Redwood Trust Acquires CoreVest American Finance Lender – NMP
Industry News

Redwood Trust Acquires CoreVest American Finance Lender

Oct 14, 2019
Redwood Trust

Redwood Trust Inc. has announced its acquisition of CoreVest American Finance Lender LLC, an originator and portfolio manager of business-purpose residential loans.
 
The acquisition includes the CoreVest operating platform and more than $900 million of related financial assets. Consideration for the acquisition is approximately $490 million, net of in-place financing on the financial assets, and Redwood stated it would fund the transaction with a mix of cash on hand and shares of Redwood stock. CoreVest is being acquired from affiliates of Fortress Investment Group's credit funds business and CoreVest Management Partners LLC.
 
Founded in 2014 and based in Irvine, Calif., CoreVest focuses on the single-family rental (SFR), single-family bridge, and small-balance multifamily loan markets. Since its inception, the company has funded more than $4 billion in loans, including more than $1.1 billion in 2019, year-to-date. It is also an active securitization issuer, having recently completed its ninth SFR securitization since inception.
 
“Integrating the CoreVest operations and suite of products with our own market-leading consumer mortgage banking and securitization platform will create the preeminent specialty finance operator in our industry,” said Christopher Abate, Redwood's CEO.
 
About the author
Phil Hall
Link copied
Published
Oct 14, 2019
Get the NMP Daily
Industry News
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Mortgage lenders received encouraging news Thursday after the latest employment report showed the U.S. labor market cooled more sharply than expected, easing concerns that the Federal Reserve may need to tighten monetary policy further.The U.S. economy added 57,000 nonfarm p...

Continue reading
C-Suite Strategies
Two Harbors Shareholders Approve CrossCountry Mortgage Acquisition

Merger clears a major milestone, with closing expected in August pending the final five state regulatory approvals

CrossCountry Mortgage's acquisition of Two Harbors Investment Corp. moved a significant step closer to completion Thursday after Two Harbors shareholders voted to approve the transaction.The mortgage servicing rights (MSR)-focused real estate investment trust announced that,...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Industry News
Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Industry News
Jul 02, 2026
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Industry News
Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Industry News
Jun 18, 2026
Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Industry News
Jun 18, 2026
Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Industry News
Jun 17, 2026