Redwood Trust, Inc. (RWT) - $18.23 +0.09 (0.50%)
Company DescriptionRedwood Trust, Inc. together with its subsidiaries, invests in, finances, and manages real estate assets. It invests in residential and commercial real estate loans and in asset-backed securities backed by real estate loans.
Why mortgage applications fell in the holiday-shortened week
The MBA Applications Index fell 12.8% after holding steady the week before. Mortgage applications have dropped off a cliff ever since rates began increasing last spring.