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Redwood Trust puts red ink in the rearview mirror  

Mill Valley, California-based Redwood Trust Inc. (NYSE: RWT) on Wednesday reported fourth-quarter 2021 net income of $44 million, or $0.34 per diluted share, matching the Zacks consensus EPS estimate for the quarter.

The earnings were off the company’s fourth-quarter 2020 mark of $54.3 million and down from third-quarter 2021 earnings of $88.3 million. Still, the Mill Valley-California real estate investment trust reported net income for the full year of $319.6 million, a major boost compared to a net loss of $582 million recorded in the pandemic-onset year of 2020. The REIT recorded a profit of $169 million details ⇒

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