Financial PerformanceRedwood Trust announced third quarter 2024 results with earnings above consensus and sequentially higher earnings available for distribution, along with stable book value and improved mortgage banking gross margins.
Mortgage Investment FlowsRWT is seeing strong jumbo residential mortgage investment flows, benefiting as small-to-medium sized banks are less interested in keeping mortgages on balance sheet.
Valuation And Market PotentialRedwood Trust's shares are trading below the estimated book value, suggesting potential for price appreciation.