secwatch.observer — SEC 8-K summary
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Issuer:     REDWOOD TRUST INC (RWT)
CIK:        0000930236
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0000930236-26-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Redwood Trust Q1 GAAP loss $0.07/sh; record $8.5B mortgage banking production
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- GAAP net loss of $(0.07) per share; Non-GAAP EAD $0.21 per share covers $0.18 dividend.
- Mortgage banking production record $8.5B (up 16% QoQ) driven by Sequoia locks $6.5B.
- GAAP book value per share $7.12, down from $7.36 at Dec 31; economic return (0.8)%.
- Sequoia mortgage banking net income $37.8M; CoreVest had $5M severance costs.
- New JV with Castlelake L.P. for up to $8B jumbo loan purchases; Aspire inaugural non-QM securitization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930236/000093023626000016/0000930236-26-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930236/000093023626000016/rwt-20260429.htm
  HTML page:      https://secwatch.observer/filing/0000930236-26-000016

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