Wall Street wants your home [Business Insider]
Redwood Trust, Inc. (RWT)
Last redwood trust, inc. earnings: 2/27 04:16 pm
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US:NYSE Investor Relations:
redwoodtrust.com/corporateprofile
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Source: Business Insider
Schummer, a 64-year-old jingle writer turned retail manager, had seen the value of his modest ranch-style home near Pensacola, Florida, balloon during the pandemic. Like a lot of homeowners, Schummer was keen to convert some of his theoretical wealth into real cash. His home needed a new roof and floors, and friends sometimes joked that it was "stuck in the '70s," but tapping into the amassed equity seemed difficult. The traditional options all involved taking out additional loans, and Schummer couldn't afford more monthly payments. Then came the letter. It was from a California-based company called Point, which proposed an unorthodox solution: Instead of Schummer borrowing money against the current value of the house, Point offered to pay Schummer a lump sum of cash in exchange for a share of his home's future appreciation. In essence, the company was betting that the price of his house would keep climbing, and it wanted to get in on the action. These kinds of deals, often referre
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RWT
News
- Redwood Trust, Inc. (NYSE: RWT) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $8.00 price target on the stock.MarketBeat
- Redwood Trust Announces Date of First Quarter 2024 Financial Results Webcast and Conference CallBusiness Wire
- Redwood Trust: Why The 10.3% Yielding Preferreds Should Be Considered [Seeking Alpha]Seeking Alpha
- Redwood Trust, Inc. (NYSE: RWT) was downgraded by analysts at Wedbush from an "outperform" rating to a "neutral" rating.MarketBeat
- Redwood Trust, Inc. (NYSE: RWT) had its price target lowered by analysts at Keefe, Bruyette & Woods from $7.75 to $7.25. They now have an "outperform" rating on the stock.MarketBeat
RWT
Earnings
- 2/20/24 - Miss
RWT
Sec Filings
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- RWT's page on the SEC website