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Inside Nonconforming Markets
» 1Q Loss Forces Redwood to Up Liquidity, Tweak Funding
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1Q Loss Forces Redwood to Up Liquidity, Tweak Funding
May 15, 2020
Brandon Ivey
Redwood took a $943 million loss in the first quarter amid volatility from the coronavirus. The REIT laid off about 35% of its employees in April, among other adjustments.
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