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 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
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Redwood Trust Declares $0.25 Per Share Dividend for the Second Quarter of 2009
News & Analysis
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redwood trust inc. - All News and Analysis
A Short Update on My 4 Short Ideas
Seeking Alpha
- 2008-08-14
Greg Weston submits: So far I have written four “Short Ideas” for Seeking Alpha, and my track record has been stellar. My article on Crystal River CRZ was submitted when the stock was around 3.5, and as I write it is now at 2.18, down nearly 40%. In it...
Redwood Trust: Ravaged by Credit Losses
Seeking Alpha
- 2008-08-07
Patrick Harden submits: Redwood Trust's RWT shocking second-quarter results are a painful reminder of a very important mortgage REIT tenet: over time, cumulative GAAP and taxable income should converge, suggesting that GAAP income should increase or taxable income decrease over time relative to the other. Unfortunately for Redwood, it's...
Fitch Downgrades Redwood Trust's Asset Manager Rating to 'CAM2+'
- 2008-06-04
CHICAGO -- Fitch has downgraded Redwood Trust Inc.'s (NYSE:RWT) structured finance collateralized debt obligation CDO asset manager rating to 'CAM2+' from 'CAM1-'. Overall, the downgrade is driven by deterioration of the residential real estate market and the impact it has had on RWT's operating results. In response to market...
Fitch Assigns Redwood Trust, Inc. a 'CAM2' CDO Asset Manager Rating
- 2004-06-29
NEW YORK -- Fitch Ratings assigns Redwood Trust, Inc. Redwood a 'CAM2' structured finance CDO asset manager rating. The rating is based on the company's specialized focus in real estate related investments, the depth and experience of senior management and staff, and the quality of the company's credit underwriting and...
Redwood Trust, Inc. Announces Third Quarter 1999 Preferred Dividends
- 1999-08-09
MILL VALLEY, Calif.--BUSINESS WIRE--Aug. 9, 1999-- In accordance with the terms of Redwood Trust, Inc.'s (NYSE:RWT) Class B Preferred Stock, the Board of Directors declared a third quarter 1999 preferred stock dividend of $0.755 per share. This dividend is payable on October 21, 1999 to preferred shareholders of record...
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...
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