BNET Industries
Market Cap:$1.1B
Last Fiscal Year Sales:$572.9M
- Public
- US
Dow Jones Description
Redwood Trust was established in 1994 based on our belief that a specialized financial institution could achieve consistent growth and profitability through investing in high-quality real estate loans in a focused, efficient, and disciplined manner. Our primary business is investing in high-quality residential real estate loans. Redwood owns or credit-enhances over 660,000 high-quality residential real estate loans with a total loan balance of approximately $228 billion. Redwood also invests in a variety of other residential and commercial real estate loans and securities. Everyday, nationwide, banks make thousands of residential real estate loans. They do this to earn fee income. But these banks' internal sources of funds - deposits and borrowings - are not sufficient to supply enough capital for them to keep making new loans. Most banks must sell their loans after origination so they can replenish their capital to make new loans. We acquire jumbo loans (loans with balances greater than $417,000) from banks and mortgage origination companies for our portfolio. We hold these loans in our portfolio, using our shareholders' equity capital - plus funds raised through issuing bonds - to make these investments. We also use our capital to "credit-enhance" or "guarantee" the credit results of jumbo loans that are pooled together by originators and sold to the capital markets via securitization...
Number of Employees 79
Contact Information
One Belvedere Place Ste 300
Mill Valley, California 94941
(415) 389-7373
Peer Companies
NAICS Code : 525930
Recent Events
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Redwood Trust Announces Appointment of Diane L. Merdian as CFO and Election of Jeffrey T....
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Redwood Trust Announces Appointment of Diane L. Merdian as CFO and Election of Jeffrey T....
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Redwood Trust Appoints Diane Merdian As CFO - Quick Facts
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Redwood Trust Declares $0.25 per Share Dividend for the Fourth Quarter of 2009
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Analyst Upgrades for November 12th
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Redwood Trust scores $27 million profit in third quarter
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BANKING: Banking veterans in SBA, lending make moves
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Redwood Trust declares dividend
News & Analysis
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investment and redwood trust inc. - All News and Analysis
Redwood Trust, Inc. Announces New Warehouse Financing Facilities
- 1999-07-28
MILL VALLEY, Calif.--BUSINESS WIRE--July 27, 1999-- Redwood Trust, Inc. (NYSE:RWT) announced today that the Company and its affiliate, RWT Holdings, Inc. ("Holdings"), obtained a $350 million committed warehouse facility from Morgan Stanley Mortgage Capital, Inc. The committed facility was established to provide financing for Holdings' residential and commercial...
Redwood Trust, Inc. Announces Debt Offering
- 1997-07-25
MILL VALLEY, Calif.--BUSINESS WIRE--July 25, 1997--Redwood Trust, Inc. (NASDAQ:RWTI) announced today that its 100% owned qualified REIT subsidiary, Sequoia Mortgage Funding Corporation ("Sequoia"), has priced its first debt issuance through Sequoia Mortgage Trust 1. The debt will be collateralized by mortgage assets which have been transferred from...
Redwood Trust, Inc. Announces the Public Offering of 1,500,000 Shares of Common Stock
- 1997-07-24
MILL VALLEY, Calif.--BUSINESS WIRE--July 24, 1997--Redwood Trust, Inc. (NASDAQ:RWTI) today announced the public offering of 1,500,000 shares of common stock at an offering price of $45.00 per share. Upon the close of this stock offering, the Company's equity base will total approximately $370 million. ...
Redwood Trust, Inc. announces $300,000,000 increase to universal shelf registration
- 1997-04-22
MILL VALLEY, Calif.--BUSINESS WIRE--April 22, 1997--Redwood Trust, Inc. (NASDAQ National Market: RWTI) today announced a filing with the Securities and Exchange Commission of a Universal Shelf Registration on Form S-3. With this registration statement, the Company may offer Common Stock, Preferred Stock, Warrants and Shareholders Rights from...
Redwood Trust Inc. announces the public offering of 1,250,000 shares of common stock
- 1996-11-18
MILL VALLEY, Calif.--BUSINESS WIRE--Nov. 18, 1996--Redwood Trust Inc. (NASDAQ: RWTI) today announced the public offering of 1,250,000 shares of common stock at an offering price of $31.75 per share. Upon the close of this stock offering and committed asset acquisitions, the company's equity base of approximately $200...
Redwood Trust Inc. Files Universal Shelf Registration
- 1996-09-10
MILL VALLEY, Calif.--BUSINESS WIRE--Sept. 10, 1996--Redwood Trust Inc. RWTI today announced a filing with the Securities and Exchange Commission of a Universal Shelf Registration on Form S-3.With this Registration Statement, the company may offer Common Stock, Preferred Stock, Warrants and Shareholder Rights from time to time, subject to specific terms...
Redwood Trust Inc. files for sale of 2.5 million shares
- 1996-03-26
MILL VALLEY, Calif.--BUSINESS WIRE--March 26, 1996--Redwood Trust Inc. RWTI today announced a filing with the Securities and Exchange Commission of a registration statement covering a proposed public offering of 2.5 million shares of common stock.Net proceeds from the sale of the newly issued common shares will be used to acquire...
Redwood Trust, Inc. Declares $0.26 Dividend
- 1995-12-13
MILL VALLEY, Calif.--BUSINESS WIRE--Dec. 13, 1995--The board of directors of Redwood Trust, Inc. RWTI announced a cash dividend for the fourth quarter of 1995 of $0.26 per common share, payable on Jan. 19, 1996 to common shareholders of record on Dec. 29, 1995.Redwood Trust, Inc., a mortgage acquisition company, specializes...
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