secwatch.observer — SEC 8-K summary
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Issuer:     REDWOOD TRUST INC (RWT)
CIK:        0000930236
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000930236-23-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Redwood Trust Q3 GAAP net loss $33M; book value down 5.3% to $8.77
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930236/000093023623000035/0000930236-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930236/000093023623000035/rwt-20231030.htm
  HTML page:      https://secwatch.observer/filing/0000930236-23-000035

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