Redwood Trust aims to grow its Aspire platform to a 10% share of the non-QM market by the end of 2026, supported by a newly documented joint venture with Crayhill Capital Management that has potential purchasing power of up to $8 billion of loans. During its second-quarter 2026 earnings call, management reported that Aspire’s lock volume grew more than 30% sequentially and its gain-on-sale margins increased to 101 basis points from 73 basis points, while current market share stands at 5% to 6%. The company exceeded $8 billion of mortgage banking volume for the second straight quarter and completed over 20 securitizations in the first half of the year. Redwood posted a GAAP net loss of $3 million, or $0.03 per share, with consolidated earnings available for distribution of $20 million, or $0.15 per share, and book value per common share of $6.90 at June 30. Management also highlighted progress on its AI-native housing finance platform, which delivered annualized time savings of approximately 23,600 hours and helped reduce direct expenses to 64 basis points as a percentage of volume for the first half of 2026.
CTO Realty Growth Inc
Redwood Trust IncCrayhill Capital Management's joint venture with Redwood Trust has potential purchasing power of up to $8 billion, indicating a significant business relationship.