Redwood Trust reported a FY 2025 net loss available to common stockholders of USD 77.0 million, compared with net income of USD 47.0 million in FY 2024. Net interest income was USD 82.7 million and total non-interest income was USD 94.7 million, while total operating expenses were USD 222.2 million and the income tax provision was USD 25.2 million. In Mortgage Banking, Sequoia segment contribution was USD 126.1 million, supported by FY 2025 loan locks of USD 20.7 billion (up 130%), including USD 3.2 billion from the Aspire expanded-credit platform in its first full year. Sequoia completed 16 securitizations backed by USD 8.5 billion of loans and sold about USD 4.0 billion via whole-loan sales; gain-on-sale margins averaged 116 basis points and cost per loan improved to 0.23% in FY 2025 from 0.29% in FY 2024. CoreVest segment contribution was USD 20.1 million, with funded volume of USD 2.0 billion (up 13%) and distribution activity of USD 2.1 billion (up 33%); small-balance products represented about 40% of FY 2025 funded volume, including RTL production of USD 641 million (up 36%) and DSCR volume of USD 150 million (up 134%). Redwood Investments segment contribution was USD 68.1 million, with net interest income of USD 81.4 million. Legacy Investments recorded a FY 2025 segment loss of USD 146.9 million, including net interest loss of USD 25.0 million and investment fair value losses of USD 99.2 million; the company said it completed about USD 1.2 billion of legacy asset dispositions in 2025, including a USD 484.0 million sale of legacy bridge loans and REO into a partnership structure while retaining a USD 182.0 million subordinate beneficial interest. Redwood ended FY 2025 with total capital of USD 1.76 billion and USD 256.0 million of unrestricted cash, and repurchased 9.2 million common shares for USD 53.0 million during the year.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redwood Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000930236-26-000007), on February 27, 2026, and is solely responsible for the information contained therein.
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