Discontinued — last reported Q3 '23
Business Segments · Interest Income
Business Purpose Mortgage Banking — Interest Income
Redwood Trust Business Purpose Mortgage Banking — Interest Income increased by 5.0% to $4.62M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 49.2%, from $9.08M to $4.62M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ1 2017
Last reportedQ3 2023Nov 7, 2023
Rolls up toTotal Interest Income
How to read this metric
An increase suggests growth in the loan portfolio or higher interest rates on new originations, while a decrease may indicate portfolio runoff or lower yields.
Detailed definition
Represents the gross interest revenue generated from the company's portfolio of business-purpose mortgage loans, such as...
Peer comparison
Comparable to interest income from commercial real estate or specialty lending segments at other REITs or mortgage finance companies.
Metric ID:
rwt_segment_business_purpose_mortgage_banking_interest_incomeHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.03M | $3.97M | $4.21M | $4.84M | $8.59M | $9.08M | $6.17M | $4.49M | $4.40M | $4.62M |
| QoQ Change | — | +31.1% | +6.0% | +15.1% | +77.4% | +5.8% | -32.1% | -27.1% | -2.2% | +5.0% |
| YoY Change | — | — | — | — | +183.7% | +128.9% | +46.6% | -7.2% | -48.8% | -49.2% |
Range$3.03M – $9.08M
CAGR+20.7%
Avg YoY Growth+42.4%
Median YoY Growth+19.7%
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Frequently Asked Questions
- What is Redwood Trust's business purpose mortgage banking — interest income?
- Redwood Trust (RWT) reported business purpose mortgage banking — interest income of $4.62M in Q3 2023.
- How has Redwood Trust's business purpose mortgage banking — interest income changed year-over-year?
- Redwood Trust's business purpose mortgage banking — interest income decreased by 49.2% year-over-year, from $9.08M to $4.62M.
- What does business purpose mortgage banking — interest income mean?
- Total interest earned from business-purpose mortgage loans.