Redwood Trust Reports Second Quarter Financial Results; Mortgage Banking Production Exceeds $8 Billion for Second Consecutive Quarter
Redwood Trust reported a Q2 GAAP net loss of $(0.03) per share, compared to net income available to common stockholders of $(7.3) million in the prior quarter, primarily driven by portfolio valuation variability. Operational performance remained robust with mortgage banking production exceeding $8 billion for the second consecutive quarter, while the company generated a 33% annualized return on capital across its platforms.
Key figures
- Ead
- 0.15
- Roc
- 33%
- Core segments ead
- 0.25
- Book value per share
- 6.9
- Mortgage banking production
- 8000000000
AI analysis
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