Is Redwood Deadwood? Jumbo Mortgage REIT Redwood Got Clear-cut

Times are tough for non-GSE firms like Redwood, one of the leading jumbo mortgage companies. Redwood Trust, a REIT, has fallen from around $18 per share in March to just $3.08 today.


Of course, plunging EPS is the primary culprit (loan payment delays, forbearance) are on the rise with growth in US job loss.


A YoY earnings growth rate of -33.3% is devastating.


Redwood is joined by other niche financial companies in hovering around less than $10 per share.


Lumberjacks ready for some more clear-cutting?


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