$TWO
TWO HARBORS INVESTMENT CORP. Stock $two

$two Overview Financials Valuation SEC Filings Company Website

2011 Q3 Form 10-Q Financial Statement

#000146574011000069 Filed on November 04, 2011

Income Statement

Concept	2011 Q3	2010 Q3
Revenue	$0.00	$11.90M
YoY Change	-100.0%
Cost Of Revenue	$12.00M	$2.300M
YoY Change	421.74%
Gross Profit	$55.70M	$9.600M
YoY Change	480.21%
Gross Profit Margin		80.67%
Selling, General & Admin	$2.900M	$1.200M
YoY Change	141.67%	20.0%
% of Gross Profit	5.21%	12.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$2.850M	$1.200M
YoY Change	137.5%	20.0%
Operating Profit	$52.85M	$8.400M
YoY Change	529.17%	-940.0%
Interest Expense	$7.218M	$1.396M
YoY Change	417.05%
% of Operating Profit	13.66%	16.62%
Other Income/Expense, Net
YoY Change
Pretax Income	$64.00M	$9.632M
YoY Change	564.42%	-1063.2%
Income Tax	$9.388M	-$246.0K
% Of Pretax Income	14.67%	-2.55%
Net Earnings	$54.61M	$9.878M
YoY Change	452.83%	-1173.7%
Net Earnings / Revenue		83.01%
Basic Earnings Per Share	$0.42	$0.38
Diluted Earnings Per Share	$0.42	$0.38
COMMON SHARES
Basic Shares Outstanding	130.6M shares	26.13M shares
Diluted Shares Outstanding	130.6M shares	26.13M shares

Balance Sheet

Concept	2011 Q3	2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$410.0M	$66.00M
YoY Change	521.21%	6500.0%
Cash & Equivalents	$409.9M	$66.20M
Short-Term Investments
Other Short-Term Assets	$0.00	$0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$8.349B	$82.00M
YoY Change	10081.92%	8100.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$7.939B	$1.076B
YoY Change	637.83%
Other Assets	$164.0M	$29.00M
YoY Change	465.52%	-88.8%
Total Long-Term Assets	$469.6M	$1.130B
YoY Change	-58.44%	334.62%
TOTAL ASSETS
Total Short-Term Assets	$8.349B	$82.00M
Total Long-Term Assets	$469.6M	$1.130B
Total Assets	$8.819B	$1.212B
YoY Change	627.62%	364.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$13.00M	$2.000M
YoY Change	550.0%
Deferred Revenue
YoY Change
Short-Term Debt	$7.301B	$943.0M
YoY Change	674.23%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$7.466B	$955.0M
YoY Change	681.78%	95400.0%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$46.00M	$15.00M
YoY Change	206.67%	-80.77%
Total Long-Term Liabilities	$46.00M	$15.00M
YoY Change	206.67%	-80.77%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.466B	$955.0M
Total Long-Term Liabilities	$46.00M	$15.00M
Total Liabilities	$7.512B	$971.0M
YoY Change	673.6%	1129.11%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$1.406M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.307B	$241.4M
YoY Change
Total Liabilities & Shareholders Equity	$8.819B	$1.212B
YoY Change	627.62%	364.37%

Cashflow Statement

Concept	2011 Q3	2010 Q3
OPERATING ACTIVITIES
Net Income	$54.61M	$9.878M
YoY Change	452.83%	-1173.7%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	$45.60M	$9.800M
YoY Change	365.31%	-1188.89%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$2.738B	-$83.20M
YoY Change	3190.63%	-27833.33%
Cash From Investing Activities	-$2.738B	-$83.20M
YoY Change	3190.63%	-27833.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$490.2M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	2.920B	68.10M
YoY Change	4188.11%
NET CHANGE
Cash From Operating Activities	45.60M	9.800M
Cash From Investing Activities	-2.738B	-83.20M
Cash From Financing Activities	2.920B	68.10M
Net Change In Cash	228.0M	-5.300M
YoY Change	-4401.89%	783.33%
FREE CASH FLOW
Cash From Operating Activities	$45.60M	$9.800M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities	3665000	USD
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-1987000	USD
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	57000	USD
CY2011Q3	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	7747000	USD
CY2010Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	2063000	USD
CY2010Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	22619000	USD
CY2011Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-26325000	USD
CY2010Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	366974000	USD
CY2011Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	1372944000	USD
CY2011Q3	us-gaap	Asset Management Costs AssetManagementCosts	4785000	USD
	us-gaap	Asset Management Costs AssetManagementCosts	2068000	USD
CY2010Q3	us-gaap	Asset Management Costs AssetManagementCosts	862000	USD
	us-gaap	Asset Management Costs AssetManagementCosts	9063000	USD
CY2011Q3	us-gaap	Assets Assets	8818809000	USD
CY2010Q4	us-gaap	Assets Assets	1797432000	USD
CY2010Q4	us-gaap	Assets Current AssetsCurrent	1717828000	USD
CY2011Q3	us-gaap	Assets Current AssetsCurrent	8349172000	USD
CY2011Q3	us-gaap	Available For Sale Securities AvailableForSaleSecurities	6412895000	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	1025000	USD
CY2010Q4	us-gaap	Available For Sale Securities AvailableForSaleSecurities	1354405000	USD
CY2011Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	409947000	USD
CY2010Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	163900000	USD
CY2009Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	26105000	USD
CY2010Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	66199000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	246047000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	40094000	USD
CY2011Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.40
CY2010Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.39
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.08
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.20
CY2011Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2010Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2010Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2011Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2011Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	140586736	shares
CY2010Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	40501212	shares
CY2011Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	140586736	shares
CY2010Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	40501212	shares
CY2011Q3	us-gaap	Common Stock Value CommonStockValue	1406000	USD
CY2010Q4	us-gaap	Common Stock Value CommonStockValue	405000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	36296000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	27058000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	5400000	USD
CY2011Q3	us-gaap	Costs And Expenses CostsAndExpenses	7635000	USD
CY2010Q3	us-gaap	Costs And Expenses CostsAndExpenses	2075000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	15579000	USD
CY2011Q3	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	245314000	USD
CY2010Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	38109000	USD
CY2011Q3	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	46182000	USD
CY2010Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	158000	USD
	us-gaap	Derivative Instruments Gain Loss Recognized In Income Net DerivativeInstrumentsGainLossRecognizedInIncomeNet	4197000	USD
CY2011Q3	us-gaap	Derivative Instruments Gain Loss Recognized In Income Net DerivativeInstrumentsGainLossRecognizedInIncomeNet	22361000	USD
	us-gaap	Derivative Instruments Gain Loss Recognized In Income Net DerivativeInstrumentsGainLossRecognizedInIncomeNet	37474000	USD
CY2010Q3	us-gaap	Derivative Instruments Gain Loss Recognized In Income Net DerivativeInstrumentsGainLossRecognizedInIncomeNet	3098000	USD
	us-gaap	Dividends Common Stock DividendsCommonStock	-23635000	USD
	us-gaap	Dividends Common Stock DividendsCommonStock	-109346000	USD
CY2010Q4	us-gaap	Dividends Payable Amount DividendsPayableAmount	10450000	USD
CY2011Q3	us-gaap	Dividends Payable Amount DividendsPayableAmount	56235000	USD
CY2010Q3	us-gaap	Dividends Payable Amount DividendsPayableAmount	10189000	USD
CY2010Q4	us-gaap	Due From Correspondent Brokers DueFromCorrespondentBrokers	12304000	USD
CY2011Q3	us-gaap	Due From Correspondent Brokers DueFromCorrespondentBrokers	33918000	USD
CY2010Q4	us-gaap	Due To Correspondent Brokers DueToCorrespondentBrokers	231724000	USD
CY2011Q3	us-gaap	Due To Correspondent Brokers DueToCorrespondentBrokers	90880000	USD
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.90
CY2011Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.42
CY2010Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.38
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.93
	us-gaap	Gain Loss On Investments GainLossOnInvestments	4608000	USD
CY2010Q3	us-gaap	Gain Loss On Investments GainLossOnInvestments	2577000	USD
CY2011Q3	us-gaap	Gain Loss On Investments GainLossOnInvestments	31432000	USD
	us-gaap	Gain Loss On Investments GainLossOnInvestments	36159000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1555000	USD
CY2011Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9388000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5064000	USD
CY2010Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-246000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-497000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1000	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	0	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	928000	USD
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	20127000	USD
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	1671000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	5684000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	752000	USD
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-4136000	USD
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	1162000	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-400000	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	0	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	4657000	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	526000	USD
	us-gaap	Increase Decrease In Payables To Broker Dealers IncreaseDecreaseInPayablesToBrokerDealers	-162458000	USD
	us-gaap	Increase Decrease In Payables To Broker Dealers IncreaseDecreaseInPayablesToBrokerDealers	-10978000	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-432000	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-155000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	141728000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	18814000	USD
	us-gaap	Interest And Dividend Income Securities Available For Sale InterestAndDividendIncomeSecuritiesAvailableForSale	125413000	USD
CY2010Q3	us-gaap	Interest And Dividend Income Securities Available For Sale InterestAndDividendIncomeSecuritiesAvailableForSale	11823000	USD
CY2011Q3	us-gaap	Interest And Dividend Income Securities Available For Sale InterestAndDividendIncomeSecuritiesAvailableForSale	65919000	USD
	us-gaap	Interest And Dividend Income Securities Available For Sale InterestAndDividendIncomeSecuritiesAvailableForSale	27064000	USD
CY2011Q3	us-gaap	Interest And Dividend Income Securities Trading Or Measured At Fair Value InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue	1706000	USD
	us-gaap	Interest And Dividend Income Securities Trading Or Measured At Fair Value InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue	2783000	USD
CY2010Q3	us-gaap	Interest And Dividend Income Securities Trading Or Measured At Fair Value InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue	15000	USD
	us-gaap	Interest And Dividend Income Securities Trading Or Measured At Fair Value InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue	15000	USD
CY2011Q3	us-gaap	Interest Expense InterestExpense	7218000	USD
	us-gaap	Interest Expense InterestExpense	2777000	USD
CY2010Q3	us-gaap	Interest Expense InterestExpense	1395000	USD
	us-gaap	Interest Expense InterestExpense	13580000	USD
	us-gaap	Interest Income Domestic Deposits InterestIncomeDomesticDeposits	70000	USD
CY2011Q3	us-gaap	Interest Income Domestic Deposits InterestIncomeDomesticDeposits	114000	USD
CY2010Q3	us-gaap	Interest Income Domestic Deposits InterestIncomeDomesticDeposits	27000	USD
	us-gaap	Interest Income Domestic Deposits InterestIncomeDomesticDeposits	241000	USD
CY2011Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	60521000	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	24372000	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	114857000	USD
CY2010Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	10470000	USD
	us-gaap	Interest Paid InterestPaid	8923000	USD
	us-gaap	Interest Paid InterestPaid	2251000	USD
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CY2010Q4	us-gaap	Interest Receivable InterestReceivable	5383000	USD
CY2011Q3	us-gaap	Interest Receivable InterestReceivable	25510000	USD
	us-gaap	Investment Income Net InvestmentIncomeNet	27149000	USD
CY2011Q3	us-gaap	Investment Income Net InvestmentIncomeNet	67739000	USD
	us-gaap	Investment Income Net InvestmentIncomeNet	128437000	USD
CY2010Q3	us-gaap	Investment Income Net InvestmentIncomeNet	11865000	USD
CY2011Q3	us-gaap	Liabilities Liabilities	7511678000	USD
CY2010Q4	us-gaap	Liabilities Liabilities	1414984000	USD
CY2011Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	8818809000	USD
CY2010Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1797432000	USD
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-right:26px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Operations</font></div><div style="line-height:120%;padding-right:26px;padding-top:4px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Two Harbors Investment Corp., or the Company, is a Maryland corporation focused on investing in, financing and managing residential mortgage-backed securities, or RMBS, residential mortgage loans and other financial assets. The Company is externally managed and advised by PRCM Advisers LLC, a subsidiary of Pine River Capital Management L.P., or Pine River, a global multi-strategy asset management firm. The Company's common stock is listed on the NYSE and its warrants are listed on the NYSE Amex under the symbols “TWO” and “TWO.WS,” respectively.</font></div><div style="line-height:120%;padding-right:26px;padding-top:4px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 18, 2011, the Company announced that it had taken the first step toward setting up a securitization issuance program by partnering with Barclays Bank PLC, or Barclays, to close on a $100 million mortgage loan warehouse facility, or Barclays facility, subject to future increase. The Barclays facility will be used to aggregate prime jumbo residential mortgage loans that the Company will acquire from select mortgage loan originators with whom the Company has chosen to build strategic relationships, including those with a nationwide presence. The Company is targeting a $250 million deal size for its initial securitization, with Barclays Capital acting as underwriter. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2011</font><font style="font-family:inherit;font-size:10pt;">, the Company has neither purchased any mortgage loan assets nor established the securitization program as a distinct operational business segment. As anticipated, the Company's initiatives in the three months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September 30, 2011</font><font style="font-family:inherit;font-size:10pt;"> continued to focus on establishing underwriting guidelines and originator relationships, addressing regulatory requirements and building an infrastructure to support a sustainable program.</font></div><div style="line-height:120%;padding-right:26px;padding-top:4px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has elected to be treated as a real estate investment trust, or REIT, for U.S. federal income tax purposes commencing with its initial taxable period ended December 31, 2009. As long as the Company continues to comply with a number of requirements under federal tax law and maintains its qualification as a REIT, the Company generally will not be subject to U.S. federal income tax to the extent that the Company distributes its taxable income to its stockholders on an annual basis and does not engage in prohibited transactions. Certain activities the Company performs may cause us to earn income which will not be qualifying income for REIT purposes. For these activities, the Company utilizes its taxable REIT subsidiaries, which are subject to U.S. federal income tax.</font></div><div style="line-height:120%;padding-right:26px;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	620997000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	7074004000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-603817000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-6916461000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	22914000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	88504000	USD
	us-gaap	Net Income Loss NetIncomeLoss	19295000	USD
CY2011Q3	us-gaap	Net Income Loss NetIncomeLoss	54609000	USD
CY2010Q3	us-gaap	Net Income Loss NetIncomeLoss	9880000	USD
	us-gaap	Net Income Loss NetIncomeLoss	76002000	USD
CY2011Q3	us-gaap	Other Assets OtherAssets	619000	USD
CY2010Q4	us-gaap	Other Assets OtherAssets	1260000	USD
	us-gaap	Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease	-48944000	USD
	us-gaap	Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease	17001000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Period Increase Decrease OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	0	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Period Increase Decrease OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	0	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	3332000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	6516000	USD
CY2010Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1213000	USD
CY2011Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	2850000	USD
	us-gaap	Other Income OtherIncome	-1232000	USD
CY2011Q3	us-gaap	Other Income OtherIncome	14482000	USD
	us-gaap	Other Income OtherIncome	-14547000	USD
CY2010Q3	us-gaap	Other Income OtherIncome	1239000	USD
CY2011Q3	us-gaap	Other Liabilities OtherLiabilities	4579000	USD
CY2010Q4	us-gaap	Other Liabilities OtherLiabilities	1000	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities	3665000	USD
CY2011Q3	us-gaap	Other Than Temporary Impairment Losses Investments Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities	3371000	USD
CY2010Q3	us-gaap	Other Than Temporary Impairment Losses Investments Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities	0	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities	0	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities	0	USD
CY2011Q3	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities	0	USD
CY2010Q3	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities	0	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities	0	USD
CY2010Q3	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities	0	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities	0	USD
CY2011Q3	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities	3371000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	63561000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	16930000	USD
	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	6295100000	USD
	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	888466000	USD
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	38896000	USD
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	233764000	USD
CY2010Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2011Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2011Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2010Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2010Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2011Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2011Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2010Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2011Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2010Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	106826000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1006755000	USD
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	78520000	USD
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	208965000	USD
	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	1004248000	USD
	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	247858000	USD
	us-gaap	Proceeds From Sale Of Other Investments ProceedsFromSaleOfOtherInvestments	23179000	USD
	us-gaap	Proceeds From Sale Of Other Investments ProceedsFromSaleOfOtherInvestments	26632000	USD
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	3043458000	USD
	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	19621767000	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	13490957000	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	2512357000	USD
CY2011Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	164276000	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	20144000	USD
CY2010Q3	two	Basic And Diluted Weighted Average Number Of Shares Outstanding BasicAndDilutedWeightedAverageNumberOfSharesOutstanding	26126212	shares
CY2010Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	22548000	USD
CY2010Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	1169803000	USD
CY2011Q3	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	7300613000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	145000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	216000	USD
CY2010Q4	us-gaap	Stockholders Equity StockholdersEquity	382448000	USD
CY2011Q3	us-gaap	Stockholders Equity StockholdersEquity	1307131000	USD
CY2010Q3	us-gaap	Stockholders Equity StockholdersEquity	241353000	USD
CY2009Q4	us-gaap	Stockholders Equity StockholdersEquity	121721000	USD
CY2011Q3	us-gaap	Trading Securities TradingSecurities	1526330000	USD
CY2010Q4	us-gaap	Trading Securities TradingSecurities	199523000	USD
	two	Basic And Diluted Weighted Average Number Of Shares Outstanding BasicAndDilutedWeightedAverageNumberOfSharesOutstanding	84751854	shares
CY2011Q3	two	Gain Loss On Interest Rate Swap And Swaption Agreements GainLossOnInterestRateSwapAndSwaptionAgreements	-39311000	USD
CY2011Q3	two	Basic And Diluted Weighted Average Number Of Shares Outstanding BasicAndDilutedWeightedAverageNumberOfSharesOutstanding	130607566	shares
	two	Basic And Diluted Weighted Average Number Of Shares Outstanding BasicAndDilutedWeightedAverageNumberOfSharesOutstanding	20691461	shares
CY2010Q4	two	Cumulative Distributions To Stockholders CumulativeDistributionsToStockholders	37570000	USD
CY2011Q3	two	Cumulative Distributions To Stockholders CumulativeDistributionsToStockholders	146916000	USD
	two	Gain Loss On Interest Rate Swap And Swaption Agreements GainLossOnInterestRateSwapAndSwaptionAgreements	-10037000	USD
CY2010Q3	two	Gain Loss On Interest Rate Swap And Swaption Agreements GainLossOnInterestRateSwapAndSwaptionAgreements	-4436000	USD
	two	Gain Loss On Interest Rate Swap And Swaption Agreements GainLossOnInterestRateSwapAndSwaptionAgreements	-88180000	USD
	two	Gain On Termination Of Interest Rate Swaps And Swaptions GainOnTerminationOfInterestRateSwapsAndSwaptions	18074000	USD
	two	Gain On Termination Of Interest Rate Swaps And Swaptions GainOnTerminationOfInterestRateSwapsAndSwaptions	2486000	USD
CY2010Q3	two	Net Income Loss Before Income Taxes NetIncomeLossBeforeIncomeTaxes	9634000	USD
	two	Net Income Loss Before Income Taxes NetIncomeLossBeforeIncomeTaxes	17740000	USD
CY2011Q3	two	Net Income Loss Before Income Taxes NetIncomeLossBeforeIncomeTaxes	63997000	USD
	two	Net Income Loss Before Income Taxes NetIncomeLossBeforeIncomeTaxes	81066000	USD
	two	Payments To Acquire Trading Securities PaymentsToAcquireTradingSecurities	58189000	USD
	two	Payments To Acquire Trading Securities PaymentsToAcquireTradingSecurities	2019959000	USD
	two	Proceeds From Sales Of Trading Securities ProceedsFromSalesOfTradingSecurities	58516000	USD
	two	Proceeds From Sales Of Trading Securities ProceedsFromSalesOfTradingSecurities	700156000	USD
CY2011Q3	two	Retained Earnings RetainedEarnings	106022000	USD
CY2010Q4	two	Retained Earnings RetainedEarnings	30020000	USD
	two	Unrealized Gain On Interest Rate Swaps And Swaptions UnrealizedGainOnInterestRateSwapsAndSwaptions	-5357000	USD
	two	Unrealized Gain On Interest Rate Swaps And Swaptions UnrealizedGainOnInterestRateSwapsAndSwaptions	-51474000	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2011
	dei	Document Period End Date DocumentPeriodEndDate	2011-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001465740
CY2011Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	140593845	shares
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	TWO HARBORS INVESTMENT CORP.

Files In Submission

Name	View Source	Status
0001465740-11-000069-index-headers.html	Edgar Link	pending
0001465740-11-000069-index.html	Edgar Link	pending
0001465740-11-000069.txt	Edgar Link	pending
0001465740-11-000069-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
two-20110930.xml	Edgar Link	completed
two-20110930.xsd	Edgar Link	pending
two-20110930_cal.xml	Edgar Link	unprocessable
two-20110930_def.xml	Edgar Link	unprocessable
two-20110930_lab.xml	Edgar Link	unprocessable
two-20110930_pre.xml	Edgar Link	unprocessable
two9301110qdocument.htm	Edgar Link	pending
twoexh93011311.htm	Edgar Link	pending
twoexh93011312.htm	Edgar Link	pending
twoexh93011321.htm	Edgar Link	pending
twoexh93011322.htm	Edgar Link	pending

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$TWO
TWO HARBORS INVESTMENT CORP. Stock $two

2011 Q3 Form 10-Q Financial Statement

#000146574011000069 Filed on November 04, 2011

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TWO TWO HARBORS INVESTMENT CORP. Stock $two

2011 Q3 Form 10-Q Financial Statement

#000146574011000069 Filed on November 04, 2011

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TWO
TWO HARBORS INVESTMENT CORP. Stock $two