Mortgage Companies Redwood Trust and Angel Oak Mortgage Get Hammered
Posted on 08/12/2022
The Federal Reserve’s increase of interest rates is impacting listed mortgage companies. Redwood Trust Inc., a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans. Redwood Trust reported a second quarter 2022 net loss of US$ 100 million versus a net gain of US$ 31…
