Corevest finance ’s strategic focus on

CoreVest Finance’s strategic focus on non-owner-occupied residential loans has increased market share in the investor housing segment. Industry forecasts imply this niche will grow 4–5% annually through As we said in the third quarter, we still anticipate recovering a portion of the associated interest with bridge non-accrual loans. Overall NII is expected to trend higher beginning in the first quarter. While GAAP earnings improved in the fourth quarter, the net effects of the common dividend and equity issuance cost book value per share to decline 1.5% from the third quarter to $8.64. Importantly, we achieved a positive total economic return of 0.3% for the fourth quarter. Earnings available for distribution, or EAD, was $7.1 million or $0.05 per basic common share for the fourth quarter as compared to $12.6 million or $0.10 per share in the third quarter. The decrease in EAD was primarily due to lower income from mortgage banking activities on the quarter. Redwood Trust announced Monday that it is acquiring CoreVest American Finance Lender , the real estate investment lender formerly known as Colony American Finance for $490 million. Trading volumes in CoreVest Finance have increased 12% month-over-month, pointing to heightened investor attention. Pairing this with solid pipeline figures suggests upcoming upswings in quarterly EPS.