| | Business Summary | | Redwood
Trust,
Inc.
is
a
real
estate
finance
company
specializing
in
owning,
financing
and
credit-enhancing
high-quality
jumbo
residential
mortgage
loans
nationwide.
As
of
December
31,
2000,
Redwood
had
four
mortgage
portfolios
representing
its
four
product
lines.
The
four
mortgage
portfolios
are
residential
credit-enhancement
portfolio,
residential
retained
portfolio,
investment
portfolio
and
commercial
retained
portfolio.
In
a
manner
analogous
to
the
guarantee
programs
of
Fannie
Mae
and
Freddie
Mac,
Redwood
credit
enhances
pools
of
mortgage
loans
to
enable
their
securitization.
For
its
retained
portfolio,
the
Company
acquires
whole
loans
and
undertakes
the
securitization
of
the
loans
itself.
In
its
investment
portfolio,
the
Company
finances
real
estate
through
acquiring
and
funding
mortgage
securities.
The
Company
finances
its
commercial
portfolio
with
committed
bank
lines,
and
is
seeking
to
diversify
its
funding
sources
through
selling
senior
participations
in
its
loans. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Redwood
Trust,
Inc.
is
a
finance
company
specializing
in
the
mortgage
portfolio
lending
business.
RWT's
primary
business
is
the
acquisition,
financing
and
management
of
residential
mortgage
loans.
For
the
six
months
ended
6/30/01,
revenues
fell
7%
to
$80.4
million.
Net
income
before
accounting
change
applicable
to
Common
totaled
$15.5
million,
up
from
$6.4
million.
Revenues
reflect
decreased
mortgage
loans
held
for
sale.
Net
income
reflects
lower
equity
in
losses
of
RWT
Holdings. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| George Bull, 52
Chairman,
CEO; Chmn. of the Board of Sequoia Mortgage Funding Corp. | $988K | Douglas Hansen, 43
Pres,
Director | 987K | Harold Zagunis, 43
VP,
CFO, Treasurer, Controller, Sec. | 264K | Brett Nicholas, 32
VP | 264K | Andrew Sirkis, 39
VP | 264K | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/r/rwt.gif)