Discontinued — last reported Q2 '24
Business Segments · Noninterest Income
Residential Consumer Mortgage Banking — Noninterest Income
Redwood Trust Residential Consumer Mortgage Banking — Noninterest Income decreased by 20.2% to $6.25M in Q2 2024 compared to the prior quarter. Year-over-year, this metric declined by 11.6%, from $7.06M to $6.25M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityVolatile
First reportedQ1 2017
Last reportedQ2 2024Aug 7, 2024
Rolls up toTotal noninterest income
How to read this metric
Higher noninterest income indicates strong mortgage market activity, effective hedging, or successful loan sales.
Detailed definition
Revenue generated by the residential consumer mortgage banking segment from sources other than interest, such as mortgag...
Peer comparison
Comparable to 'fee income' or 'non-interest revenue' at mortgage lenders and banks.
Metric ID:
rwt_segment_residential_consumer_mortgage_banking_noninterest_incomeHistorical Data
12 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $21.27M | $32.95M | $11.51M | $7.94M | -$17.79M | $2.16M | -$13.59M | $4.44M | $7.06M | $8.96M | $7.83M | $6.25M |
| QoQ Change | — | +54.9% | -65.1% | -31.0% | -324.2% | +112.1% | -729.7% | +132.7% | +59.0% | +27.0% | -12.7% | -20.2% |
| YoY Change | — | — | — | — | -183.6% | -93.4% | -218.1% | -44.0% | +139.7% | +315.4% | +76.2% | -11.6% |
Range-$17.79M – $32.95M
CAGR-36.0%
Avg YoY Growth-2.4%
Median YoY Growth-27.8%
Current Streak2 quarters decline
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Redwood Trust's residential consumer mortgage banking — noninterest income?
- Redwood Trust (RWT) reported residential consumer mortgage banking — noninterest income of $6.25M in Q2 2024.
- How has Redwood Trust's residential consumer mortgage banking — noninterest income changed year-over-year?
- Redwood Trust's residential consumer mortgage banking — noninterest income decreased by 11.6% year-over-year, from $7.06M to $6.25M.
- What does residential consumer mortgage banking — noninterest income mean?
- Revenue from fees and gains rather than interest payments in the mortgage banking segment.