---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-081027"
form_type: "8-K"
ticker: "RWT"
cik: "0000930236"
company_name: "REDWOOD TRUST INC"
filed_at: "2026-07-07T13:31:50+00:00"
generated_at: "2026-07-07T13:33:08.961761+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Redwood Trust reports record Aspire non-QM volume of $2.1B in Q2; preliminary book value down 1-3%

## Summary
- Aspire non-QM lock volume $2.1B, up 32% sequentially; aggregate mortgage banking volumes over $8B in Q2.
- Aspire completed 2nd and 3rd SPIRE securitizations; correspondent network grew to 140 sellers; launched AI-powered pricing and guideline engines.
- Expects to form dedicated Aspire JV with institutional capital partner; loan contributions to begin in Q3.
- Preliminary Q2 GAAP book value decline 1-3% from Q1; economic return on book value estimated between -1% and 1% inclusive of $0.18 dividend.
- Maintained strong liquidity; $3.5B excess asset funding capacity at June 30; full Q2 results on July 28.

## SEC filing metadata
- accession: 0001104659-26-081027
- form_type: 8-K
- ticker: RWT
- cik: 0000930236
- company_name: REDWOOD TRUST INC
- filed_at: 2026-07-07T13:31:50+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/930236/000110465926081027/0001104659-26-081027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/930236/000110465926081027/tm2619917d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-081027
- JSON: https://secwatch.observer/filing/0001104659-26-081027.json
- Plain text: https://secwatch.observer/filing/0001104659-26-081027.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.