Items Tagged with 'Sequoia securitization'


  • Redwood Trust turns in “disappointing” first quarter

    Net income falls from $27 million to $15 million
    Low interest rates sent Redwood Trust's net income down again in the first quarter of 2015, falling from $27 million in the fourth quarter of 2014 to $15 million in the first quarter. In a letter to shareholders, Redwood’s CEO, Marty Hughes, and president, Brett Nicholas, said they were “disappointed” by the results of the first quarter.
    Read More
  • Redwood Trust plans to increase loan acquisitions by 67% in 2015

    Net income drops $18 million in 4th quarter
    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.
    Read More
  • Redwood Trust readies its first jumbo RMBS of 2015

    $338.8 million offering receives AAA ratings
    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.
    Read More
  • Redwood Trust net income nearly triples

    Reports net income of $45 million in 3rd quarter
    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.
    Read More