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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.
For detailed information about RWT stock, go to TipRanks’ Stock Analysis page.
