Two Harbors: Tepid Book Value Growth, Underwhelming Earnings (Downgrade) (NYSE:TWO)

Shares in Two Harbors Investment Corp. ( TWO ) have delivered solid gains so far in 2026 as the market apparently feels increasingly confident that the merger with UWM Holdings Corporation ( UWMC ) will close successfully. As a reminder, TWO isI ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered c ...