Redwood Trust, Inc (NYSE:RWT) Q3 2022 Earnings Conference Call October 27, 2022 5:00 PM ET

Company Participants

Kaitlyn Mauritz - Senior Vice President of Investor Relations

Chris Abate - Chief Executive Officer and Director

Dash Robinson - President

Brooke Carillo - Chief Financial Officer

Conference Call Participants

Douglas Harter - Credit Suisse

Eric Hagen - BTIG

Steve DeLaney - JMP Securities

Bose George - KBW

Stephen Laws - Raymond James

Operator

Good afternoon, and welcome to the Redwood Trust Inc. Third Quarter 2022 Financial Results Conference Call. Today’s conference is being recorded.

I'll now turn the call over to Kaitlyn Mauritz, Redwood’s Senior Vice President of Investor Relations. Please go ahead, ma’am.

Kaitlyn Mauritz

Thank you, Operator. Hello, everyone, and thank you for joining us today for Redwood’s third quarter 2022 earnings conference call. With me on today’s call are Christopher Abate, Redwood’s Chief Executive Officer; Dash Robinson, President; and Brooke Carillo, Redwood’s Chief Financial Officer.

Before we begin, I want to remind you that certain statements made during management’s presentation today with respect to future financial or business performance may constitute forward-looking statements. Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual results to differ materially.

We encourage you to read the Company’s Annual Report and Form 10-K, which provides a description of some of the factors that could have a material impact on the company's performance and cause actual results to differ from those that may be expressed in forward-looking statements. On this call, we might also refer to both GAAP and non-GAAP financial measures. The non-GAAP financial measures provided should not be utilized in isolation or considered as a substitute for measures of financial performance prepared in accordance with GAAP. A reconciliation between GAAP and non- GAAP financial measures are provided in our third quarter Redwood review, which is available on our website at www.redwoodtrust.com.

Also note that content on today's conference call contains time sensitive information that's only accurate as of today. And we do not intend and undertake no obligation to this information to reflect subsequent events or circumstances. Finally, today's call is being recorded and will be available on our website later today.

I'll now turn the call over to Chris for opening remarks.

Chris Abate

Thanks Kait and welcome everyone to Redwood's third quarter 2022 earnings call. Before I hand it over to Dash and Brooke to discuss our operating results and financial performance, I want to begin by framing the quarter and light up the broader market conditions we've been facing. I'll also comment on how we plan and navigate the myriad challenge facing the mortgage market.