Redwood Trust, Inc. - RWT STOCK NEWS

Redwood Trust (NYSE: RWT), a leader in housing finance, announced participation in Morgan Stanley's State of the Housing Market webcast on March 17, 2021, at 10:00 a.m. Pacific. CEO Chris Abate and senior management will discuss crucial topics such as the housing market's state, trends in homeownership and single-family rental, as well as lending demand. A live webcast link will be available on Redwood Trust's Investor Relations website, with an archive accessible for 90 days post-presentation.

Redwood Trust, Inc. (NYSE: RWT), a leader in housing finance, will participate in the 22nd Annual Credit Suisse Virtual Financial Services Forum on February 25, 2021. CEO Chris Abate will host a fireside chat at 1:20 PM PT / 4:20 PM ET. Interested investors can access the live webcast via the Investor Relations website, with an archived version available for 90 days post-event. Redwood Trust aims to provide housing credit solutions not addressed by government programs and has been publicly traded since 1994.

Redwood Trust reported its Q4 2020 earnings, posting a GAAP net income of $54 million or $0.42 per diluted share. The GAAP book value per share increased to $9.91, while the economic return on book value stood at 7%. The company achieved a record $3.8 billion in jumbo loan locks, an 81% increase from Q3 2020. Additionally, it maintained a quarterly dividend of $0.14 per share. Business purpose loans also rose by 71% to $448 million.

Redwood Trust (NYSE: RWT) announced tax information regarding its 2020 dividend distributions. Shareholders received several quarterly dividends totaling $0.725 per share, specifically $0.32, $0.125, $0.14, and $0.14 per share. For tax purposes, these dividends are characterized as 100% return of capital, thus not taxable unless exceeding the shareholder's tax basis. Shareholders are advised to consult their tax advisors for guidance on reporting these distributions, particularly regarding federal income tax implications.

Redwood Trust (NYSE: RWT) announced a significant business update for Q4 2020, highlighting a record $3.8 billion in residential loan locks, an 81% increase from Q3 2020. They originated $446 million in business purpose loans, a 71% rise. The company executed four securitizations and noted a 3% estimated increase in its securities investment portfolio. Redwood Trust will release its Q4 2020 results on February 10, 2021.

Redwood Trust, Inc. (NYSE: RWT), a leader in housing credit investing, announced participation in the 23rd Annual ICR Conference on January 12, 2021. Key executives including Chris Abate, Dash Robinson, and Fred Matera will engage in a fireside chat at 7:30 am PT and a panel titled 'No Place Like Home' at 9:30 am PT, focusing on housing supply chain dynamics. Webcast links will be accessible via Redwood Trust's Investor Relations website. The company aims to deliver customized housing credit investments and enhance shareholder returns.

Redwood Trust, Inc. (NYSE: RWT) declared a fourth-quarter dividend of $0.14 per share, marking its 86th consecutive quarterly dividend. The dividend will be payable on December 29, 2020, to stockholders of record on December 17, 2020. CEO Christopher J. Abate emphasized the company's commitment to delivering shareholder value through attractive dividends while strategically deploying capital. Redwood Trust operates in specialized housing credit markets, aiming to provide returns through dividends, capital appreciation, and innovation.

Redwood Trust (NYSE:RWT) reported strong financial results for Q3 2020, with a GAAP net income of $142 million, or $1.02 per share, marking a significant increase from $34 million in Q3 2019. The GAAP book value per share rose to $9.41. The company achieved a 17% economic return on book value and increased its cash dividend by 12% to $0.14 per share. In residential lending, Redwood locked over $2.1 billion in jumbo loans. Overall, the company’s fair value securities portfolio increased by 10%.

Redwood Trust (NYSE: RWT) announced a positive business update for Q3 2020, highlighting a significant increase in locked loans and a robust performance in its lending segments. The company locked over $2 billion in Select jumbo residential loans, a 40% increase from Q3 2019. Additionally, it plans to complete a Sequoia securitization in Q4, primarily backed by newly-originated Select loans. Notably, the fair value of its securities investment portfolio is estimated to have increased by 10%. The Q3 financial results will be available on October 29, 2020.