2024-04-29 18:44:26 ET
Summary
- Two Harbors Investment Corp. benefits from a higher for longer interest rate environment due to its focus on mortgage servicing rights.
- Q1 earnings reflect strong income generation, with comprehensive income more than doubling from the previous quarter.
- Book value increased by 2.8% in Q1, signaling ongoing stabilization and presenting an opportunity for potential upside.
- Consider the preferred shares.
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For further details see:
Two Harbors Q1 Earnings: Benefiting From Higher For Longer Rates