Mortgage banking activities, net
Redwood Trust Mortgage banking activities, net decreased by 39.8% to $31.96M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 3.3%, from $33.05M to $31.96M. Over 4 years (FY 2021 to FY 2025), Mortgage banking activities, net shows a downward trend with a -8.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates higher volume or better pricing margins in the mortgage conduit business, while a decrease suggests compressed margins or lower origination volume.
Detailed definition
Represents the net revenue generated from mortgage banking operations, including gains or losses on the sale of mortgage...
Peer comparison
Common among mortgage REITs and non-bank lenders; peers report this as a primary revenue driver.
other_mortgage_banking_activities_netHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $54.42M | $63.16M | $35.56M | $16.32M | -$30.02M | $16.54M | -$16.49M | $16.67M | $16.55M | $19.44M | $14.72M | $14.56M | $18.92M | $39.57M | $26.35M | $33.05M | $40.86M | $40.13M | $53.06M | $31.96M |
| QoQ Change | — | +16.1% | -43.7% | -54.1% | -284.0% | +155.1% | -199.7% | +201.1% | -0.7% | +17.4% | -24.3% | -1.1% | +30.0% | +109.1% | -33.4% | +25.4% | +23.6% | -1.8% | +32.2% | -39.8% |
| YoY Change | — | — | — | — | -155.2% | -73.8% | -146.4% | +2.2% | +155.1% | +17.6% | +189.3% | -12.7% | +14.3% | +103.5% | +79.0% | +127.1% | +115.9% | +1.4% | +101.4% | -3.3% |
Business Segments — Sequoia
| Segment | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|
| Sequoia | $24.40M | $28.72M | $40.38M | $22.05M |
| CoreVest | $16.46M | $11.41M | $12.46M | $7.23M |
| Aspire | — | — | — | $2.68M |
| Legacy Investments | $0.00 | $0.00 | $0.00 | $0.00 |
| Redwood Investments | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $40.86M | $40.13M | $53.06M | $31.96M |
Business Segments — Residential Consumer Mortgage Banking
| Segment | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Residential Consumer Mortgage Banking | $2.16M | $3.37M | $7.06M | $8.96M | — | $7.83M | $6.25M | $26.72M |
| Residential Investor Mortgage Banking | $1.91M | — | — | — | — | $6.73M | $12.68M | $12.85M |
| Business Purpose Mortgage Banking | $14.38M | $13.31M | $9.49M | $10.48M | — | — | — | — |
| Investment Portfolio | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $16.54M | $16.67M | $16.55M | $19.44M | $14.72M | $14.56M | $18.92M | $39.57M |
Business Purpose Mortgage Banking, Investment Portfolio, Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — Sequoia Mortgage Banking
| Segment | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q4 '24 | Q1 '25 |
|---|---|---|---|---|---|---|
| Sequoia Mortgage Banking | -$5.32M | -$5.32M | -$5.32M | -$5.32M | $16.79M | $22.15M |
| CoreVest Mortgage Banking | $1.91M | $1.91M | $1.91M | $1.91M | $8.82M | $11.00M |
| Total | $16.32M | -$30.02M | $16.54M | -$16.49M | $26.35M | $33.05M |
Mortgage banking activities, net at Other Companies
Frequently Asked Questions
- What is Redwood Trust's mortgage banking activities, net?
- Redwood Trust (RWT) reported mortgage banking activities, net of $31.96M in Q1 2026.
- How has Redwood Trust's mortgage banking activities, net changed year-over-year?
- Redwood Trust's mortgage banking activities, net decreased by 3.3% year-over-year, from $33.05M to $31.96M.
- What is the long-term trend for Redwood Trust's mortgage banking activities, net?
- Over 4 years (2021 to 2025), Redwood Trust's mortgage banking activities, net has grown at a -8.2% compound annual growth rate (CAGR), from $235.74M to $167.11M.
- What does mortgage banking activities, net mean?
- Net profit earned from originating, selling, and securitizing mortgage loans.