Exhibit
23.2
Consent
of Independent Registered Public Accounting Firm
We
consent to the reference to our firm under the caption “Experts” in this
Registration Statement (Form S-3) and related Prospectus of Two Harbors
Investment Corp. for the registration of its common stock and to the
incorporation by reference therein of our reports dated March 4, 2010, with
respect to the consolidated financial statements of Two Harbors Investment
Corp., and the effectiveness of internal control over financial reporting of Two
Harbors Investment Corp., included in its Annual Report (Form 10-K) for the year
ended December 31, 2009, filed with the Securities and Exchange
Commission.
/s/ Ernst
& Young LLP
Minneapolis,
MN
December
22, 2010