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Items Tagged with 'Redwood Trust'

ARTICLES

Redwood Trust: 4 optimistic opportunities ahead for mortgage REITs

Experts weigh in on mREITS at Goldman Sachs Housing Finance Conference
Brena Swanson
While the overall consensus leaned toward a less-than-thriller year for mortgage real estate investment trusts, one expert at the Goldman Sachs Housing Finance Conference was optimistic about the future of mREITs.
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Redwood Trust plans to increase loan acquisitions by 67% in 2015

Net income drops $18 million in 4th quarter
Ben Lane
Despite a "challenging" 2014, Redwood Trust plans to greatly increase its loan acquisition activity in 2015. In a letter to shareholders, Redwood CEO Marty Hughes and President Brett Nichols, said that the REIT plans to acquire $15 billion in loans in 2015, an increase of 67% over 2014.
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Redwood Trust readies its first jumbo RMBS of 2015

$338.8 million offering receives AAA ratings
Ben Lane
After a year when the once-prolific Redwood Trust issued only four prime jumbo residential mortgage-backed securitizations, the real estate investment trust is getting out of the gate early and in fine form in 2015 with its first offering of the year.
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Redwood Trust enters into risk-sharing agreement with Fannie Mae

REIT hopes this is the “first of many such transactions”
Ben Lane
Under the agreement, Redwood will absorb the first 1% of credit losses on $1.1 billion of new conforming loans it plans to sell to Fannie in the fourth quarter.
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Redwood Trust net income nearly triples

Reports net income of $45 million in 3rd quarter
Ben Lane
The company’s mortgage banking activities created net income of $18 million in the third quarter, compared to only $6 million in the second quarter. The company also saw an $8 million increase on its net income generated by mortgage servicing rights.
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Redwood Trust to issue third jumbo RMBS of 2014

Once-prolific issuer brings $330 million offering to market
Ben Lane
Things have slowed down considerably in 2014, with Redwood only issuing one jumbo RMBS through its Sequoia platform in the first six months of the year. Redwood issued its second jumbo RMBS in July and now it's prepping its third such offering.
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Redwood Trust champions non-QM securitizations

"Satisfied with the execution and investor reception"
Brena Swanson
Positive news for lenders since most lenders are opting to keep non-QM loans on their books, hoping that the demand from investors will come. Well, it has come.
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Redwood Trust misses earnings estimates

Posts $16M 2Q net income
Brena Swanson
The real estate investment trust failed to meet earnings expectations, reporting a second-quarter net income of $16 million, of $0.18 per share.
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Wells Fargo: Chicago home loan bank seeks Ginnie Mae alliance

Redwood Trust also plans joint venture
Jacob Gaffney
"Details are not known yet; however, based on news reports, this program could result in additional GNMA residential mortgage backed securities supply," said a research report from Wells Fargo.
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Redwood Trust brings second jumbo RMBS to market

Are the floodgates about to open?
Ben Lane
Kroll Bond Ratings Agency has issued its presale ratings for SEMT 2014-2 and has awarded AAA ratings to the vast majority of the $306 million deal.
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