Discontinued — last reported Q3 '23
Business Segments · General and Administrative Expense
Business Purpose Mortgage Banking — General and Administrative Expense
Redwood Trust Business Purpose Mortgage Banking — General and Administrative Expense decreased by 19.2% to $9.40M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 49.3%, from $18.54M to $9.40M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2017
Last reportedQ3 2023Nov 7, 2023
Rolls up toG&A
How to read this metric
Lower expenses relative to revenue indicate higher operational efficiency and better cost management.
Detailed definition
The operating costs associated with running the business-purpose mortgage segment, including personnel, technology, and...
Peer comparison
Comparable to G&A expense ratios across the financial services and mortgage banking industry.
Metric ID:
rwt_segment_business_purpose_mortgage_banking_general_and_administrative_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 | $12.36M | $12.02M | $12.02M | $10.47M | $11.07M | $18.54M | $16.48M | $13.68M | $11.64M | $9.40M |
| QoQ Change | — | -2.7% | +0.0% | -12.9% | +5.7% | +67.4% | -11.1% | -17.0% | -14.9% | -19.2% |
| YoY Change | — | — | — | — | -10.4% | +54.2% | +37.1% | +30.6% | +5.1% | -49.3% |
Range$9.40M – $18.54M
CAGR-11.4%
Avg YoY Growth+11.2%
Median YoY Growth+17.9%
Current Streak4 quarters decline
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Frequently Asked Questions
- What is Redwood Trust's business purpose mortgage banking — general and administrative expense?
- Redwood Trust (RWT) reported business purpose mortgage banking — general and administrative expense of $9.40M in Q3 2023.
- How has Redwood Trust's business purpose mortgage banking — general and administrative expense changed year-over-year?
- Redwood Trust's business purpose mortgage banking — general and administrative expense decreased by 49.3% year-over-year, from $18.54M to $9.40M.
- What does business purpose mortgage banking — general and administrative expense mean?
- Operating expenses required to run the business-purpose mortgage segment.