Redwood Trust, Inc.

Redwood Trust buys residential mortgages from loan originators, then packages them into securities (a process called securitization) and sells them to investors, or keeps them in its own investment portfolio. The company operates through two main mortgage banking platforms: Sequoia, which handles mortgages for homebuyers, and CoreVest, which originates loans for real estate investors. Redwood also holds investments in mortgage-backed securities, particularly from its own securitizations, betting on how housing credit will perform. The company is working through a portfolio of older assets that...