Thank call. everyone. for afternoon, you third earnings Redwood's Good participating quarter XXXX in
CFO. on me our President the Cochrane Joining call Collin today Redwood's is Robinson, and Dash
first was quarter our quarter team. full as seated third The newly a management
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new company's quarter investments, into $XXX third year the million XX most deployed the in we history. During the
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shareholders. interest internally of forms the externally our long based We in is term will and what and both structures believe we look on in various
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have the the our While of they housing not credit our opinion in challenges to our have sector. quality changed significantly the rising presents industry attention, the foremost rates
quality We continue continue to in see the market, borrowers borrowers the segments potential many and source underserved. investor both occupied and loans from high of we owner to as
included by our addition In Sequoia multifamily investments, reperforming securities collateralized loans mortgage our securities, business of traditional loans. to and activity recent a mortgage purpose mix
loans jumbo have pricing third year challenging will billion currently volume end volume to lower XXXX. $X of This at original of As many continues conditions the trend profitability. a to we XXXX industry $X purchases for quarter, quarter, our the Redwood for these range full lower our the loan towards range XX%. billion focused but end market be record the strong aggressive became of going year-over-year Even third in yielded crisis more around near growth mortgage post on to participants the remain and to margins navigate We volumes expect in we in preserve banking forward.
Additionally we originally banking range. of returns mortgage from expect our forecasted to higher towards be year end our the full platform
midterm taking Washington new and our coming we’ll that the the the yesterday, elections on opportunities with place may arise year. focus Finally, of devote in part
Fannie FHFA finance expect changes retaking of through legislation of of early and to potential CEOs participation at forms a well prospect the primarily for private signs Mac. with could Most downstream Mae new as as significant and next diminishes. Democrats effects the the both increase head significantly. towards the year, new With occurring house, sector These appointments control as have Freddie the point all regulatory housing changes
getting of would look in based agency backed private that With view announced GSE to the and arise discontinuation It the single Redwood recently programs over without these turn be pilot goes also in securitization GSE any see the to they President. risk for of to quarter. now we’ve solutions conforming the may securities We've that, family a conforming developments with that rental Dash sector. seen Robinson, sold part companies originated sponsored the loans more the reform. credit for of fact, dovetailed in recently In already direction loans. positives through shift GSE the like I'll sponsored saying This Redwood’s call first as third FHFAs as capital we GSE through begun by
