Redwood Trust Inc (STU:R2V)
€ 4.142 +0.038 (+0.93%) Market Cap: 523.85 Mil Enterprise Value: 26.87 Bil PE Ratio: 0 PB Ratio: 0.70 GF Score: 48/100

Redwood Trust Inc at Credit Suisse Virtual Financial Services Forum (Virtual) Transcript

Feb 25, 2021 / 09:20PM GMT
Release Date Price: €7.9 (-3.66%)
Douglas Michael Harter;dit Suisse AG
CrÃ;Research Division - Director

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Great. Thanks, everyone, for joining us. Happy to welcome Redwood Trust to the Crédit Suisse Financial Services conference. And joining us from Redwood is CEO, Chris Abate. Chris, thanks for coming today. I guess, just as we get started, clearly, the move-in rates has clearly been top of mind for everyone. Just talk big picture kind of how this move-in rates and this increase in volatility kind of impacts your outlook?

Christopher J. Abate
Redwood Trust, Inc. - CEO & Director

Sure. Well, thanks for having me. And I think it's been very volatile over the last few trading sessions past few weeks. I think volatility at the end of the day costs money from a hedging perspective. And I think with our residential business where we're managing a pipeline over the course of a few months from the point we lock to the point we distribute, it's definitely something that's a key aspect of our business.

And so we don't -- volatility causes us to reposition and

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