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Dec 31, 2020
Redwood Trust Q4 2020 Earnings Report
Reported financial results for the quarter ended December 31, 2020.
Key Takeaways
Redwood Trust reported a GAAP net income of $54 million, or $0.42 per diluted common share. The company locked a record $3.8 billion of jumbo residential loans, up 81% from the third quarter of 2020. The loan pipeline at December 31, 2020 included $3.1 billion of loans identified for purchase, up 72% from the third quarter of 2020.
GAAP net income was $54 million, or $0.42 per diluted common share
GAAP book value per common share was $9.91 at December 31, 2020
Economic return on book value of 7%
Recourse leverage ratio of 1.3x at December 31, 2020
Forward Guidance
Redwood Trust expects to generate durable margins and attractive assets that will result in high-quality earnings, and the company has confidence that it can safely support a stable to growing dividend in 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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