Exhibit
      32.2
    
    Certification
      of Chief Financial Officer pursuant to 18 USC Section
      1350
    as
      adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
      2002
    
    In
      connection with the Quarterly Report of Redwood Trust, Inc. (the “Company”) on
      Form 10-Q for the quarterly period ended March 31, 2007, as filed with the
      Securities and Exchange Commission on the date hereof (the “Report”), I, Martin
      S. Hughes, Chief Financial Officer of the Company, certify, pursuant to 18
      USC
      Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
      of
      2002, that:
    
    (1)
      The
      Report fully complies with the requirements of Section 13(a) or 15(d) of the
      Securities Exchange Act of 1934; and
    
    (2)
      The
      information contained in the Report fairly presents, in all material respects,
      the financial condition and results of operations of the Company.
     
     
    
      
          
            |  | /s/
                Martin S. Hughes 
                 
 Martin
                S. Hughes Chief
                Financial Officer | 
      
     
     
    May
      8,
      2007 
    
    This
      Certification is made solely for the purpose of 18 USC Section 1350, subject
      to
      the knowledge standard contained therein, and not for any other
      purpose.