Financial Performance - The company reported a GAAP EPS of $(0.08) and a GAAP ROE of (3.9)% for Q3 2025[41] - A dividend of $0.18 per share was delivered, resulting in an indicative dividend yield of 12.4%[41] - Non-GAAP Core Segments EAD EPS was $0.20, with a Non-GAAP Core Segments EAD ROE of 16.8%[41] Segment Results - Mortgage Banking (Combined) showed a Non-GAAP EAD ROE of 29%[41] - Redwood Investments had a Non-GAAP EAD ROE of 10%[41] - Legacy Investments had a Non-GAAP EAD ROE of (12%)[41] Volume and Growth - Sequoia's quarterly lock volumes increased by 127% year-over-year[50] - Aspire's quarterly lock volumes increased approximately 4x quarter-over-quarter, reaching $1.245 billion[60] - CoreVest's quarterly funded volume increased by 14% year-over-year, reaching $521 million[67] Capital Allocation and Legacy Investments - Capital allocated to Legacy Investments decreased by 22%[17] - Dispositions of approximately $1 billion of Legacy Assets unlocked $150 million of capital[23] - The company repurchased 5 million common shares[17]