earnings
confidence high
sentiment positive
materiality 0.70
Redwood Trust Q1 2025 jumbo lock volumes surge 73% to $4B; estimated book value up 1-1.5% since March 31
REDWOOD TRUST INC
2025-Q1 EPS reported
$0.10
- Estimated GAAP book value per share as of April 21, 2025 up 1% to 1.5% from $8.39 at March 31, 2025.
- Jumbo lock volumes reached $4 billion in Q1 2025, a 73% increase from prior quarter and highest since Q3 2021.
- Annualized ROE for the flow production segment was 28% in Q1 2025, with margins above historical target range.
- Reorganized mortgage banking under three brands: Sequoia (QM correspondent), Aspire (non-QM + HEI), and CoreVest (housing investor lending).
- Cites potential policy shifts at GSEs as creating a greenfield opportunity for private-label Redwood platform.