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Redwood ( (RWT) ) has issued an announcement.
Redwood Trust, Inc. reported a strong third quarter in 2024, showcasing a GAAP book value per share of $8.74 and a 2.1% economic return. The company saw significant achievements in its mortgage banking operations, including a notable increase in refinance activity and securitization of jumbo loans. With $157 million in new investments and enhanced financing capacities, Redwood is well-positioned to capitalize on growing market opportunities, as stated by CEO Christopher Abate. The firm emphasizes its strategic focus on deepening partnerships and expanding access to housing finance.
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