Redwood Trust (RWT) reported a second-quarter 2026 GAAP net loss of $2.9 million, or $0.03 per basic and diluted common share, for the quarter ended June 30, 2026. GAAP book value per common share was $6.90, compared with $7.12 at March 31, 2026.
The company said mortgage banking production exceeded $8 billion for the second consecutive quarter. Total Mortgage Banking platforms GAAP net income was $40.1 million, up 9% from the first quarter of 2026.
- Quarter ended June 30, 2026
- GAAP net loss was $2.9 million
- GAAP loss was $0.03 per basic and diluted common share
- Mortgage banking production exceeded $8 billion
- GAAP book value per common share was $6.90 at June 30, 2026
- Regular quarterly dividend was $0.18 per common share
- Unrestricted cash and cash equivalents were $192 million at June 30, 2026
