| Name | State of Organization | Percent Ownership | ||||||
| Agate Bay Residential Mortgage Securities LLC | Delaware | 100% | ||||||
| Area RE Partners Columbus LLC | Delaware | 20% | ||||||
| Capitol Acquisition Corp. | Delaware | 100% | ||||||
| CYS/Area LP | Delaware | 99% | ||||||
| CYS Condo GP LLC | Delaware | 100% | ||||||
| CYS Investments LLC | Maryland | 100% | ||||||
| Eiger Holdings Company LLC | Delaware | 100% | ||||||
| Eiger Partnership LLC | Delaware | 100% | ||||||
| Matrix Financial Services Corporation | Arizona | 100% | ||||||
| North Shore Assets LLC | Delaware | 100% | ||||||
| North Shore Mortgage Opportunity LLC | Delaware | 100% | ||||||
| TH Asset Holdings LLC | Delaware | 100% | ||||||
| TH Asset Investment Corp. | Delaware | 100% | ||||||
| TH MSR Issuer Trust | Delaware | 100% | ||||||
| TH Servicing Advance Receivables I, LLC | Delaware | 100% | ||||||
| TH Servicing Advance Receivables Issuer Trust I | Delaware | 100% | ||||||
| TH TRS Corp. | Delaware | 100% | ||||||
| Two Harbors Asset I, LLC | Delaware | 100% | ||||||
| Two Harbors Asset II, LLC | Delaware | 100% | ||||||
| Two Harbors Operating Company LLC | Delaware | 100% | ||||||