{"schema_version":"secwatch.filing_event.v1","accession":"0000930236-25-000023","form_type":"8-K","ticker":"RWT","cik":"0000930236","company_name":"REDWOOD TRUST INC","filed_at":"2025-07-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.730142+00:00","generated_at":"2026-05-17T23:28:19.612463+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 Q2 GAAP loss $100.2M ($0.76/sh); book value falls to $7.49; accelerates legacy wind-down","bullets":["GAAP net loss $100.2M ($0.76/sh) vs prior Q income $14.3M; book value per share dropped to $7.49 from $8.39.","Non-GAAP Core Segments EAD $25.0M ($0.18/sh) vs $28.0M ($0.20/sh) in Q1; new Legacy Investments segment posted $104M loss.","Accelerating legacy portfolio wind-down; expects to generate $200-$250M incremental capital by year-end 2025.","Share repurchase authorization increased to $150M; 2.4M shares repurchased since June 2025 with plans to expand.","Sequoia mortgage banking net income $22.2M, CoreVest $6.1M, Redwood Investments $11.9M; combined mortgage banking GAAP ROE >20%."],"urls":{"canonical":"https://secwatch.observer/filing/0000930236-25-000023","json":"https://secwatch.observer/filing/0000930236-25-000023.json","markdown":"https://secwatch.observer/filing/0000930236-25-000023.md","text":"https://secwatch.observer/filing/0000930236-25-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/930236/000093023625000023/0000930236-25-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/930236/000093023625000023/rwt-20250730.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T23:28:19.612463+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"}