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REIT Comments |
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07/27/2010
RWT $16
Redwood Trust RWT traded UP $0.24 per share to close UP +2% day
RWT outperformed Financial Mortgage REITs, UP +9% year to date for 2010
RWT extension of first time homebuyers tax credit to closings through September 2010 may stimulate mortgage originations during 2Q 2010 and 3Q 2010
RWT record low mortgage rates also support mortgage originations
RWT stock supported by yield of 6.4%
RWT a Financial Mortgage REIT with a portfolio of jumbo residential loans
RWT we rank 5 SELL
RWT market cap $1.2 billion
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