Discontinued — last reported Q4 '25

Operating

Servicing Asset at Fair Value, Total Changes in Fair Value

Two Harbors Investment Corporation Servicing Asset at Fair Value, Total Changes in Fair Value increased by 37.8% to -$65.21M in Q4 2025 compared to the prior quarter. Over 2 years (FY 2021 to FY 2025), Servicing Asset at Fair Value, Total Changes in Fair Value shows a downward trend with a 45.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementCash Flow Statement
SectionOperating
CategoryMarket Position
SignalHigher is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ4 2025Feb 17, 2026

How to read this metric

Increases signal favorable interest rate environments or slower prepayment speeds; decreases signal the opposite.

Detailed definition

This represents the periodic change in the fair value of mortgage servicing rights (MSRs) held by the company. MSRs are...

Peer comparison

Specific to mortgage REITs and mortgage banking firms; highly dependent on interest rate volatility.

Metric ID: operating_servicing_assetat_fair_value_total_changesin_f_37c4f8

Historical Data

17 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value-$268.05M-$42.50M-$131.83M$410.62M$85.56M-$6.72M-$28.08M$21.68M$67.37M-$172.59M$11.01M-$22.86M-$133.35M-$36.22M-$35.90M-$104.90M-$65.21M
QoQ Change+84.1%-210.2%+411.5%-79.2%-107.9%-317.8%+177.2%+210.8%-356.2%+106.4%-307.6%-483.4%+72.8%+0.9%-192.2%+37.8%
YoY Change+131.9%+84.2%-106.8%-74.7%>999%+139.2%-205.4%-297.9%-428.9%-57.1%+21.3%
Range-$268.05M$410.62M
CAGR-29.8%
Avg YoY Growth+28.0%
Median YoY Growth-57.1%

Frequently Asked Questions

What is Two Harbors Investment Corporation's servicing asset at fair value, total changes in fair value?
Two Harbors Investment Corporation (TWO) reported servicing asset at fair value, total changes in fair value of -$65.21M in Q4 2025.
What is the long-term trend for Two Harbors Investment Corporation's servicing asset at fair value, total changes in fair value?
Over 2 years (2021 to 2025), Two Harbors Investment Corporation's servicing asset at fair value, total changes in fair value has grown at a 45.2% compound annual growth rate (CAGR), from -$114.94M to -$242.23M.
What does servicing asset at fair value, total changes in fair value mean?
The change in the estimated market value of the company's rights to service mortgage loans.