Welcome to our dedicated page for Redwood Trust news (Ticker: RWT), a resource for investors and traders seeking the latest updates and insights on Redwood Trust stock.
Redwood Trust, Inc. (NYSE: RWT) generates a steady flow of news as a specialty finance company and real estate investment trust focused on U.S. housing credit. This page aggregates press releases, earnings announcements and regulatory disclosures related to Redwood’s operations across its Sequoia, Aspire and CoreVest mortgage banking platforms and its Redwood Investments portfolio.
Readers can follow updates on Redwood’s loan production, securitization and whole-loan distribution activities, as well as developments in its transition from Legacy Investments toward its core operating model. The company regularly reports segment results, non-GAAP performance measures such as Earnings Available for Distribution and Core Segments EAD, and commentary on mortgage banking returns and capital allocation.
News coverage also includes information on capital markets transactions, such as offerings of senior notes and convertible senior notes, amendments to at-the-market equity programs, and expansions of strategic capital partnerships and secured financing facilities. Redwood’s announcements about joint ventures, including its partnership with Canada Pension Plan Investment Board, provide additional context on how it funds and scales its platforms.
Dividend declarations on common stock and Series A preferred stock, changes to share repurchase authorizations, and other board actions are disclosed through press releases and Form 8-K filings. Investors and analysts can use this news feed to track Redwood’s financial reporting dates, conference calls, shareholder letters and supplemental financial tables. For anyone monitoring RWT, this page offers a centralized view of the company’s operating performance, capital structure decisions and housing credit activities over time.
Redwood Trust (NYSE: RWT) announced key updates for the second quarter ending June 30, 2021. The company originated $527 million in business purpose loans, with a mix of 60% single-family rental and 40% bridge loans. They locked $3.9 billion in residential loans and completed four non-agency securitizations totaling $1.5 billion in jumbo loans. Book value is estimated to have increased by 6% since March 31, 2021. The company will release its financial results on July 28, 2021.
Redwood Trust (NYSE: RWT), a leader in housing finance, will host a fireside chat on June 29, 2021, at 8:00 AM PT. CEO Chris Abate and senior management will discuss key topics like macro trends in the non-agency market, homeownership trends, and lending demand. The live webcast will be accessible via Redwood Trust's Investor Relations website, with an archive available for 90 days. The company focuses on providing liquidity in sectors not supported by government programs and aims to deliver stable returns through innovative housing credit investments.
Redwood Trust, Inc. (NYSE: RWT) announced a 13% increase in its quarterly dividend, raising it to $0.18 per share for Q2 2021, up from $0.16 in Q1 2021. This marks the company's 88th consecutive quarterly dividend, demonstrating its ongoing commitment to shareholder returns. The dividend will be payable on June 30, 2021, to stockholders of record as of June 23, 2021. CEO Christopher J. Abate emphasized the strength of the company’s earnings power and strategic capital deployment amidst favorable market conditions.
Redwood Trust (NYSE: RWT) has announced the appointment of Brooke Carillo as its new Chief Financial Officer, effective May 2021. Carillo joins from Annaly Capital Management, where she held various strategic roles. CEO Chris Abate expressed confidence in her ability to enhance the leadership team. Current CFO Collin Cochrane will transition to Chief Accounting Officer, maintaining his role in financial initiatives. The company emphasizes its focus on expanding access to housing and strengthening its market position.
Redwood Trust, Inc. (NYSE:RWT) reported strong financial results for Q1 2021, posting a GAAP net income of $97 million or $0.72 per diluted share. The company achieved a GAAP book value of $10.76 per share, showing growth from previous quarters. A record $4.6 billion in jumbo residential loans was locked, up 22% quarter-over-quarter. The company declared a quarterly dividend of $0.16 per share and saw an economic return on book value of 10%.
Redwood Trust (NYSE: RWT) has launched the Redwood Employee Home Access Program, a mortgage insurance reimbursement initiative aimed at supporting employees in attaining homeownership. CEO Chris Abate advocates for corporate peers to adopt similar benefits, highlighting the program's potential in enhancing employee retention and attracting a diverse workforce. Research indicates that 8 in 10 Americans consider housing affordability a significant issue, with many unable to afford a median-priced home. This innovative benefit addresses these challenges, promoting financial health and community stability.
Redwood Trust (NYSE: RWT) announced a minority preferred equity investment in Churchill Finance, a real estate finance company, enhancing its asset sourcing channels. This investment aims to provide growth capital to Churchill and diversify CoreVest's loan pipeline, which is vital for residential investors. By partnering with Churchill, Redwood intends to penetrate the $90 billion business purpose lending market. The collaboration is expected to improve access to institutional capital and support strategic growth initiatives.
Liquid Mortgage has announced a strategic partnership and capital raise from Redwood Trust (NYSE: RWT), marking a significant step in developing blockchain technology for the mortgage industry. The partnership aims to enhance loan data reporting and delivery, utilizing nearly $300 million of loans on a test platform. With funds from this capital raise, Liquid Mortgage plans to expand its technology and team, promoting a more efficient mortgage ecosystem. Both companies are focused on actionable blockchain applications to improve industry transparency and efficiency.
Redwood Trust (NYSE: RWT) announced on April 19, 2021, its investment in Liquid Mortgage, a startup leveraging blockchain technology to enhance mortgage processes. This marks Redwood's third investment under the RWT Horizons venture strategy. The partnership aims to digitize and improve efficiencies in the non-agency mortgage sector, focusing on post-close purchase activities and loan remittance data. By reducing costs and increasing transparency, the collaboration seeks to benefit borrowers and enhance market liquidity.
Redwood Trust (NYSE: RWT) provided a business update for Q1 2021, reporting locked residential loans totaling $4.6 billion from over 110 sellers, with a mix of 95% Select loans and 5% Choice loans. The company originated $384 million in business purpose loans, primarily focusing on single-family rental and bridge loans. Significant advancements include the initiation of its RWT Horizons venture strategy and the onboarding of approximately 40 Sequoia securitizations onto its dv01 platform. Redwood estimates a 5% increase in the fair value of its securities portfolio during the quarter. Financial results will be released on April 28, 2021.
FAQ
What is the current stock price of Redwood Trust (RWT)?
What is the market cap of Redwood Trust (RWT)?
