Redwood Trust, Inc. Provides Preliminary Earnings Guidance for the Quarter Ended December 31, 2018
January 29, 2019 at 05:03 pm
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Redwood Trust, Inc. provided preliminary earnings guidance for the quarter ended December 31, 2018. Net loss per diluted common share is estimated to be in the range of $0.04 to $0.01 for the quarter ended December 31, 2018. Non-GAAP core earnings per diluted common share is estimated to be in the range of $0.37 to $0.40 for the quarter ended December 31, 2018.
Redwood Trust, Inc. is a specialty finance company focused on several distinct areas of housing credit. The Company's segments include Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale to whole loan buyers, securitization through its SEMT (Sequoia) private-label securitization program, or transfer into its investment portfolio. The Residential Investor Mortgage Banking segment consists of a platform that originates business purpose lending loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment consists of organic investments sourced through the Company's mortgage banking operations. Additionally, through RWT Horizons, its venture investing initiative, the Company invests in early-stage companies.
REDWOOD TRUST, INC. 
