Redwood Trust, Inc. reports developments in housing credit finance, mortgage banking production, securitization activity, whole-loan distribution, and REIT dividends. The company operates platforms including Sequoia for jumbo residential mortgage loans, Aspire for non-QM mortgage banking, and CoreVest, alongside investment portfolios focused on residential credit assets.
Company news commonly covers quarterly results, Earnings Available for Distribution, common and preferred stock dividend declarations, dividend tax reporting, private-label securitizations through SEMT and SPIRE, seller and institutional-investor relationships, and product expansion such as medical professional loan programs. Updates also address capital markets distribution, risk transfer, portfolio valuation effects, and the wind-down or repositioning of legacy investments.
Redwood Trust (NYSE: RWT) is scheduled to release its third-quarter 2026 financial results after market close on November 3, 2026. Senior management plans to discuss the results that afternoon at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time.
During the third quarter, Redwood distributed more than $8 billion of mortgage loans through securitizations and whole loan sales. It ended September with approximately $190 million of cash and cash equivalents. The company intends to continue pursuing opportunistic debt repurchases under its existing authorization. The call will also cover its priorities and outlook.
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Redwood Trust (RWT) has priced an upsized $185.0 million offering of 7.00% convertible senior notes due 2030 in a Rule 144A private placement to qualified institutional buyers.
The deal was increased from $150.0 million, and initial purchasers have a 13‑day option to buy up to an additional $20.0 million of notes. The senior unsecured notes are expected to close on September 15, 2036, pay interest semi‑annually at 7.00%, and mature on September 15, 2030, unless earlier repurchased, redeemed, or converted. The initial conversion rate is 204.0608 shares per $1,000 principal, implying a conversion price of about $4.90 per share, a 35.0% premium to the September 10, 2026 closing price.
Redwood plans to use about $129.29 million of net proceeds to repurchase $123.79 million of its 7.75% convertible notes due 2027, about $20.0 million to repurchase 5,509,641 common shares, and the remainder for general corporate and investment purposes.
Redwood Trust (RWT)/b) declared third quarter 2026 common and preferred stock dividends. The Board set a regular common dividend of , unchanged from the second quarter of 2026, marking Redwood's 109th consecutive quarterly common dividend. The Q3 2026 common dividend is payable on September 30, 2026 to shareholders of record on September 23, 2026. For its 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, the Board declared a Q3 2026 dividend of $0.625 per share, payable on October 15, 2026 to shareholders of record on October 1, 2026.
Redwood Trust (RWT) plans a private offering of $150 million aggregate principal amount of convertible senior notes due 2030, with an option for initial purchasers to buy up to an additional $22.5 million of notes, subject to market conditions.
The notes will be senior unsecured obligations sold to qualified institutional buyers under Rule 144A. The interest rate and offering price will be set through negotiations with initial purchasers. Redwood intends to use part of the net proceeds to repurchase a portion of its 2027 notes and up to $20 million to repurchase common stock concurrently with pricing, with the remainder for general corporate purposes, including funding its mortgage platforms, investment portfolio assets, and potential strategic acquisitions. The notes and any conversion shares will not be registered under U.S. securities laws.
Redwood Trust (NYSE:RWT) reported second quarter 2026 GAAP net loss of $(2.9) million, or $(0.03) per share, with non-GAAP Earnings Available for Distribution of $20.3 million, or $0.15 per share, and Core Segments EAD of $34.0 million, or $0.25 per share. GAAP book value per share was $6.90, down from $7.12 at March 31, 2026, resulting in an economic return on book value of (0.6)%.
Total Mortgage Banking production exceeded $8 billion for a second consecutive quarter, nearly double the prior-year period, while GAAP net income from mortgage banking platforms rose to $40.1 million, up 9% from Q1 2026, generating a 33% annualized ROC. Sequoia locked $5.6 billion of loans and distributed $6.5 billion, Aspire locked a record $2.1 billion with gain-on-sale margins of 101 bps, and CoreVest funded $410 million of loans.
Redwood Investments posted segment net income of $0.7 million, Legacy Investments recorded a $(23.3) million loss, and the company maintained liquidity with $192 million in unrestricted cash, $4.5 billion of recourse debt, recourse leverage of 5.0x, and $3.7 billion of excess warehouse capacity. A quarterly dividend of $0.18 per common share was declared and paid.
Redwood Trust (NYSE: RWT) will release its second quarter 2026 financial results on Tuesday, July 28, 2026, before the NYSE opens. That morning, senior management will host a webcast and conference call at 8:00 a.m. Eastern / 5:00 a.m. Pacific to discuss the results.
Investors can access the live listen-only webcast and subsequent replay via Redwood Trust’s Investor Relations website, or join the call by phone using domestic and international dial-in numbers and a replay passcode within the specified replay period.
Redwood Trust (NYSE:RWT) reported ongoing momentum in its Aspire mortgage banking business and a preliminary Q2 2026 update. Aspire generated over $2.1 billion in non-QM lock volume, up 32% sequentially, within more than $8 billion aggregate volumes. Aspire expanded to 140 loan sellers, completed two SPIRE securitizations, and launched AI-powered pricing and guideline engines. A fully negotiated Aspire joint venture with an institutional partner is expected to begin receiving loans in Q3. For Q2, GAAP book value is estimated down 1–3%, with economic return on book value between (1.0)% and 1.0%, including a $0.18 dividend, and excess available asset funding capacity of $3.5 billion.
Midera Food Processing (NASD:MFP) and Centrus Energy (NYSE:LEU) are set to join the S&P SmallCap 600. MFP will replace Redwood Trust on July 8, 2026, following its spin-off from Middleby. Centrus Energy will replace Whitestone REIT on July 14, 2026, linked to Whitestone’s acquisition by Ares Management.
Redwood Trust (NYSE:RWT) declared second quarter 2026 dividends on its common and Series A preferred stock.
The Board set a regular common dividend of $0.18 per share, unchanged from Q1 2026, marking the 108th consecutive quarterly common dividend. The common dividend is payable June 30, 2026 to holders of record on June 23, 2026. The Series A 10.00% preferred dividend was set at $0.625 per share, payable July 15, 2026 to holders of record on July 1, 2026.