Two Harbors is a residential mortgage investment company founded in 2009 and headquartered in St. Louis Park, Minnesota, with its state of incorporation in Maryland. It pursues a paired portfolio strategy of mortgage servicing rights (MSRs) and agency residential mortgage-backed securities (RMBS), combining the two asset classes so that their exposure remains complementary as interest rates and borrower prepayment behaviour change. The stated objectives of the strategy are attractive risk-adjusted returns, capital protection through market cycles, and a durable dividend.
The work sits at the intersection of fixed-income portfolio management and applied quantitative finance. Technical domains include MSR investing, agency RMBS, mortgage loan servicing and origination, financial asset portfolio management, and interest rate and prepayment risk modelling. Through RoundPoint Mortgage Servicing LLC, a fully licensed servicer and originator acquired in 2023, Two Harbors services and originates conventional mortgage loans; RoundPoint is described as one of the largest servicers of conventional loans in the United States.
Corporate milestones include the internalisation of management in 2016, the spin-off of Granite Point Mortgage Trust in 2017, the acquisition of CYS Investments in 2019, and the acquisition of RoundPoint Mortgage Servicing LLC in 2023. In August 2026 Two Harbors completed a merger with CrossCountry Mortgage and became a wholly owned subsidiary of CrossCountry Mortgage, LLC.
The company describes its culture as collaborative, with an emphasis on employee development, diverse employee perspectives, responsible workplace practices and community participation, including housing-related charitable partnerships.
