Name | Value |
---|---|
Revenues | 43.0M |
Cost of Revenue | 10.3M |
Gross Profit | 32.7M |
Operating Expense | 32.0M |
Operating I/L | 155.0M |
Other Income/Expense | -152.1M |
Interest Income | 179.0M |
Pretax | 3.0M |
Income Tax Expense | -1.0M |
Net Income/Loss | 4.6M |
Redwood Trust, Inc. is a specialty finance company operating in the United States. The company's revenue is generated through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment acquires residential loans for sale, securitization, or transfer to its investment portfolio. The Business Purpose Mortgage Banking segment originates business purpose loans for securitization or sale. The Investment Portfolio segment invests in various securities and loans, including residential mortgage-backed securities and multifamily bridge loans. Redwood Trust, Inc. operates as a real estate investment trust (REIT) and aims to distribute at least 90% of its taxable income as dividends to shareholders.