Discontinued — last reported Q3 '24
Residential Consumer Mortgage Banking — Interest Expense
Redwood Trust Residential Consumer Mortgage Banking — Interest Expense increased by 69.0% to $16.77M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 247.5%, from $4.83M to $16.77M. Over 2 years (FY 2021 to FY 2023), Residential Consumer Mortgage Banking — Interest Expense shows a downward trend with a -5.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase often signals higher borrowing costs or increased leverage, while a decrease suggests lower funding costs or reduced debt levels.
Detailed definition
The total interest costs incurred to fund the residential mortgage loan portfolio, primarily consisting of interest paid...
Peer comparison
Commonly reported by financial institutions; comparable to interest expense on warehouse facilities at peer mortgage companies.
rwt_segment_residential_consumer_mortgage_banking_interest_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.74M | $6.74M | $6.74M | $8.18M | $8.18M | $8.18M | $8.18M | $6.87M | $1.70M | $4.83M | $10.72M | $9.92M | $16.77M |
| QoQ Change | — | +0.0% | +0.0% | +21.4% | +0.0% | +0.0% | +0.0% | -16.1% | -75.2% | +183.9% | +122.2% | -7.5% | +69.0% |
| YoY Change | — | — | — | — | +21.4% | +21.4% | +21.4% | -16.1% | -79.2% | -41.0% | +31.0% | +483.6% | +247.5% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Redwood Trust's residential consumer mortgage banking — interest expense?
- Redwood Trust (RWT) reported residential consumer mortgage banking — interest expense of $16.77M in Q3 2024.
- How has Redwood Trust's residential consumer mortgage banking — interest expense changed year-over-year?
- Redwood Trust's residential consumer mortgage banking — interest expense increased by 247.5% year-over-year, from $4.83M to $16.77M.
- What is the long-term trend for Redwood Trust's residential consumer mortgage banking — interest expense?
- Over 2 years (2021 to 2023), Redwood Trust's residential consumer mortgage banking — interest expense has grown at a -5.4% compound annual growth rate (CAGR), from $26.96M to $24.11M.
- What does residential consumer mortgage banking — interest expense mean?
- Total interest paid to finance the residential mortgage loan portfolio.