Redwood Trust Inc at Credit Suisse Virtual Financial Services Forum (Virtual) Transcript

Feb 25, 2021 / 09:20PM GMT
Douglas Michael Harter - Crédit Suisse AG - Research Division - Director

Great. Thanks, everyone, for joining us. Happy to welcome Redwood Trust to the Crédit Suisse Financial Services conference. And joining us from Redwood is CEO, Chris Abate. Chris, thanks for coming today. I guess, just as we get started, clearly, the move-in rates has clearly been top of mind for everyone. Just talk big picture kind of how this move-in rates and this increase in volatility kind of impacts your outlook?

Christopher J. Abate - Redwood Trust, Inc. - CEO & Director

Sure. Well, thanks for having me. And I think it's been very volatile over the last few trading sessions past few weeks. I think volatility at the end of the day costs money from a hedging perspective. And I think with our residential business where we're managing a pipeline over the course of a few months from the point we lock to the point we distribute, it's definitely something that's a key aspect of our business.

And so we don't -- volatility causes us to reposition and

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