Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 258

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 258
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 on the fair value of the associated ABS issued, including securities we own, pursuant to CFE guidelines, and are recorded through Investment fair value changes, net on our consolidated statements of income (loss). We did not elect to account for three of our Bridge securitizations under the CFE guidelines, but have elected to account for the loans in these securitizations at fair value, and changes in fair value for these loans are recorded through Investment fair value changes, net on our consolidated statements of income. See further discussion in Note 16.

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

Residential Investor Loan CharacteristicsThe following table provides the activity of securitized residential investor loans held-for-investment during the three and six months ended June 30, 2025 and 2024. Table 8.3 – Activity of Securitized Residential Investor Loans Held-for-InvestmentThree Months Ended June 30,20252024(In Thousands)Securitized TermSecuritized BridgeSecuritized TermSecuritized BridgeNet market valuation gains (losses) recorded $14,122 $(4,591)$3,530 $(4,870)Fair value of loans transferred to HFI— 75,994 — 89,202 Six Months Ended June 30,20252024(In Thousands)Securitized TermSecuritized BridgeSecuritized TermSecuritized BridgeNet market valuation gains (losses) recorded$14,053 $(8,285)$11,113 $(1,180)Fair value of loans transferred to HFI— 126,613 — 187,933 The following tables summarize the characteristics of securitized and unsecuritized residential investor loans at June 30, 2025 and December 31, 2024.Table 8.4 – Characteristics of Residential Investor Loans June 30, 2025Unsecuritized TermSecuritized Term(1)Unsecuritized Bridge Securitized Bridge(1)(Dollars in Thousands)Unpaid principal balance$200,916 $2,399,197 $1,056,296 $928,171 Average UPB of loans2,208 2,809 4,959 1,351 Fair value of loans174,808 2,