In what is likely its final report as a publicly traded company, Two Harbors Investment will be going out on a profitable note, with GAAP net income of $49.4 million and comprehensive net income of $47.9 million in the second quarter. In the first quarter, Two Harbors was profitable on a GAAP basis , at $19.5 million. A year ago, Two Harbors reported a GAAP net loss of $272.3 million and a comprehensive loss of $221.8 million. Net servicing income was $125.9 million for the second quarter, down from approximately $156 million one year ago. But this still didn't fully offset the reduction in mortgage servicing rights from $158.9 billion at the end of the first quarter.