Discontinued — last reported Q1 '26
CoreVest Mortgage Banking — Net Income
Redwood Trust CoreVest Mortgage Banking — Net Income decreased by 194.2% to -$3.29M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 345.9%, from $1.34M to -$3.29M. Over 2 years (FY 2022 to FY 2024), CoreVest Mortgage Banking — Net Income shows an upward trend with a -77.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher net income indicates strong operational performance, effective risk management, and successful execution of the segment's business strategy.
Detailed definition
Represents the bottom-line profitability of the mortgage banking segment after accounting for all revenues, interest exp...
Peer comparison
Equivalent to 'Segment Net Income' or 'Segment Profit' reported by competitors in the residential and investor mortgage banking space.
rwt_segment_corevest_mortgage_banking_net_incomeHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$11.07M | -$11.07M | -$11.07M | -$11.07M | -$3.14M | -$3.14M | -$3.14M | -$3.14M | -$5.51M | $595.00K | $5.68M | $1.53M | $1.34M | $6.14M | $3.49M | -$3.29M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +71.6% | +0.0% | +0.0% | +0.0% | -75.2% | +110.8% | +855.1% | -73.2% | -12.3% | +358.5% | -43.1% | -194.2% |
| YoY Change | — | — | — | — | +71.6% | +71.6% | +71.6% | +71.6% | -75.2% | +118.9% | +280.8% | +148.5% | +124.3% | +931.1% | -38.6% | -345.9% |
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Frequently Asked Questions
- What is Redwood Trust's corevest mortgage banking — net income?
- Redwood Trust (RWT) reported corevest mortgage banking — net income of -$3.29M in Q1 2026.
- How has Redwood Trust's corevest mortgage banking — net income changed year-over-year?
- Redwood Trust's corevest mortgage banking — net income decreased by 345.9% year-over-year, from $1.34M to -$3.29M.
- What is the long-term trend for Redwood Trust's corevest mortgage banking — net income?
- Over 2 years (2022 to 2024), Redwood Trust's corevest mortgage banking — net income has grown at a -77.2% compound annual growth rate (CAGR), from -$44.29M to $2.29M.
- What does corevest mortgage banking — net income mean?
- The total profit or loss generated by the mortgage banking segment after all expenses and taxes.