{"schema_version":"secwatch.filing_event.v1","accession":"0000930236-25-000017","form_type":"8-K","ticker":"RWT","cik":"0000930236","company_name":"REDWOOD TRUST INC","filed_at":"2025-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.867052+00:00","generated_at":"2026-05-23T03:15:34.677645+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Redwood Trust Q1 net income $14.4M, $0.10 EPS; Sequoia lock volume surges to $4.0B","bullets":["GAAP net income available to common $14.4M ($0.10/sh) vs Q4 loss of $8.4M; non-GAAP EAD $19.8M ($0.14/sh).","Book value per common share $8.39 (down $0.07 from Dec 31); economic return on BV 1.3% for Q1.","Sequoia mortgage banking locked $4.0B loans (up 73% QoQ, 125% YoY); segment net income $25.8M.","CoreVest funded $482M loans (up 48% YoY); net income $1.3M; EAD ROE 20%.","Quarterly dividend maintained at $0.18/sh; Q2 to date distributed ~$520M loans through securitizations."],"urls":{"canonical":"https://secwatch.observer/filing/0000930236-25-000017","json":"https://secwatch.observer/filing/0000930236-25-000017.json","markdown":"https://secwatch.observer/filing/0000930236-25-000017.md","text":"https://secwatch.observer/filing/0000930236-25-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/930236/000093023625000017/0000930236-25-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/930236/000093023625000017/rwt-20250430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T03:15:34.677645+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}