Discontinued — last reported Q3 '24
Residential Investor Mortgage Banking — Interest Expense
Redwood Trust Residential Investor Mortgage Banking — Interest Expense decreased by 43.7% to $3.10M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 20.3%, from $3.89M to $3.10M. Over 2 years (FY 2021 to FY 2023), Residential Investor Mortgage Banking — Interest Expense shows an upward trend with a 34.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase often signals higher leverage or rising short-term interest rates, which can compress net interest margins.
Detailed definition
The total interest costs incurred to finance the acquisition and holding of residential investor mortgage loans. This in...
Peer comparison
Commonly reported by mortgage banking firms as interest expense on warehouse facilities.
rwt_segment_residential_investor_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 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.81M | $1.81M | $1.81M | $4.51M | $4.51M | $4.51M | $4.51M | $4.04M | $3.67M | $3.89M | $1.48M | $2.88M | $5.50M | $3.10M |
| QoQ Change | — | +0.0% | +0.0% | +149.5% | +0.0% | +0.0% | +0.0% | -10.5% | -9.0% | +5.9% | -62.0% | +94.5% | +91.3% | -43.7% |
| YoY Change | — | — | — | — | +149.5% | +149.5% | +149.5% | -10.5% | -18.6% | -13.8% | -67.2% | -28.8% | +49.9% | -20.3% |
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Frequently Asked Questions
- What is Redwood Trust's residential investor mortgage banking — interest expense?
- Redwood Trust (RWT) reported residential investor mortgage banking — interest expense of $3.10M in Q3 2024.
- How has Redwood Trust's residential investor mortgage banking — interest expense changed year-over-year?
- Redwood Trust's residential investor mortgage banking — interest expense decreased by 20.3% year-over-year, from $3.89M to $3.10M.
- What is the long-term trend for Redwood Trust's residential investor mortgage banking — interest expense?
- Over 2 years (2021 to 2023), Redwood Trust's residential investor mortgage banking — interest expense has grown at a 34.5% compound annual growth rate (CAGR), from $7.23M to $13.08M.
- What does residential investor mortgage banking — interest expense mean?
- The cost of borrowing money to fund the mortgage loan portfolio.