BNET Industries
Market Cap:$1.0B
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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redwood trust inc. and sales - All News and Analysis
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 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. Announces the Public Offering of 875,000 Shares of Class B 9.74% Cumulative Convertible Preferred Stock
- 1996-08-08
MILL VALLEY, Calif.--BUSINESS WIRE--Aug. 8, 1996--Redwood Trust Inc. (NASDAQ:RWTI) today announced the public offering of 875,000 shares of Class B 9.74% Cumulative Convertible Preferred Stock at an offering price of $31 per share.The offering is managed by Montgomery Securities and Stifel, Nicolaus & Company, Incorporated and is scheduled to close...
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