Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 91

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 91
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 FINANCIAL STATEMENTS June 30, 2025(Unaudited) Note 7. Residential Consumer Loans - (continued)

Residential Consumer Loans Held-for-SaleThe following table summarizes the characteristics of residential consumer loans held-for-sale at June 30, 2025 and December 31, 2024.Table 7.2 – Characteristics of Residential Consumer Loans Held-for-SaleJune 30, 2025Unsecuritized Jumbo LoansSecuritized Re-Performing Loans(Dollars in Thousands)Unpaid principal balance ("UPB")$1,333,257 $1,471,356 Fair value of loans$1,350,782 $1,264,049 Market value of loans pledged as collateral under short-term borrowing agreements$1,349,510 N/AWeighted average coupon6.39 %4.49 %Delinquency informationUnpaid principal balance of loans with 90+ day delinquencies (2)$1,479 $99,420 Average 90+ days delinquent balance (UPB)740 171 Unpaid principal balance of loans in foreclosure— 36,626 Average foreclosure balance (UPB)— 176 December 31, 2024Unsecuritized Jumbo Loans(Dollars in Thousands)Unpaid principal balance ("UPB")$1,000,663 Fair value of loans$1,013,547 Market value of loans pledged as collateral under short-term borrowing agreements$1,005,926 Weighted average coupon6.56 %Delinquency informationUnpaid principal balance of loans with 90+ day delinquencies$— Average UPB of 90+ days delinquent loans— Unpaid principal balance of loans in foreclosure— Average foreclosure balance (UPB)— During the three and six months ended June 30, 2025 and 2024, mortgage banking activities, net were $24 million and $6 million and $47 million and $14 million, respectively, and included changes in fair value of residential consumer loans held-for-sale, loan purchase commitments, and related risk management derivatives in our Sequoia Mortgage Banking segment. See Note 5 for additional information.The following table provides the activity of residential consumer loans held-for-sale ("HFS") during the three and six months ended June 30, 2025 and 2024. Table 7.3 – Activity of Residential Consumer Loans Held-for-S