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Volume 2017 - Number 10

May 12, 2017

Redwood’s Profit Up on Strong Demand for Jumbos

Redwood Trust posted $37.0 million of net income in the first quarter of 2017, up 45.8 percent from the previous quarter and more than double the net income the real estate investment trust reported for the first quarter of 2016. Income from Redwood’s mortgage-banking activities was boosted by higher loan purchase volume and strong demand in the secondary market for jumbo mortgages. Redwood purchased jumbo mortgages with a total unpaid principal balance of ...

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