Discontinued — last reported Q1 '24
Business Segments · Interest Expense
Residential Mortgage Banking — Interest Expense
Redwood Trust Residential Mortgage Banking — Interest Expense increased by 71.3% to $8.27M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 20.4%, from $6.87M to $8.27M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2016
Last reportedQ1 2024May 8, 2024
Rolls up toInterest Expense
How to read this metric
An increase suggests higher borrowing costs or increased leverage in the mortgage pipeline, while a decrease may indicate lower debt levels or improved financing rates.
Detailed definition
This represents the interest costs incurred by the residential mortgage banking segment to finance its loan inventory an...
Peer comparison
Standard across mortgage banking peers, often compared as a percentage of average warehouse debt.
Metric ID:
rwt_segment_residential_mortgage_banking_interest_expenseHistorical Data
11 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $7.62M | $7.54M | $7.06M | $6.94M | $8.30M | $8.08M | $9.42M | $6.87M | $1.70M | $4.83M | $8.27M |
| QoQ Change | — | -1.1% | -6.3% | -1.8% | +19.6% | -2.6% | +16.5% | -27.1% | -75.2% | +183.9% | +71.3% |
| YoY Change | — | — | — | — | +8.9% | +7.2% | +33.4% | -1.0% | -79.5% | -40.3% | +20.4% |
Range$1.70M – $9.42M
CAGR+3.3%
Avg YoY Growth-7.3%
Median YoY Growth+7.2%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is Redwood Trust's residential mortgage banking — interest expense?
- Redwood Trust (RWT) reported residential mortgage banking — interest expense of $8.27M in Q1 2024.
- How has Redwood Trust's residential mortgage banking — interest expense changed year-over-year?
- Redwood Trust's residential mortgage banking — interest expense increased by 20.4% year-over-year, from $6.87M to $8.27M.
- What does residential mortgage banking — interest expense mean?
- The total interest costs paid to finance the residential mortgage loan portfolio.