Redwood Trust, Inc. Announces Retirement of Mariann Byerwalter as Board of Directors
April 27, 2020 at 04:23 pm EDT
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Redwood Trust, Inc. announced on April 9, 2020, Ms. Mariann Byerwalter retiring from the board of directors, effective as of the 2020 Annual Meeting of Stockholders, and will not stand for reelection at the 2020 Annual Meeting.
Redwood Trust, Inc. is a specialty finance company focused on several distinct areas of housing credit. The Company's segments include Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale to whole loan buyers, securitization through its SEMT (Sequoia) private-label securitization program, or transfer into its investment portfolio. The Residential Investor Mortgage Banking segment consists of a platform that originates business purpose lending loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment consists of organic investments sourced through the Company's mortgage banking operations. Additionally, through RWT Horizons, its venture investing initiative, the Company invests in early-stage companies.