Discontinued — last reported Q3 '24
Residential Consumer Mortgage Banking — Net Interest Income
Redwood Trust Residential Consumer Mortgage Banking — Net Interest Income decreased by 14.6% to $9.55M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 671.9%, from $1.24M to $9.55M. Over 2 years (FY 2021 to FY 2023), Residential Consumer Mortgage Banking — Net Interest Income shows a downward trend with a -75.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher values indicate better net interest margins and efficient spread management, while lower values suggest margin compression.
Detailed definition
The difference between interest income earned on residential mortgage assets and the interest expense paid on the financ...
Peer comparison
Standard banking metric; comparable to net interest income for mortgage banking divisions of diversified financial firms.
rwt_segment_residential_consumer_mortgage_banking_net_interest_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.63M | $7.18M | $6.36M | $6.03M | $4.90M | $1.80M | $0.00 | -$1.36M | $734.00K | $1.24M | $675.00K | $6.05M | $11.18M | $9.55M |
| QoQ Change | — | +27.5% | -11.4% | -5.1% | -18.7% | -63.3% | -100.0% | — | +154.1% | +68.5% | -45.4% | +795.9% | +84.8% | -14.6% |
| YoY Change | — | — | — | — | -12.9% | -74.9% | -100.0% | -122.5% | -85.0% | -31.2% | — | +545.9% | >999% | +671.9% |
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Frequently Asked Questions
- What is Redwood Trust's residential consumer mortgage banking — net interest income?
- Redwood Trust (RWT) reported residential consumer mortgage banking — net interest income of $9.55M in Q3 2024.
- How has Redwood Trust's residential consumer mortgage banking — net interest income changed year-over-year?
- Redwood Trust's residential consumer mortgage banking — net interest income increased by 671.9% year-over-year, from $1.24M to $9.55M.
- What is the long-term trend for Redwood Trust's residential consumer mortgage banking — net interest income?
- Over 2 years (2021 to 2023), Redwood Trust's residential consumer mortgage banking — net interest income has grown at a -75.8% compound annual growth rate (CAGR), from $21.99M to $1.29M.
- What does residential consumer mortgage banking — net interest income mean?
- The profit earned from the spread between interest income and interest expense.