Discontinued — last reported Q3 '23
Business Segments · Net (Loss) Income
Business Purpose Mortgage Banking — Net (Loss) Income
Redwood Trust Business Purpose Mortgage Banking — Net (Loss) Income increased by 64.3% to -$1.19M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 69.1%, from -$3.86M to -$1.19M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityVolatile
First reportedQ1 2017
Last reportedQ3 2023Nov 7, 2023
Rolls up toNet Income
How to read this metric
Higher net income indicates strong market demand, effective pricing, and disciplined cost control within the segment.
Detailed definition
Measures the total profitability of the business purpose mortgage banking segment after all revenues, operating expenses...
Peer comparison
Equivalent to segment-level net income reported by other mortgage REITs and specialty finance companies.
Metric ID:
rwt_segment_business_purpose_mortgage_banking_net_loss_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 | $14.54M | $10.84M | $7.38M | -$2.55M | -$20.65M | -$3.86M | -$17.23M | -$1.03M | -$3.34M | -$1.19M |
| QoQ Change | — | -25.5% | -31.9% | -134.5% | -711.5% | +81.3% | -346.9% | +94.0% | -225.5% | +64.3% |
| YoY Change | — | — | — | — | -242.0% | -135.6% | -333.4% | +59.6% | +83.8% | +69.1% |
Range-$20.65M – $14.54M
CAGR-67.1%
Avg YoY Growth-83.1%
Median YoY Growth-38.0%
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Frequently Asked Questions
- What is Redwood Trust's business purpose mortgage banking — net (loss) income?
- Redwood Trust (RWT) reported business purpose mortgage banking — net (loss) income of -$1.19M in Q3 2023.
- How has Redwood Trust's business purpose mortgage banking — net (loss) income changed year-over-year?
- Redwood Trust's business purpose mortgage banking — net (loss) income increased by 69.1% year-over-year, from -$3.86M to -$1.19M.
- What does business purpose mortgage banking — net (loss) income mean?
- The final profit or loss generated by the business purpose mortgage banking segment.