Redwood Trust Reports Third Quarter Financial Results and Announces Planned Transition to a C-corporation
Business Wire•03/11/2026•16:15 ET
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Key Highlights
- ➤Redwood Trust (RWT) plans C-corporation transition in 2027
- ➤Transition expected to increase Q4 GAAP book value $0.73–$0.77 per share
- ➤GAAP book value fell 4.9% to $6.56 per share
- ➤Consolidated GAAP loss reached $0.39 per basic share
- ➤Mortgage Banking generated $27.0 million GAAP net income, 26% annualized ROC
Expert Statements
Christopher Abate, Chief Executive Officer of Redwood Trust
“The third quarter of 2026 was among the most challenging for our industry since the onset of the COVID-19 pandemic. We prioritized liquidity while maintaining strong returns in mortgage banking,”
Christopher Abate, Chief Executive Officer of Redwood Trust
“We distributed $8.8 billion of mortgage loans during the quarter, while continuing to serve our seller network. In aligning our corporate structure with our business model going forward, we can leverage our competitive advantages and continue growing market share—a major strategic priority as housing inventory for sale hits multi-year highs and the need for purchase-money mortgages potentially rises.”
Redwood Trust Reports Third Quarter Financial Results and Announces Planned Transition to a C-corporation
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, 2026.
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