Redwood Trust Experiences $44 Million Loss, Downsizes Workforce

February 13, 2023

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%.
https://www.mpamag.com/us/news/general/redwood-trust-experiences-44-million-loss-downsizes-workforce/436137