RWT - Mergers and acquisitions

Acquisition Provides Further Scale to CoreVest's Market Leading Position in Business Purpose Lending Redwood Trust, Inc. (NYSE:RWT, "Redwood" or the "Company"))), a leader in expanding access to housing for homebuyers and renters, today announced that it has completed the previously announced acquisition of Riverbend Funding, LLC and its subsidiaries ("Riverbend"), a best-in-class private mortgage lender to residential transitional and commercial real estate investors, in an all cash transaction. The acquisition was initially announced on April 28, 2022. The addition of Riverbend complements Redwood's existing business purpose mortgage banking platform, CoreVest American Finance Lender, L

Acquisition Provides Further Scale to CoreVest's Market Leading Position in Business Purpose Lending Redwood Trust, Inc. (NYSE:RWT, "Redwood" or the "Company"))), a leader in expanding access to housing for homebuyers and renters, today announced that it has entered into a definitive agreement to acquire Riverbend Funding, LLC and its subsidiaries ("Riverbend"), a best-in-class private mortgage lender to residential transitional and commercial real estate investors, in an all cash transaction. The addition of Riverbend complements Redwood's existing business purpose mortgage banking platform, CoreVest American Finance Lender, LLC ("CoreVest"), enhancing CoreVest's suite of products, geogra

Redwood Trust, Inc. (NYSE:RWT, "Redwood" or the "Company"))), a leader in expanding access to housing for homebuyers and renters, today announced that Redwood Residential, its residential mortgage banking platform, has launched new expanded product offerings through its Choice program as well as a new product geared towards addressing the growing cohort of self-employed borrowers. Loans for self-employed borrowers will be uniquely structured to meet the Consumer Financial Protection Bureau's ("CFPB") Qualified Mortgage ("QM") definition. "Redwood has a long and successful history of innovating and providing residential products that address the evolving needs of homeowners," said Fred Mate

MILL VALLEY, Calif., Sept. 20, 2021 /PRNewswire/ -- Redwood Trust, Inc. (NYSE:RWT), a leader in expanding access to housing for homebuyers and renters, today announced the pricing of CoreVest's inaugural securitization of bridge loans on transitional housing assets, as well as strategic progress in expanding its correspondent channel for business purpose loans.    The securitization, CAFL 2021-RTL1, had an initial principal balance of $270 million and represents interest in a pool of loans secured by transitional single family, two to four family, multifamily, condominium and