Redwood Trust, Inc. · NYSE:RWT
Redwood Trust — Corporate Update (March 2020)
6 slides from Redwood Trust's corporate update, Mar 17, 2020
Slide 1: Company Update Regarding Recent Market Conditions
0 fa Redwood Trust, Inc. Company Update Regarding Recent Market Conditions March 17, 2020
Slide 2: Forward Looking Statements
1 Forward Looking Statements This presentation may contain forward - looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 , including statements relating to : Redwood’s business, operations, and financial condition ; Redwood’s current estimates
Slide 3: Business Update
2 Business Update ▪ The spread of the novel coronavirus has resulted in significant dislocation in the financial markets, including credit spread widening and a sharp decrease in interest rates ▪ We believe we are well - positioned to navigate this unique period of volatility ▪ At March 16, 2020: ▪
Slide 4: Diversified Funding Profile
3 Diversified Funding Profile ▪ We have a diversified mix of financing sources, including a significant portion of long - term secured and unsecured debt ▪ Recourse debt to equity ratio of 3.1x at December 31, 2019 ▪ Recent initiatives continue to improve our funding mix, including replacing $80 mil
Slide 5: Favorable Debt Maturity Schedule
4 Favorable Debt Maturity Schedule 2 (1) Amounts shown in table for residential warehouse and BPL facilities represent total capacity expiring in each period. Secured , unsecured, and FHLB amounts represent current outstanding debt balances. Additionally, we have $1.1 billion of security repo borrow
Slide 6: Focus on Business Continuity
5 Focus on Business Continuity ▪ Our leadership team has taken a coordinated approach to ensuring continuity for our business lines, prioritizing safety and productivity of our employees and our continued ability to serve our customers and operating partners ▪ Implemented two - week, work from home