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) has expanded its residential mortgage offerings through Redwood Residential, targeting self-employed borrowers with new loan products that meet the CFPB's Qualified Mortgage definition. These products support homeowners facing challenges in accessing homeownership due to rising interest rates. Redwood aims to provide quality housing access while promoting liquidity in the mortgage market. The company has issued approximately $60 billion in securitizations since 1997, demonstrating its ongoing commitment to innovative housing finance solutions.
Ryan McBride has transitioned to the role of Chief Investment Officer at RWT Horizons, effective immediately. Previously, he served as COO after Redwood Trust's acquisition of CoreVest Finance in October 2019. McBride has held dual roles since March 2021. Under his leadership, RWT Horizons has invested in 21 early stage fintech and proptech companies, aligning with Redwood's strategy. This move is aimed at enhancing the company's investment and operational strategies in housing finance innovation.
Redwood Trust, Inc. (NYSE: RWT) declared a first quarter 2022 regular common stock dividend of $0.23 per share, marking its 91st consecutive quarterly dividend. This dividend is payable on March 31, 2022, to stockholders of record as of March 24, 2022. Redwood Trust operates in various housing credit sectors, providing liquidity to underserved market segments, aiming for attractive returns through earnings, dividends, and capital appreciation, while emphasizing technological innovation.
Redwood Trust reported a GAAP net income of $44 million, or $0.34 per diluted share, for Q4 2021, marking a 0.5% increase in GAAP book value to $12.06 per share. The company saw a 29.6% economic return on book value for the full year and declared a quarterly dividend of $0.23, a 9.5% increase from Q3 2021. Funded business purpose loans reached $733 million, a 15% quarterly increase. The residential mortgage banking segment also grew, with $2.8 billion in jumbo loans locked in Q4.
Redwood Trust (NYSE: RWT) announced tax information for its 2021 dividend distributions. Shareholders received quarterly dividends totaling $0.78 per share, distributed in amounts of $0.16, $0.18, $0.21, and $0.23 for each quarter. For tax purposes, 74% of these dividends are classified as ordinary income, and 26% as qualified dividends. Shareholders must report these amounts on their 2021 federal tax returns. Redwood projects no portion of the dividend distributions will be classified as return of capital or long-term capital gains.
Redwood Trust, Inc. (NYSE: RWT) will release its fourth quarter 2021 results on February 9, 2022, after market close. A conference call to discuss the results will follow at 2:00 PM PT / 5:00 PM ET. Investors can access the call via a live webcast on the company's Investor Relations website. A replay of the call will also be available until February 23, 2022. Redwood Trust focuses on providing liquidity in the housing finance market and aims to deliver attractive returns through earnings, dividends, and capital appreciation.
Redwood Trust (NYSE: RWT) announced a 9.5% increase in its quarterly dividend, raising it from $0.21 to $0.23 per share for Q4 2021. This marks the company's 90th consecutive quarterly dividend. The new dividend will be payable on December 28, 2021, to shareholders of record by December 17, 2021. CEO Christopher J. Abate expressed satisfaction in closing the year with a dividend increase, emphasizing the company's commitment to delivering sustainable value.
Redwood Trust, Inc. (NYSE: RWT) will participate in the Jefferies Real Estate Finance & Technology Conference on November 16, 2021. Senior management members, including President Dash Robinson and COO Ryan McBride, will engage in a panel titled 'The Evolving Landscape of Mortgage Technology' at 6:00 am PT/9:00 am ET. A live webcast will be available on the Investor Relations website, with an archive accessible for 30 days post-event. Redwood Trust focuses on providing housing credit investments through innovative platforms.
Redwood Trust (RWT) reported strong financial results for Q3 2021, with a GAAP net income of $88 million, or $0.65 per diluted share, and a book value per share of $12.00, up 4.7% from Q2 2021. The economic return on book value was 6.5% for the quarter and 26.6% year-to-date. The company locked in a record $4.7 billion of jumbo residential loans and funded $639 million in business purpose loans, marking a 21% increase from Q2. A quarterly dividend of $0.21 was declared.
Redwood Trust, Inc. (NYSE: RWT) has announced a strategic investment in Canopy Financial Technology Partners, a firm specializing in mortgage lending technology. This investment is facilitated through RWT Horizons, Redwood's venture arm, aiming to enhance efficiency in the $11 trillion mortgage industry. Canopy's focus on identity validation and data solutions is expected to improve loan processing times. Both companies emphasize cultural alignment and a commitment to diversity, inclusion, and employee development.
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