Two Harbors Investment Corp. operates as a real estate investment trust (REIT), concentrating its efforts on the acquisition, funding, and oversight of various mortgage-related assets within the United States. These holdings primarily encompass residential mortgage-backed securities (RMBS), non-agency debt instruments, and mortgage servicing rights, alongside other financial assets. Specifically, the firm targets agency RMBS underpinned by fixed-rate, adjustable-rate, and hybrid adjustable-rate mortgage loans.