Articles from Redwood Trust, Inc.
Redwood Trust Announces Date of Fourth Quarter 2024 Financial Results Webcast and Conference Call
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its fourth quarter 2024 results on Thursday, February 13, 2025 after the close of the New York Stock Exchange. In addition, Redwood's senior management team plans to hold a conference call to discuss its fourth quarter 2024 financial results later that same day at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time.
By Redwood Trust, Inc. · Via Business Wire · January 30, 2025
Redwood Trust Announces Dividend Distribution Tax Information for 2024
Redwood Trust, Inc. (NYSE: RWT, “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced tax information regarding its dividend distributions for 2024.
By Redwood Trust, Inc. · Via Business Wire · January 29, 2025
Redwood Trust Prices $90.0 Million Senior Notes Offering
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced the pricing of an underwritten public offering of $90,000,000 aggregate principal amount of its 9.125% senior notes due 2030 (the “Notes”). In connection with the offering, Redwood granted the underwriters a 30-day option to purchase up to an additional $13,500,000 aggregate principal amount of Notes, to cover over-allotments. The offering is expected to close on January 17, 2025, subject to the satisfaction of certain closing conditions.
By Redwood Trust, Inc. · Via Business Wire · January 15, 2025
Redwood Trust Announces Key Updates to Residential Consumer Operating Platforms
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is pleased to announce updates to its residential consumer operating platforms that reflect the Company’s continued commitment to innovation and growth in housing finance.
By Redwood Trust, Inc. · Via Business Wire · January 7, 2025
Redwood Trust Announces Common Dividend Increase of 5.9% to $0.18 Per Share for the Fourth Quarter 2024
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared fourth quarter 2024 common and preferred stock dividends.
By Redwood Trust, Inc. · Via Business Wire · December 12, 2024
Redwood Trust Announces New Hires to Drive Advancements in Technology and Growing Non-Agency Opportunities
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is excited to announce the hiring of two key leaders to strengthen its commitment to innovation in technology and product development, strategic initiatives that are central to Redwood’s mission of making quality housing – whether rented or owned – accessible to all American households.
By Redwood Trust, Inc. · Via Business Wire · October 30, 2024
Redwood Trust Reports Third Quarter 2024 Financial Results
Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2024.
By Redwood Trust, Inc. · Via Business Wire · October 30, 2024
Redwood Trust Announces Date of Third Quarter 2024 Financial Results Webcast and Conference Call
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its third quarter 2024 results on Wednesday, October 30, 2024 after the close of the New York Stock Exchange. In addition, Redwood's senior management team plans to hold a conference call to discuss its third quarter 2024 financial results later that same day at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time.
By Redwood Trust, Inc. · Via Business Wire · October 16, 2024
Redwood Trust Prices Reopening of $40 Million of 7.75% Convertible Senior Notes Due 2027
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced that it priced approximately $40 million aggregate principal amount of its 7.75% convertible senior notes due 2027 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be issued as a reopening of, and will be part of the same series as, the 7.75% convertible senior notes due 2027 that the Company originally issued in June 2022 (the “Initial Notes”), of which $207,410,000 aggregate principal amount is currently outstanding. While the Notes will initially trade under a Rule 144A CUSIP number, the Company expects that once de-legended, the Notes will trade with the same CUSIP number as the Initial Notes. The offering is expected to close on October 11, 2024, subject to the satisfaction of certain closing conditions.
By Redwood Trust, Inc. · Via Business Wire · October 9, 2024
Redwood Trust Announces Common Dividend Increase of 6.25% to $0.17 Per Share for the Third Quarter 2024
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared third quarter 2024 common and preferred stock dividends.
By Redwood Trust, Inc. · Via Business Wire · September 11, 2024
Redwood Trust Reports Second Quarter 2024 Financial Results
Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company", "we" or "our"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended June 30, 2024.
By Redwood Trust, Inc. · Via Business Wire · August 1, 2024
Redwood Trust Announces Date of Second Quarter 2024 Financial Results Webcast and Conference Call
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its second quarter 2024 results on August 1, 2024 prior to the opening of the New York Stock Exchange. In addition, Redwood's senior management team plans to hold a conference call to discuss its second quarter 2024 financial results on August 1, 2024 at 5:00 a.m. Pacific Time / 8:00 a.m. Eastern Time.
By Redwood Trust, Inc. · Via Business Wire · July 11, 2024
Redwood Trust Prices $85.0 Million Senior Notes Offering
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced the pricing of an underwritten public offering of $85,000,000 aggregate principal amount of its 9.00% senior notes due 2029 (the “Notes”). In connection with the offering, Redwood granted the underwriters a 30-day option to purchase up to an additional $12,750,000 aggregate principal amount of Notes, to cover over-allotments. The offering is expected to close on June 18, 2024, subject to the satisfaction of certain closing conditions.
By Redwood Trust, Inc. · Via Business Wire · June 13, 2024
Redwood Trust Declares Second Quarter 2024 Common and Preferred Dividends
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared second quarter 2024 common and preferred stock dividends.
By Redwood Trust, Inc. · Via Business Wire · June 11, 2024
Redwood Trust Reports First Quarter 2024 Financial Results
Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company", "we" or "our"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended March 31, 2024.
By Redwood Trust, Inc. · Via Business Wire · April 30, 2024
Redwood Trust Announces Date of First Quarter 2024 Financial Results Webcast and Conference Call
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its first quarter 2024 results on April 30, 2024 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its first quarter 2024 financial results later that same day at 2:00 pm Pacific Time / 5:00 pm Eastern Time.
By Redwood Trust, Inc. · Via Business Wire · April 16, 2024
Redwood Trust and CPP Investments Announce $750 Million Strategic Capital Partnership
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, and Canada Pension Plan Investment Board (“CPP Investments”), through subsidiaries of CPPIB Credit Investments Inc., today announced a $750 million strategic capital partnership.
By Redwood Trust, Inc. · Via Business Wire · March 19, 2024
Redwood Trust Hosts Investor Day and Celebrates 30th Anniversary
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, announced that it will host its Investor Day on Tuesday, March 19, 2024, from 2:00 pm Eastern Time to 5:00 pm Eastern Time. In addition to outlining the Company’s long-term vision and strategic outlook, the event will commemorate Redwood’s 30th anniversary. The agenda will feature members of Redwood’s Board and senior management team as well as an array of guest panelists covering key industry topics including the regulatory environment for banks, the expanded importance of private capital in housing finance, and the role for home equity products in supporting housing accessibility.
By Redwood Trust, Inc. · Via Business Wire · March 12, 2024
Redwood Trust Declares First Quarter 2024 Common and Preferred Dividends
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared first quarter 2024 common and preferred stock dividends.
By Redwood Trust, Inc. · Via Business Wire · March 7, 2024
Redwood Trust Reports Fourth Quarter 2023 Financial Results
Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company", "we" or "our"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended December 31, 2023.
By Redwood Trust, Inc. · Via Business Wire · February 20, 2024
Redwood Trust Announces Date of Fourth Quarter 2023 Financial Results Webcast and Conference Call
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its fourth quarter 2023 results on February 20, 2024 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its fourth quarter 2023 financial results later that same day at 2:00 pm Pacific Time / 5:00 pm Eastern Time.
By Redwood Trust, Inc. · Via Business Wire · February 1, 2024
Redwood Trust Announces Dividend Tax Information for 2023
Redwood Trust, Inc. (NYSE: RWT, “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced tax information regarding its dividend distributions for 2023.
By Redwood Trust, Inc. · Via Business Wire · January 29, 2024
Redwood Trust Prices $60.0 Million Senior Notes Offering
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced the pricing of an underwritten public offering of $60,000,000 aggregate principal amount of its 9.125% senior notes due 2029 (the “Notes”). The offering is expected to close on January 22, 2024, subject to the satisfaction of certain closing conditions.
By Redwood Trust, Inc. · Via Business Wire · January 17, 2024
Redwood Trust Declares Fourth Quarter 2023 Common and Preferred Dividends
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared fourth quarter 2023 common and preferred stock dividends.
By Redwood Trust, Inc. · Via Business Wire · December 7, 2023
Redwood Trust Announces the Appointment of Doneene Damon to its Board of Directors
Redwood Trust, Inc. (NYSE: RWT; “Redwood”, or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that Doneene K. Damon has been appointed to its Board of Directors (the “Board”). Ms. Damon joined the Board effective November 2, 2023.
By Redwood Trust, Inc. · Via Business Wire · November 2, 2023
Redwood Trust Reports Third Quarter 2023 Financial Results
Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2023.
By Redwood Trust, Inc. · Via Business Wire · October 30, 2023
Redwood Trust Announces Date of Third Quarter 2023 Financial Results Webcast and Conference Call
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its third quarter 2023 results on October 30, 2023 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its third quarter 2023 financial results later that same day at 2:00 pm Pacific Time / 5:00 pm Eastern Time.
By Redwood Trust, Inc. · Via Business Wire · October 12, 2023
Redwood Trust Declares Third Quarter 2023 Common and Preferred Dividends
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared third quarter 2023 common and preferred stock dividends.
By Redwood Trust, Inc. · Via Business Wire · September 12, 2023
Redwood Trust Announces Launch of Home Equity Investment Platform
Redwood Trust, Inc. (NYSERWT) (“Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today formally announced the launch of Aspire, its in-house home equity investment (“HEI”) origination platform. HEI provides consumers access to their home equity with no additional monthly payment obligations.
By Redwood Trust, Inc. · Via Business Wire · September 6, 2023
Redwood Trust Reports Second Quarter 2023 Financial Results
Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended June 30, 2023.
By Redwood Trust, Inc. · Via Business Wire · July 27, 2023
Redwood Trust Announces Date of Second Quarter 2023 Financial Results Webcast and Conference Call
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its second quarter 2023 results on July 27, 2023 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its second quarter 2023 financial results later that same day at 2:00 pm Pacific Time / 5:00 pm Eastern Time.
By Redwood Trust, Inc. · Via Business Wire · July 13, 2023
Redwood Trust Declares Second Quarter 2023 Common and Preferred Dividends
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared second quarter 2023 common and preferred stock dividends.
By Redwood Trust, Inc. · Via Business Wire · June 13, 2023
Redwood Trust and Oaktree Announce Joint Venture to Invest in Business Purpose Bridge Loans
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced the formal launch of a joint venture (“JV”) between Redwood and funds managed by Oaktree Capital Management, L.P. (“Oaktree”) to invest in business purpose bridge loans originated by CoreVest American Finance Lender (“CoreVest”), a division of Redwood.
By Redwood Trust, Inc. · Via Business Wire · June 12, 2023
Redwood Trust Reports First Quarter 2023 Financial Results
Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the first quarter ended March 31, 2023.
By Redwood Trust, Inc. · Via Business Wire · April 27, 2023
Redwood Trust Announces Date of First Quarter 2023 Financial Results Webcast and Conference Call
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its first quarter 2023 results on April 27, 2023 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its first quarter 2023 financial results later that same day at 2:00 pm Pacific Time/ 5:00 pm Eastern Time.
By Redwood Trust, Inc. · Via Business Wire · April 13, 2023
Redwood Trust Declares First Quarter 2023 Common and Preferred Dividends
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared first quarter 2023 common and preferred stock dividends.
By Redwood Trust, Inc. · Via Business Wire · March 14, 2023
Redwood Trust Reports Fourth Quarter 2022 Financial Results
Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the fourth quarter ended December 31, 2022.
By Redwood Trust, Inc. · Via Business Wire · February 9, 2023
Redwood Trust Announces Date of Fourth Quarter 2022 Financial Results Webcast and Conference Call
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its fourth quarter 2022 results on February 9, 2023 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its fourth quarter 2022 financial results later that same day at 2:00 pm Pacific Time/ 5:00 pm Eastern Time.
By Redwood Trust, Inc. · Via Business Wire · January 26, 2023
Redwood Trust Announces Dividend Distribution Tax Information for 2022
Redwood Trust, Inc. (NYSE: RWT, “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced tax information regarding its dividend distributions for 2022.
By Redwood Trust, Inc. · Via Business Wire · January 26, 2023
Redwood Trust Announces Pricing of Public Offering of Preferred Stock
Redwood Trust, Inc. (“Redwood”) (NYSERWT) today announced the pricing of an underwritten public offering of 2,600,000 shares of its 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) with a liquidation preference of $25.00 per share, resulting in gross proceeds of $65.0 million. In connection with the offering, Redwood has granted the underwriters a 30-day option to purchase up to an additional 390,000 shares of Series A Preferred Stock, solely to cover over-allotments. Redwood intends to apply to list the Series A Preferred Stock on the New York Stock Exchange under the symbol "RWT PRA." The offering is expected to close on January 18, 2023, subject to the satisfaction of customary closing conditions.
By Redwood Trust, Inc. · Via Business Wire · January 10, 2023
Redwood Trust Announces Dividend of $0.23 Per Share for the Fourth Quarter of 2022
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors authorized the declaration of a fourth quarter 2022 regular common stock dividend of $0.23 per share. This marks the Company's 94th consecutive quarterly dividend. The fourth quarter 2022 dividend is payable on December 28, 2022 to stockholders of record on December 20, 2022.
By Redwood Trust, Inc. · Via Business Wire · December 8, 2022
Redwood Trust Reports Third Quarter 2022 Financial Results
Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2022.
By Redwood Trust, Inc. · Via Business Wire · October 27, 2022
Redwood Trust Provides Preliminary Third Quarter 2022 Financial Results and Announces Date of Third Quarter 2022 Financial Results Webcast and Conference Call
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today provided preliminary results for certain financial measures for the quarter ended September 30, 2022 and also announced the date for the Company’s third quarter 2022 financial results webcast and conference call.
By Redwood Trust, Inc. · Via Business Wire · October 13, 2022
Redwood Trust Names New Chief Investment Officer and Announces Transition of CoreVest Leadership Team
Redwood Trust, Inc. (NYSERWT) (“Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced changes to its leadership team as part of a strategic evolution of its organizational structure.
By Redwood Trust, Inc. · Via Business Wire · September 26, 2022
Redwood Trust Announces Dividend of $0.23 Per Share for the Third Quarter of 2022
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors authorized the declaration of a third quarter 2022 regular common stock dividend of $0.23 per share. This marks the Company's 93rd consecutive quarterly dividend. The third quarter 2022 dividend is payable on September 30, 2022 to stockholders of record on September 23, 2022.
By Redwood Trust, Inc. · Via Business Wire · September 13, 2022
Redwood Trust Announces $125 Million Common Stock Repurchase Program
Redwood Trust, Inc. (NYSERWT) ("Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors has authorized the repurchase of up to $125 million of common stock. This stock repurchase program, which replaces the $100 million common stock repurchase program approved by the Board of Directors in 2018, has no time limit and may be modified, suspended or discontinued at any time. The Board of Directors also continued its previous authorization for the repurchase of outstanding corporate debt securities.
By Redwood Trust, Inc. · Via Business Wire · July 28, 2022
Redwood Trust Reports Second Quarter 2022 Financial Results
Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended June 30, 2022.
By Redwood Trust, Inc. · Via Business Wire · July 28, 2022
Redwood Trust Announces Date of Second Quarter 2022 Financial Results Webcast and Conference Call
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its second quarter 2022 results on July 28, 2022 after the close of the market. Redwood’s senior management team plans to hold a conference call to discuss its second quarter 2022 financial results later that same day at 2:00 pm Pacific Time/ 5:00 pm Eastern Time.
By Redwood Trust, Inc. · Via Business Wire · July 14, 2022
Redwood Trust Completes Previously Announced Acquisition of Riverbend Lending
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that it has completed the previously announced acquisition of Riverbend Funding, LLC and its subsidiaries (“Riverbend”), a best-in-class private mortgage lender to residential transitional and commercial real estate investors, in an all cash transaction. The acquisition was initially announced on April 28, 2022.
By Redwood Trust, Inc. · Via Business Wire · July 5, 2022
Redwood Trust Announces Dividend of $0.23 Per Share for the Second Quarter Of 2022
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors authorized the declaration of a second quarter 2022 regular common stock dividend of $0.23 per share. This marks the Company's 92nd consecutive quarterly dividend. The second quarter 2022 dividend is payable on June 30, 2022 to stockholders of record on June 23, 2022.
By Redwood Trust, Inc. · Via Business Wire · June 9, 2022
Redwood Trust Prices Upsized $200 Million Convertible Senior Notes Offering
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that it priced $200,000,000 aggregate principal amount of its 7.75% convertible senior notes due 2027 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $150,000,000. Redwood granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $30,000,000 principal amount of Notes. The Notes will be senior unsecured obligations of Redwood. The offering is expected to close on June 9, 2022, subject to the satisfaction of certain closing conditions.
By Redwood Trust, Inc. · Via Business Wire · June 6, 2022
Redwood Trust Announces Offering of Convertible Senior Notes Due 2027
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that it plans to offer, subject to market and other conditions, $150,000,000 aggregate principal amount of convertible senior notes due 2027 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Redwood expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $22,500,000 principal amount of Notes. The Notes will be senior unsecured obligations of Redwood. The interest rate and offering price are to be determined by negotiations between Redwood and the initial purchasers of the Notes.
By Redwood Trust, Inc. · Via Business Wire · June 6, 2022
Redwood Trust Announces Strategic Acquisition of Riverbend Lending
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that it has entered into a definitive agreement to acquire Riverbend Funding, LLC and its subsidiaries (“Riverbend”), a best-in-class private mortgage lender to residential transitional and commercial real estate investors, in an all cash transaction. The addition of Riverbend complements Redwood’s existing business purpose mortgage banking platform, CoreVest American Finance Lender, LLC (“CoreVest”), enhancing CoreVest’s suite of products, geographic and production footprint, and client base. Following the close of the acquisition, Riverbend will be integrated into CoreVest.
By Redwood Trust, Inc. · Via Business Wire · April 28, 2022
Redwood Trust Reports First Quarter 2022 Financial Results
Redwood Trust, Inc. (NYSE:RWT; "Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended March 31, 2022.
By Redwood Trust, Inc. · Via Business Wire · April 28, 2022
Redwood Trust Announces Date of First Quarter 2022 Financial Results Webcast and Conference Call
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its first quarter 2022 results on April 28, 2022 after the close of the market. Redwood's senior management team plans to hold a conference call to discuss its first quarter 2022 financial results later that same day at 2:00 p.m. Pacific Time/ 5:00 p.m. Eastern Time.
By Redwood Trust, Inc. · Via Business Wire · April 13, 2022
Redwood Residential Launches New Products to Address Evolving Homeowner Needs
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that Redwood Residential, its residential mortgage banking platform, has launched new expanded product offerings through its Choice program as well as a new product geared towards addressing the growing cohort of self-employed borrowers. Loans for self-employed borrowers will be uniquely structured to meet the Consumer Financial Protection Bureau’s (“CFPB”) Qualified Mortgage (“QM”) definition.
By Redwood Trust, Inc. · Via Business Wire · April 11, 2022
Redwood Trust Announces Chief Investment Officer of RWT Horizons
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced Ryan McBride will transition full-time to the role of Chief Investment Officer of RWT Horizons, the venture arm of Redwood that targets early stage companies transforming financial and real estate technology. This transition is effective immediately and McBride will report directly to Dash Robinson, Redwood’s President.
By Redwood Trust, Inc. · Via Business Wire · April 4, 2022