Headquartered in Mill Valley, CA Fiscal year ends December NYSE: RWT redwoodtrust.com
Redwood Trust, Inc. (NYSE: RWT) is an internally managed specialty finance company focused on U.S. housing credit, particularly non-Agency segments not well served by government programs. It operates three mortgage banking platforms:
- Sequoia: a correspondent jumbo and expanded-product residential platform, including ARMs, medical professional loans, Agency non-owner-occupied loans, closed-end seconds and HELOCs.
- Aspire: a correspondent non-QM platform with a network of more than 165 sellers.
- CoreVest: business-purpose bridge and term loans to housing investors.
Redwood buys or originates loans and distributes them through its SEMT, SPIRE and CAFL securitization programs, whole-loan sales to banks and joint ventures with institutional partners such as Castlelake. The Redwood Investments segment holds retained securities, servicing investments and RWT Horizons, its technology and AI venture and innovation platform. A Legacy Investments segment, being wound down, holds older bridge, multifamily and home equity investment assets. The company has relationships with about 70% of the top 100 U.S. banks. It has announced plans to convert from a REIT to a taxable C-corporation beginning in the 2027 tax year, reset its quarterly dividend to $0.02 and conduct a preferred stock exchange offer. Updated
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Redwood Trust, Inc. (NYSE: RWT) is an internally managed specialty finance company focused on U.S. housing credit, particularly non-Agency segments not well served by government programs.
The Wall Street consensus 12-month price target for RWT is $4.78.
