Redwood Trust Inc. reported growth in profits in the fourth quarter, largely as a result of higher realized gains on the sales of residential securities.
The Mill Valley, Calif.-based company posted net income of $41 million, a 51.8% jump from the fourth quarter of 2014.
Redwood sold $130 million in residential securities in the fourth quarter, which produced realized gains of $20 million and $123 million of capital that it could reinvest after repaying the associated debt, the company noted in its quarterly "http://www.snl.com/Cache/1500081476.PDF?Y=&O=PDF&D=&FID=1500081476&T=&IID=103579
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