|Credit Suisse Securities, LCC||Douglas Harter|
|JMP Securities LLC||Steven C. Delaney|
|JP Morgan||Richard Shane|
|Keefe Bruyette & Woods Inc.||Bose T. George|
|Piper Sandler||Kevin Barker|
|Raymond James||Stephen Laws|
|Wells Fargo||Donald Fandetti|
Redwood Trust, Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Redwood Trust, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Redwood Trust, Inc. or its management. Redwood Trust, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.