plan of Merger (the Merger Agreement ) with UWM Holdings Corporation ( UWM ), pursuant to which we will merge with and into a merger subsidiary of UWM, with the merger subsidiary continuing as a wholly owned subsidiary of UWM (the Merger ).
is a Maryland corporation founded in 2009 that invests in, finances and manages mortgage servicing rights ( MSR ) and Agency residential mortgage-backed securities ( RMBS ) and, through its operational platform, RoundPoint Mortgage Servicing LLC ( RoundPoint ), is one of the largest servicers of conventional loans in the country.
government sponsored enterprise ( GSE ), such as the Federal National Mortgage Association ( Fannie Mae ), or the Federal Home Loan Mortgage Corporation ( Freddie Mac ), or a U.S.
government agency such as the Government National Mortgage Association ( Ginnie Mae ).
We are structured as an internally-managed real estate investment trust ( REIT ) and our common stock is listed on the New York Stock Exchange ( NYSE ) under the symbol TWO.
We have designated certain of our subsidiaries as taxable REIT subsidiaries ( TRSs ) as defined in the Internal Revenue Code of 1986, as amended (the Code ), to engage in such activities, and we may form additional TRSs in the future.
We also operate our business in a manner that will permit us to maintain our exemption from registration under the Investment Company Act of 1940, as amended (the 1940 Act ).
On December 17, 2025, we, along with UWM, jointly announced that we entered into a definitive agreement for UWM to acquire all of the outstanding shares of our common stock in an all-stock transaction.
REMOVED
As of February 12, 2025, there were 104,022,011 shares of common stock, par value $0.01 per share, issued and outstanding.
is a Maryland corporation founded in 2009 that invests in, finances and manages mortgage servicing rights, or MSR, and Agency residential mortgage-backed securities, or Agency RMBS, and, through our operational platform, RoundPoint Mortgage Servicing LLC, or RoundPoint, we are one of the largest servicers of conventional loans in the country.
We are structured as an internally-managed real estate investment trust, or REIT, and our common stock is listed on the New York Stock Exchange, or NYSE, under the symbol TWO.
We have designated certain of our subsidiaries as taxable REIT subsidiaries, or TRSs, as defined in the Internal Revenue Code of 1986, as amended, or the Internal Revenue Code, to engage in such activities, and we may form additional TRSs in the future.
We also operate our business in a manner that will permit us to maintain our exemption from registration under the Investment Company Act of 1940, as amended, or the 1940 Act.
government agency, such as the Government National Mortgage Association (or Ginnie Mae), or a U.S.
RoundPoint also services mortgage loans underlying MSR owned by third parties.
RoundPoint has approvals from Fannie Mae and Freddie Mac to service residential mortgage loans.
residential mortgage and housing markets; our outlook for the level, slope and volatility of interest rates; the credit quality of the loans underlying our target assets; the rating assigned to securities; and our outlook for asset spreads relative to the Secured Overnight Financing Rate, or SOFR, curve, the Overnight Index Swap Rate, or OIS, the U.S.
, a haircut of 30% to 40%) and 80% to 95% of the value of servicing advances financed ( i.e., a haircut of 5% to 20%), depending on the type of advance ( e.g.