Redwood Trust Experiences $44 Million Loss, Downsizes Workforce

Mortgage Professoinal America, Feb. 13, 2023–Candyd Mendoza
The REIT recorded a $44 million loss in Q4 in its jumbo aggregation segment, reflecting the ongoing effects of interest rate volatility. In response to the losses, Redwood has shifted its focus on business-purpose lending and investment portfolios and reduced its workforce by 24%.