March 2024 Investor Day Recap
Carefully Constructed
A Robust, Organically Grown Investment Portfolio
Our Investment Portfolio consists of investments sourced organically through our Residential and Business Purpose Mortgage Banking operating businesses as well as through other partnerships and third-parties. The organic assets we create are primarily securities retained through our securitization activities, as well as residential and small-balance multifamily bridge loans. Third-party investments include RMBS issued by third-parties (including Agency CRT securities), investments in Freddie Mac K-Series multifamily loan securitizations and reperforming loan securitizations, servicer advance investments, home equity investments (“HEIs”), and other housing-related investments.
Economic Interests1
$3.4 Billion
(1) Reflects our investments held on balance sheet that we directly own and our economic interests in securities we own in securitizations we consolidate in accordance with GAAP (and excludes the assets within these consolidated securitizations that appear on our balance sheet).
Organically Created2 vs. Third-Party Purchased
(2) “Organically Created” refers to investments created through Redwood’s Residential and Business Purpose Mortgage Banking businesses.
Source
Source: Redwood Trust, Inc. data as of December 31, 2023.