Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 105

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 105
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inois2 %6 %20 %6 %Alabama2 %2 %7 %1 %Florida1 %7 %9 %7 %New York1 %7 %2 %2 %Ohio1 %7 %— %6 %Connecticut— %7 %— %— %Georgia— %6 %19 %7 %Other states (none greater than 5%)55 %29 %25 %26 %Total100 %100 %100 %100 %

F- 44

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024Note 8. Residential Investor Loans - (continued)

 December 31, 2023Geographic Concentration(by Principal Balance)                    Term at RedwoodTerm at CAFLBridge at RedwoodBridge at CAFLFlorida10 %7 %10 %7 %California8 %4 %5 %8 %Texas8 %16 %13 %22 %Georgia5 %5 %18 %13 %New Jersey4 %7 %6 %4 %Tennessee2 %2 %3 %7 %Alabama1 %3 %6 %3 %Connecticut— %8 %2 %2 %New York— %7 %2 %3 %Illinois— %5 %13 %6 %Other states (none greater than 5%)62 %36 %22 %25 %Total100 %100 %100 %100 %

Note 9. Real Estate Securities

We invest in real estate securities that we create and retain from our Sequoia securitizations or acquire from third parties. The following table presents the fair values of our real estate securities by type at December 31, 2024 and 2023.Table 9.1 – Fair Values of Real Estate Securities by Type (In Thousands)December 31, 2024December 31, 2023Trading$193,749 $40,424 Available-for-sale211,474 87,373 Total Real Estate Securities$405,223 $127,797 Our real estate securities include mortgage-backed securities,