Redwood Trust Q2 FY26 net loss narrows to $2.9 million; Mortgage Banking net income rises 9% to $40.1 million vs Q1 FY26

Reuters2026/07/28 11:02

By:Reuters

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Redwood Trust posted a GAAP net loss of $2.9 million, or $(0.03) per share, for the quarter ended June 30, 2026.
Non-GAAP earnings available for distribution were $20.3 million, or $0.15 per share; Core Segments EAD came in at $34 million, or $0.25 per share.
Mortgage banking production exceeded $8 billion for a second straight quarter; total Mortgage Banking GAAP net income rose 9% from Q1 to $40.1 million.
Book value per common share fell to $6.90 from $7.12; economic return on book value was (0.6)%.
CEO Christopher Abate said the company prioritized profitability over volume, adopted a more cautious posture in April and May, then saw improved momentum in June.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redwood Trust Inc. published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Redwood Trust Q2 FY26 net loss narrows to $2.9 million; Mortgage Banking net income rises 9% to $40.1 million vs Q1 FY26

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