Discontinued — last reported Q3 '23
Business Purpose Mortgage Banking — Loan Acquisition Costs
Redwood Trust Business Purpose Mortgage Banking — Loan Acquisition Costs increased by 14.7% to $1.49M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 20.8%, from $1.88M to $1.49M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests rising competition for loan volume or operational inefficiencies, while a decrease may indicate improved procurement processes or lower market competition.
Detailed definition
Represents the direct costs incurred by the business purpose mortgage banking segment to originate or purchase residenti...
Peer comparison
Comparable to loan origination costs or acquisition expenses reported by other non-bank mortgage lenders and REITs.
rwt_segment_business_purpose_mortgage_banking_loan_acquisition_costsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.86M | $2.18M | $2.57M | $3.05M | $2.60M | $1.88M | $1.16M | $1.11M | $1.30M | $1.49M |
| QoQ Change | — | +16.9% | +18.3% | +18.5% | -14.7% | -27.8% | -38.3% | -3.8% | +16.2% | +14.7% |
| YoY Change | — | — | — | — | +39.7% | -13.7% | -55.0% | -63.5% | -50.2% | -20.8% |
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Frequently Asked Questions
- What is Redwood Trust's business purpose mortgage banking — loan acquisition costs?
- Redwood Trust (RWT) reported business purpose mortgage banking — loan acquisition costs of $1.49M in Q3 2023.
- How has Redwood Trust's business purpose mortgage banking — loan acquisition costs changed year-over-year?
- Redwood Trust's business purpose mortgage banking — loan acquisition costs decreased by 20.8% year-over-year, from $1.88M to $1.49M.
- What does business purpose mortgage banking — loan acquisition costs mean?
- The total expenses incurred to acquire or originate mortgage loans for business-purpose investment properties.