Business
Redwood Trust Announces Closing of Aspire's Inaugural Non-QM Securitization
MILL VALLEY, Calif., March 06, 2026--Redwood Trust, Inc. (NYSE: RWT; "Redwood," the "Company"), a leader in expanding access to housing for homebuyers and renters, today announced the closing of SPIRE 2026-1, the inaugural non-qualified mortgage ("non-QM") securitization issued through Aspire, Redwood’s non-QM mortgage banking platform. The $391 million transaction marks an important milestone in Aspire’s strategy to diversify its funding sources and expand its capital markets platform. Built on
About this update from Redwood Trust, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":238,"url":"https://media.zenfs.com/en/business-wire.com/6017a2a2a9044f37a0344b4361e0b59e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Rn_PZ2pU20n8hSypJ.wTgQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ3NjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/6017a2a2a9044f37a0344b4361e0b59e","width":480,"height":238}},"lazy":false},{"type":"text","content":"MILL VALLEY, Calif., March 06, 2026--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; "Redwood," the "Company"), a leader in expanding access to housing for homebuyers and renters, today announced the closing of SPIRE 2026-1, the inaugural non-qualified mortgage ("non-QM") securitization issued through Aspire, Redwood’s non-QM mortgage banking platform. The $391 million transaction marks an important milestone in Aspire’s strategy to diversify its funding sources and expand its capital markets platform. Built on Redwood’s decades of residential credit experience, Aspire supports a broad seller base and provides competitive pricing, streamlined operations, and a comprehensive suite of non-QM solutions tailored to the evolving needs of borrowers and investors.","length":798,"tagName":"p"},{"type":"text","content":""We are thrilled to officially launch Redwood’s third securitization shelf with Aspire’s inaugural securitization," said Dash Robinson, President of Redwood. "Aspire’s success reflects the strength of Redwood’s reputation as a leading provider of liquidity to the non-agency mortgage market and the quality of Aspire’s product suite. This momentum has been further supported by Aspire’s ability to leverage the longstanding originator relationships, capital markets expertise, and operational infrastructure developed through Redwood’s Sequoia platform, enabling us to scale efficiently and execute with institutional discipline from day one."","length":663,"tagName":"p"},{"type":"text","content":"Since launching in early 2025, Aspire has rapidly become one of the largest and most trusted non-QM correspondent platforms in the market. Over the past year, the platform has locked more than $3 billion in production across DSCR and expanded-credit programs, reflecting strong demand from b...