Discontinued — last reported Q3 '23
Business Segments · Intangible assets
Business Purpose Mortgage Banking — Intangible assets
Redwood Trust Business Purpose Mortgage Banking — Intangible assets decreased by 9.0% to $31.57M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 28.5%, from $44.13M to $31.57M.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2019
Last reportedQ3 2023Nov 7, 2023
Rolls up toGoodwill
How to read this metric
An increase may suggest recent acquisitions or investments in brand and technology, while a decrease typically reflects ongoing amortization or potential impairment charges.
Detailed definition
This metric represents the carrying value of non-physical assets, such as brand equity, customer relationships, or intel...
Peer comparison
Peers in the non-QM or investment property lending space typically report similar intangible assets related to loan servicing rights and platform technology.
Metric ID:
rwt_segment_business_purpose_mortgage_banking_intangible_assetsHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $49.12M | $45.25M | $41.56M | $38.03M | $34.72M | $44.13M | $40.89M | $37.78M | $34.68M | $31.57M |
| QoQ Change | — | -7.9% | -8.1% | -8.5% | -8.7% | +27.1% | -7.3% | -7.6% | -8.2% | -9.0% |
| YoY Change | — | — | — | — | -29.3% | -2.5% | -1.6% | -0.6% | -0.1% | -28.5% |
Range$31.57M – $49.12M
CAGR-17.8%
Avg YoY Growth-10.4%
Median YoY Growth-2.0%
Current Streak4 quarters decline
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Frequently Asked Questions
- What is Redwood Trust's business purpose mortgage banking — intangible assets?
- Redwood Trust (RWT) reported business purpose mortgage banking — intangible assets of $31.57M in Q3 2023.
- How has Redwood Trust's business purpose mortgage banking — intangible assets changed year-over-year?
- Redwood Trust's business purpose mortgage banking — intangible assets decreased by 28.5% year-over-year, from $44.13M to $31.57M.
- What does business purpose mortgage banking — intangible assets mean?
- The total value of non-physical assets held by the business purpose mortgage lending division.