March 17, 2020 / 1:28 PM / 12 days ago

BRIEF-Redwood Trust Says Its Well Positioned To Navigate Period Of Volatility Due To Coronavirus

March 17 (Reuters) - Redwood Trust Inc:

* REDWOOD TRUST - WELL - POSITIONED TO NAVIGATE PERIOD OF VOLATILITY DUE TO CORONAVIRUS

* REDWOOD TRUST INC - AS RESULT OF RECENT FINANCIAL VOLATILITY, WE ESTIMATE OUR CURRENT BOOK VALUE IS DOWN APPROXIMATELY 5% SINCE DECEMBER 31, 2019

* REDWOOD TRUST - HAVE NOT OBSERVED ANY SIGNIFICANT DISRUPTION TO DATE IN OUR BUSINESS PERTAINING TO MORTGAGE SERVICING OR DISTRIBUTION DUE TO COVID 19

* REDWOOD TRUST - IMPLEMENTED 2 - WEEK, WORK FROM HOME POLICY BEGINNING MAR 16 , WITH ABILITY TO EXTEND ON RECOMMENDATION FROM GOVERNMENT OFFICIALS Source: (bit.ly/2U8pPQA) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below