Two Harbors completes acquisition of RoundPoint Mortgage Servicing for $23.6M preliminary price

TWO HARBORS INVESTMENT CORP.

Matrix, a wholly-owned subsidiary, paid $23.6M preliminary purchase price to Freedom Mortgage Corp, consisting of tangible net book value plus $10.5M premium subject to adjustments.
Acquisition adds self-servicing capability; estimated incremental pre-tax earnings of $25-30M in 2024 from additional revenues and cost savings.
RoundPoint retains its servicing licenses; intends to grow third-party subservicing business and gives Two Harbors greater control over its MSR portfolio.

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