Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 314

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 314
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 21,615 482 43,712 47,769 (4,057)Legacy Investments(9,449)1,838 (11,287)(7,611)8,137 (15,748)Corporate/other(16,167)(15,860)(307)(32,026)(26,022)$(6,004)Net Interest Income$13,834 $27,942 $(14,108)$41,776 $49,503 $(7,727)Non-Interest IncomeSequoia mortgage banking activities, net24,396 22,151 2,245 46,547 14,072 32,475 CoreVest mortgage banking activities, net16,461 10,902 5,559 27,363 19,408 7,955 Investment fair value changes, net(84,704)(5,188)(79,516)(89,892)22,935 (112,827)HEI (loss) income, net(12,899)10,166 (23,065)(2,733)24,969 (27,702)Servicing income1,608 3,407 (1,799)5,015 7,774 (2,759)Fee income2,209 2,351 (142)4,560 2,664 1,896 Other income, net352 1,550 (1,198)1,902 262 1,640 Realized gains, net640 567 73 1,207 409 798 Total non-interest (loss) income, net(51,937)45,906 (97,843)(6,031)92,493 (98,524)General and administrative expenses(36,983)(37,471)488 (74,454)(67,853)(6,601)Portfolio management costs(10,028)(6,491)(3,537)(16,519)(8,461)(8,058)Loan acquisition costs(4,781)(3,568)(1,213)(8,349)(5,901)(2,448)Other expenses(4,035)(3,909)(126)(7,944)(8,538)594 Total Operating expenses(55,827)(51,439)(4,388)(107,266)(90,753)(16,513