Redwood Trust, Inc. (RWT)

About Redwood Trust, Inc.

Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. It operates through four segments: Sequoia Mortgage Banking, CoreVest Mortgage Banking, Redwood Investments, and Legacy Investments. The Residential Consumer Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale, securitization, or transfer to its investment portfolio. The CoreVest Mortgage Banking segment operates a platform that originates residential investor loans for subsequent securitization, sale, or transfer into the Redwood Investments portfolio or into joint ventures. This segment also includes various derivative financial instruments that we utilize to manage certain risks associated with our inventory of loans held for sale. The Redwood Investments segment primarily targets investments with sensitivity to housing credit risk, sourced through our operating platforms where control the underwriting and collateral review. Going forward, the Redwood Investments portfolio will focus on retained interests from the company's own securitizations and other investment vehicles, rather than third-party securities, consistent with Redwood's strategic shift toward internally originated investments. The Legacy Investments segment consists of assets no longer aligned with our core strategic objectives, including legacy unsecuritized bridge and term loans, residential re-performing loan securities, and other non-core legacy assets that are in the active process of sale, runoff, or other disposition as part of the accelerated strategic repositioning of our business model. Redwood Trust, Inc. was incorporated in 1994 and is headquartered in Mill Valley, California.

Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.

Super investor ownership

7 of the funds we track reported a position in their latest SEC 13F filing. Largest first:

• D. E. Shaw, D. E. Shaw & Co., Inc.$2.48M · 0.0% of book
• Cliff Asness, AQR CAPITAL MANAGEMENT LLC$1.16M · 0.0% of book
• Mario Gabelli, GAMCO INVESTORS, INC. ET AL$924.3K · 0.0% of book
• Ken Griffin, CITADEL ADVISORS LLC$916.4K · 0.0% of book
• Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$813.4K · 0.0% of book

A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.

Politician trades in RWT

Trades in RWT disclosed by members of Congress and executive-branch officials, latest first:

• Daniel Goldman · HouseSell · $1,001 - $15,000 · traded 12 Jul 2023 · disclosed 13 Aug 2023
• Christopher L. Jacobs · HouseBuy · $15,001 - $50,000 · traded 16 Jun 2022 · disclosed 28 Jul 2022

A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.

Common questions