Redwood Trust forms JV with Castlelake to buy up to $8B in prime jumbo mortgages

REDWOOD TRUST INC

JV targets up to $8B of Sequoia-sourced prime jumbo loans, with flexibility to scale.
Redwood's Sequoia platform has purchased ~$100B in loans and securitized >$50B since 1994.
Castlelake manages ~$36B in assets; has financed >$10B in residential/commercial loans since 2024.
CFO Brooke Carillo states loan acquisition volumes more than doubled over the past year.
JV includes potential acquisition of seasoned loans from bank balance sheets.

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