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Redwood Trust Inc. - RWT STOCK NEWS

Welcome to our dedicated news page for Redwood Trust (Ticker: RWT), a resource for investors and traders seeking the latest updates and insights on Redwood Trust.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Redwood Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Redwood Trust's position in the market.

News
Redwood Trust Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Redwood Trust, Inc. reported its financial results for Q3 2023. GAAP book value per common share decreased by 5.3% to $8.77. The company had a net loss of $33 million or $0.29 per diluted common share. Non-GAAP Earnings Available for Distribution was $11 million or $0.09 per basic common share. Redwood locked $1.6 billion of jumbo loans and purchased $815 million of jumbo loans in the quarter. The company achieved gross margins of 80bps. Redwood also funded $411 million of business purpose lending loans and distributed $340 million of these loans through securitization and whole loan sales. The company secured a recourse leverage ratio of 1.0x. Redwood had unrestricted cash and cash equivalents of $204 million. They successfully renewed two loan warehouse financing facilities and maintained $2.2 billion of excess financing capacity. Redwood commenced origination efforts for home equity investment and completed two RWT Horizons investments. They also published their second annual ESG report.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.59%
Tags
earnings
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News
Redwood Trust Announces Date of Third Quarter 2023 Financial Results Webcast and Conference Call
Rhea-AI Summary
Redwood Trust, Inc. (NYSE: RWT) is set to release its Q3 2023 results on October 30, 2023. A conference call will be held to discuss the financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.3%
Tags
earnings
-
News
Redwood Trust Declares Third Quarter 2023 Common and Preferred Dividends
Rhea-AI Summary
Redwood Trust, Inc. declares third quarter 2023 dividends for common and preferred stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
dividends earnings
News
Redwood Trust Announces Launch of Home Equity Investment Platform
Rhea-AI Summary
Redwood Trust, Inc. launches Aspire, its in-house home equity investment origination platform, expanding its reach in the residential housing market. Aspire aims to provide consumers with access to their home equity with no additional monthly payment obligations. Redwood plans to originate HEI through its nationwide correspondent network of loan officers and direct-to-consumer channels. Redwood has been a leading participant in the HEI market, purchasing approximately $350 million in HEI to date and securing a $150 million dedicated HEI financing facility. Aspire focuses on consumers assessing traditional financing options who prefer the no monthly payment feature of HEI, providing them with cash today and the flexibility to refinance in the future. Redwood's HEI products aim to align the interests of homeowners and investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.14%
Tags
none
-
News
Redwood Trust Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Redwood Trust, Inc. (RWT) reported Q2 2023 financial results with a 1.5% decrease in GAAP book value per common share, $1 million net income available to common stockholders, and $16 million non-GAAP Earnings Available for Distribution. Redwood also established new forward flow relationships with depository institutions and a joint venture with Oaktree Capital Management, L.P. They successfully renewed maturing loan warehouse financing facilities and repurchased $31 million of convertible debt due August 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.14%
Tags
earnings
-
News
CoreVest Commercial Mortgage Special Servicer Ranking Confirmed from DBRS Morningstar
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
Tags
none
News
Redwood Trust Announces Date of Second Quarter 2023 Financial Results Webcast and Conference Call
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
Tags
earnings
-
News
Redwood Trust Declares Second Quarter 2023 Common and Preferred Dividends
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
dividends earnings
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News
Redwood Trust and Oaktree Announce Joint Venture to Invest in Business Purpose Bridge Loans
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.46%
Tags
none
News
Redwood Trust Reports First Quarter 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.14%
Tags
earnings
Stock RWT logo
Redwood Trust Inc.

NYSE:RWT

RWT Rankings

#2626 Ranked by Market Cap
#2328 Ranked by Stock Gains
#148 Ranked by Dividends

RWT Stock Data

754.41M
130.16M
1%
77.77%
4.43%
Other Financial Vehicles
Finance and Insurance
Link
US
Mill Valley

About RWT

redwood trust, inc. (nyse: rwt) is a specialty finance company focused on making credit sensitive investments in residential loans and other mortgage-related assets, with the goal of delivering a stable and growing stream of attractive earnings and dividends for our shareholders. we also earn income through our residential mortgage banking activities. redwood trust, inc. was established in 1994, is internally managed, and structured as a real estate investment trust (“reit”) for tax purposes. our employees are a team of disciplined, dedicated and talented professionals who do what it takes to make the company a leader in innovation and reputation. we value everyone's contribution, actively soliciting feedback at all levels within the organization. work gets done in a non-hierarchical, hard-working and fun environment.