Redwood Trust to Offer Mortgage Insurance Reimbursement as an Employee Benefit, Encourages Others to Do Same
New, innovative program advances landscape of corporate responsibility while tackling homeownership.
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MILL VALLEY, Calif., April 28, 2021 /PRNewswire/ Redwood Trust, Inc. (NYSE: RWT) today announced the Redwood Employee Home Access Program ( the Redwood Benefit ), a mortgage insurance benefits program for its workforce that supports employees seeking a path to homeownership. Through the program, Redwood is reimbursing all mortgage insurance (MI) costs to help its employees put down roots in areas of their choosing.
As part of this announcement, Redwood CEO Chris Abate encourages other corporate leaders to offer MI support for their employees as part of a standard benefits package, similar to subsidizing health insurance.
Liquid Mortgage Raises Seed Round Funding to Further Develop Its Blockchain Technology for the Future of the Mortgage Industry
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DENVER, April 19, 2021 /PRNewswire/ Liquid Mortgage announced today it has raised capital from and entered into a strategic partnership with Redwood Trust (NYSE: RWT). The capital raise and partnership are the culmination of a months-long engagement, in which Redwood Trust tested Liquid Mortgage s technology and developed an actionable strategy to build a future-ready mortgage ecosystem. The partners share a common mission of utilizing blockchain technology within the current market infrastructure, rather than reinventing the mortgage ecosystem overnight.
Redwood Trust Supports Digitization Of The Mortgage Ecosystem Through Blockchain Technology Investment prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Redwood Trust Provides Company Update And Announces Date Of First Quarter 2021 Financial Results Webcast And Conference Call
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MILL VALLEY, Calif., April 16, 2021 /PRNewswire/ Redwood Trust, Inc. (NYSE: RWT), a leader in expanding access to housing for homebuyers and renters, today announced a business update for the quarter ended March 31, 2021 in advance of its upcoming financial results conference call.
First Quarter Business Update:
Locked $4.6 billion
(1) of residential loans with over 110 discrete sellers; lock mix of 95% Select loans and 5% Choice loans
Originated $384 million of business purpose loans; funding mix of 66% single-family rental loans and 34% bridge loans
Redwood Trust Announces The Appointment Of Faith Schwartz And Armando Falcon To Its Board Of Directors prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.