{"schema_version":"secwatch.filing_event.v1","accession":"0000930236-23-000035","form_type":"8-K","ticker":"RWT","cik":"0000930236","company_name":"REDWOOD TRUST INC","filed_at":"2023-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.446627+00:00","generated_at":"2026-06-09T06:34:03.088915+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Redwood Trust Q3 GAAP net loss $33M; book value down 5.3% to $8.77","bullets":["GAAP net loss attributable to common stockholders of $(33)M ($0.29/diluted share); Non-GAAP EAD of $11M ($0.09/share).","Book value per common share fell 5.3% to $8.77 from $9.26, economic return (3.6)%.","Jumbo loan lock volume surged to $1.6B (up ~200% QoQ) as bank sellers contributed 50% of purchases.","Regular quarterly dividend maintained at $0.16 per share.","Recourse leverage increased to 2.3x (2.2x prior); unrestricted cash $204M at quarter end."],"urls":{"canonical":"https://secwatch.observer/filing/0000930236-23-000035","json":"https://secwatch.observer/filing/0000930236-23-000035.json","markdown":"https://secwatch.observer/filing/0000930236-23-000035.md","text":"https://secwatch.observer/filing/0000930236-23-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/930236/000093023623000035/0000930236-23-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/930236/000093023623000035/rwt-20231030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:34:03.088915+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0abccdcde21305e8c579281f509976132620138a","claim":"REDWOOD TRUST INC reported the quarter ended September 30, 2023 results: net income $(33) million, EPS $(0.29) per diluted common share.","evidence_excerpt":"REDWOOD TRUST REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS MILL VALLEY, CA – Redwood Trust, Inc. (NYSE:RWT; \"Redwood\" or the \"Company\"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2023. Key Q3 2023 Financial Results and Metrics • GAAP boo k value per common share was $8.77 at September 30, 2023, a 5.3% decrease from $9.26 per share at June 30, 2023 ◦ Economic return on book value of (3.6)% (1) • GAAP net loss related to common stockholders of $(33) million or $(0.29) per diluted common share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/930236/000093023623000035/0000930236-23-000035-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Net income","value":"$(33) million"},{"label":"EPS","value":"$(0.29) per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}