Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 96

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 96
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 million, respectively, and included changes in fair value of residential investor loans held-for-sale, interest rate lock commitments, and related risk management derivatives in our CoreVest Mortgage Banking segment. See Note 5 for additional information. During the three and six months ended June 30, 2025, Fee income, net was $2 million and $5 million, respectively, and primarily included portfolio administration fees earned on term and bridge loans.

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS June 30, 2025(Unaudited) Note 8. Residential Investor Loans - (continued)

The following table provides the activity of unsecuritized residential investor loans during the three and six months ended June 30, 2025 and 2024.Table 8.2 – Activity of Unsecuritized Residential Investor LoansThree Months Ended June 30,20252024(In Thousands)Unsecuritized Term LoansUnsecuritized Bridge LoansUnsecuritized Term LoansUnsecuritized Bridge LoansPrincipal balance of loans originated$228,545 $141,756 $217,538 $234,115 Principal balance of loans acquired (1)36,237 25,233 648 — Principal balance of loans sold to third parties (2)250,795 226,081 252,424 156,294 Transfer of loans between portfolios (3)— 75,994 — (89,202)Six Months Ended June 30,20252024(In Thousands)Unsecuritized Term LoansUnsecuritized Bridge LoansUnsecuritized Term LoansUnsecuritized Bridge LoansPrincipal balance of loans originated$416,763 $407,900 $334,628 $428,144 Principal balance of loans acquired (1)43,037 25,233 648 15,677 Principal balance of loans sold to third parties (2)433,210 382,574 258,456 209,515 Transfer of loans between portfolios (3)— 25,375 — (187,933)(1)For the three and six months ended June 30, 2025 and 2024, balance reflects loans acquired from a loan origination partner and loan repurchases.(2)For the three and six months ended June 30, 2025 and 2024 the principal balance of loans sold to third parties is net of $16