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EXHIBIT 21.1
TWO HARBORS INVESTMENT CORP.
Subsidiaries of Registrant
The following entities comprise the direct or indirect wholly owned subsidiaries of Two Harbors Investment Corp. as of the date of this filing:
| Name | State of Organization | % of Securities Owned |
| Agate Bay Residential Mortgage Securities LLC | Delaware | 100% |
| Capitol Acquisition Corp. | 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 Commercial Holdings LLC | Delaware | 100% |
| TH Commercial Investment Corp. | Delaware | 100% |
| TH Commercial JPM LLC | Delaware | 100% |
| TH Commercial Mortgage LLC | Delaware | 100% |
| TH Commercial MS I, LLC | Delaware | 100% |
| TH Commercial MS II, LLC | Delaware | 100% |
| TH Commercial UBS LLC | Delaware | 100% |
| TH Insurance Holdings Company LLC | Missouri | 100% |
| TH TRS Corp. | Delaware | 100% |
| THCM Asset Holdings LLC | Delaware | 100% |
| Two Harbors Asset I, LLC | Delaware | 100% |
| Two Harbors Asset II, LLC | Delaware | 100% |
| Two Harbors Operating Company LLC | Delaware | 100% |