Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Available-for-sale securities, at fair value $ 14,341,102us-gaap_AvailableForSaleSecurities $ 12,256,727us-gaap_AvailableForSaleSecurities
Trading securities, at fair value 1,997,656us-gaap_TradingSecurities 1,000,180us-gaap_TradingSecurities
Mortgage loans held-for-sale, at fair value 535,712us-gaap_LoansAndLeasesReceivableNetReportedAmount 544,581us-gaap_LoansAndLeasesReceivableNetReportedAmount
Mortgage loans held-for-investment in securitization trusts, at fair value 1,744,746us-gaap_LoansAndLeasesReceivableNetReportedAmountOther 792,390us-gaap_LoansAndLeasesReceivableNetReportedAmountOther
Mortgage servicing rights, at fair value 452,006us-gaap_ServicingAssetAtFairValueAmount 514,402us-gaap_ServicingAssetAtFairValueAmount
Cash and cash equivalents 1,005,792us-gaap_CashAndCashEquivalentsAtCarryingValue 1,025,487us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 336,771us-gaap_RestrictedCashAndCashEquivalents 401,647us-gaap_RestrictedCashAndCashEquivalents
Accrued interest receivable 65,529us-gaap_InterestReceivable 50,303us-gaap_InterestReceivable
Due from counterparties 35,625us-gaap_DueFromCorrespondentBrokers 25,087us-gaap_DueFromCorrespondentBrokers
Derivative assets, at fair value 380,791us-gaap_DerivativeFairValueOfDerivativeAsset 549,859us-gaap_DerivativeFairValueOfDerivativeAsset
Other assets 188,579us-gaap_OtherAssets 13,199us-gaap_OtherAssets
Total Assets 21,084,309us-gaap_Assets 17,173,862us-gaap_Assets
Liabilities    
Repurchase agreements 12,932,463us-gaap_SecuritiesSoldUnderAgreementsToRepurchase 12,250,450us-gaap_SecuritiesSoldUnderAgreementsToRepurchase
Collateralized borrowings in securitization trusts, at fair value 1,209,663us-gaap_LongTermDebtFairValue 639,731us-gaap_LongTermDebtFairValue
Federal Home Loan Bank advances 2,500,000us-gaap_AdvancesFromFederalHomeLoanBanks 0us-gaap_AdvancesFromFederalHomeLoanBanks
Derivative liabilities, at fair value 90,233us-gaap_DerivativeFairValueOfDerivativeLiability 22,081us-gaap_DerivativeFairValueOfDerivativeLiability
Accrued interest payable 23,772us-gaap_InterestPayableCurrentAndNoncurrent 20,277us-gaap_InterestPayableCurrentAndNoncurrent
Due to counterparties 124,206us-gaap_DueToCorrespondentBrokers 318,848us-gaap_DueToCorrespondentBrokers
Dividends payable 95,263us-gaap_DividendsPayableCurrentAndNoncurrent 0us-gaap_DividendsPayableCurrentAndNoncurrent
Other liabilities 40,667us-gaap_OtherLiabilities 67,480us-gaap_OtherLiabilities
Total liabilities 17,016,267us-gaap_Liabilities 13,318,867us-gaap_Liabilities
Stockholders' Equity    
Preferred stock, par value $0.01 per share; 50,000,000 shares authorized; no shares issued and outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, par value $0.01 per share; 900,000,000 shares authorized and 366,395,920 and 364,935,168 shares issued and outstanding, respectively 3,664us-gaap_CommonStockValue 3,649us-gaap_CommonStockValue
Additional paid-in capital 3,811,027us-gaap_AdditionalPaidInCapital 3,795,372us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive income 855,789us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 444,735us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Cumulative earnings 1,195,536two_RetainedEarnings 1,028,397two_RetainedEarnings
Cumulative distributions to stockholders (1,797,974)us-gaap_CumulativeDividends (1,417,158)us-gaap_CumulativeDividends
Total stockholders’ equity 4,068,042us-gaap_StockholdersEquity 3,854,995us-gaap_StockholdersEquity
Total Liabilities and Stockholders’ Equity 21,084,309us-gaap_LiabilitiesAndStockholdersEquity 17,173,862us-gaap_LiabilitiesAndStockholdersEquity
Variable Interest Entity, Consolidated, Carrying Amount, Assets 1,754,943us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets 796,896us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities $ 1,219,821us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities $ 644,051us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities