Redwood Trust is a specialty finance real estate investment trust focused on housing credit that provides liquidity to underserved segments of the U.S. housing market through its mortgage banking operations and investment activities. The company operates primary mortgage banking platforms—Sequoia for residential consumer mortgages and CoreVest for investor loans to rental and multifamily properties—which originate or acquire loans for securitization, whole-loan distribution, or portfolio retention. The company generates income from net interest on its investment portfolio, mortgage banking fees, securitization gains, and fair value adjustments, while serving institutional investors and loan originators who seek access to customized credit investments and loan distribution channels.