Redwood Trust Inc together with its subsidiaries operates as a specialty finance company in the United States The company operates through three segments Residential Mortgage Banking Business Purpose Mortgage Banking and Investment Portfolio The Residential Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from thirdparty originators for subsequent sale securitization or transfer to its investment portfolio This segment also offers derivative financial instruments to manage risks associated with residential loans The Business Purpose Mortgage Banking segment operates a platform that originates and acquires business purpose loans such as singlefamily rental and bridge loans for subsequent securitization sale or transfer into its investment portfolio The Investment Portfolio segment invests in securities retained from residential and business purpose securitization activities and residential and smallbalance multifamily bridge loans as well as residential mortgagebacked securities issued by third parties Freddie Mac KSeries multifamily loan securitizations and reperforming loan securitizations servicer advance investments home equity investments and other housingrelated investments The company qualifies as a real estate investment trust REIT for federal income tax purposes As a REIT it intends to distribute at least 90 of its taxable income as dividends to shareholders Redwood Trust Inc was incorporated in 1994 and is headquartered in Mill Valley California