Discontinued — last reported Q3 '23
Business Segments · Interest Expense
Business Purpose Mortgage Banking — Interest Expense
Redwood Trust Business Purpose Mortgage Banking — Interest Expense increased by 5.9% to $3.89M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 34.9%, from $5.97M to $3.89M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2017
Last reportedQ3 2023Nov 7, 2023
Rolls up toInterest Expense
How to read this metric
An increase often reflects higher borrowing costs or increased leverage, while a decrease may signal lower funding costs or reduced debt levels.
Detailed definition
Represents the interest costs incurred to fund the business-purpose mortgage loan portfolio, typically through warehouse...
Peer comparison
Comparable to interest expense on debt facilities for mortgage banking and specialty finance peers.
Metric ID:
rwt_segment_business_purpose_mortgage_banking_interest_expenseHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.52M | $2.01M | $2.10M | $2.57M | $4.26M | $5.97M | $5.24M | $4.04M | $3.67M | $3.89M |
| QoQ Change | — | +32.3% | +4.1% | +22.5% | +65.8% | +40.2% | -12.2% | -23.0% | -9.0% | +5.9% |
| YoY Change | — | — | — | — | +179.9% | +196.6% | +150.2% | +57.2% | -13.7% | -34.9% |
Range$1.52M – $5.97M
CAGR+51.8%
Avg YoY Growth+89.2%
Median YoY Growth+103.7%
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Frequently Asked Questions
- What is Redwood Trust's business purpose mortgage banking — interest expense?
- Redwood Trust (RWT) reported business purpose mortgage banking — interest expense of $3.89M in Q3 2023.
- How has Redwood Trust's business purpose mortgage banking — interest expense changed year-over-year?
- Redwood Trust's business purpose mortgage banking — interest expense decreased by 34.9% year-over-year, from $5.97M to $3.89M.
- What does business purpose mortgage banking — interest expense mean?
- Total interest paid to finance the business-purpose loan portfolio.