Items Tagged with 'Redwood Trust'

ARTICLES

  • Redwood Trust inks deal with 5 Arches to grow single-family rental loan business

    Buying minority interest in investor-focused originator
    Redwood Trust, a real estate investment trust that specializes in buying and securitizing jumbo mortgages, is set to expand into investor-focused loans thanks to a new deal with 5 Arches. Under the deal, Redwood Trust is buying 20% of 5 Arches, an originator and asset manager of investor-focused loans, including loans for single-family rental homes, multifamily bridge, and fix-and-flip residential real estate.
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  • Redwood Trust CEO: We're ready for Trump to bring private capital back to mortgages

    Tells investors that REIT will be "aggressive" when time comes
    During an interview with CNBC on Thursday, Steven Mnuchin, the newly minted Secretary of the Department of the Treasury, reiterated the Trump administration’s pledge to pursue reform of Fannie Mae and Freddie Mac. And if that happens, Marty Hughes, the CEO of Redwood Trust, says that the real estate investment trust will be ready and willing to step further into the market.
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  • Regulators deny JPMorgan Chase, Redwood Trust securitization innovation

    Private market risk-sharing effort rejected by OCC
    Last year saw a bit of innovation in the private-label securitization market, as JPMorgan Chase launched a new securitization option where some of the risk on non-agency mortgages is transferred to the private market through a risk-sharing deal. But, the Office of the Comptroller of the Currency rejected the innovative securitization structure. What does it mean going forward?
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  • From HW Magazine

    The rise and fall of Redwood Trust RMBS

    Is the lack of jumbo mortgage bonds a sign of troubled times ahead?
    Redwood has always been a securitization game-changer — even when getting out of the game. In the years following the housing crash, Redwood always found a way to stay on the forefront. As the private-label market for securitization produced little in securitization volume, Redwood continued to issue.
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  • Redwood plans new RMBS in coming months

    Posts drop in 1Q net income
    Redwood Trust reported a drop in its first quarter 2016 earnings, shedding light on the troubles in the market and what it will do to overcome them. One area it's eyeing — that the rest of the market is hesitant on — is its Sequoia securitization program.
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  • Redwood Trust President Brett Nicholas stepping down

    Will be replaced by REIT's current chief financial officer
    Just over a month after Redwood Trust announced several shifts in its future business plans, including discontinuing the acquisition and aggregation of conforming loans for sale to Fannie Mae and Freddie Mac, the real estate investment trust is about to experience another shift, this time in its senior management.
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  • Redwood Trust shifts away from Fannie, Freddie conforming loans

    Ending purchases of GSE loans; also ceases commercial loan originations for CMBS
    Seeking to rid itself of two business segments that are dragging on the REIT’s bottom line, Redwood Trust announced recently that it will be discontinuing the acquisition and aggregation of conforming loans for sale to Fannie Mae and Freddie Mac, and will also discontinue commercial loan originations for distribution in commercial mortgage-backed securities.
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  • 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.
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  • 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.
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