Redwood Forms Residential, Commercial Units

Redwood Trust Inc., Mill Valley, Calif., has announced the formation of Redwood Residential Funding Inc. and Redwood Commercial Funding Inc., both wholly owned subsidiaries of Redwood Trust affiliate RWT Holdings Inc. Redwood Residential will set up correspondent loan purchase operations in Marin County, Calif., and will acquire high-quality, jumbo, fixed- and adjustable-rate single-family loans from a network of 200 lenders nationally, Redwood Trust said.Graham Williams, most recently senior vice president for production and risk management at General Electric Capital Mortgage Corp., has been named president of Redwood Residential. Redwood Commercial, Reno, Nev., will originate and service commercial mortgage loans ranging from $500,000 to $5 million. Richard J. C. Taylor, most recently senior vice president of The Money Store's income property division, has been named president of Redwood Commercial. The loans from both Redwood Residential and Redwood Commercial will be aggregated and sold as securities or whole loans to investors and to the Redwood Trust portfolio. Redwood Trust is a real estate investment trust. Its website address is http://www.redwoodtrust.com.