Redwood Trust Highlights Continued Aspire Momentum and AI-Powered Technology; Provides Preliminary Second Quarter Business Update
Redwood Trust reported aggregate mortgage lock volumes exceeding $8 billion in Q2, driven by a record $2.1 billion in Aspire non-QM production, which grew 32% sequentially. The company estimates a modest 1-3% decline in GAAP book value for the quarter, with economic return on book value ranging between (1.0)% and 1.0%, inclusive of the $0.18 dividend.
Key figures
- Eps
- 0
- Eps Beat
- 0
- Revenue
- 0
- Guidance
- GAAP book value decline of 1-3% QoQ; Economic return on book value between (1.0)% and 1.0%; Q2 dividend $0.18/share
- Revenue Yoy
- 0
- Deal Value Usd
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Excess liquidity
- $3.5 billion
- Aspire lock volume
- $2.1 billion
- Aspire volume growth
- 32% sequentially
- Aggregate lock volume
- $8 billion
- Correspondent sellers
- 140
AI analysis
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