Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 130

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 130
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 MSRs retained from these VIEs and represents estimated losses that would be incurred under severe, hypothetical circumstances, such as if the value of our interests and any associated collateral declines to zero. This does not include, for example, any potential exposure to representation and warranty claims associated with our initial transfer of loans into a securitization. 

Note 16. Asset-Backed Securities Issued

ABS issued represents securities issued by non-recourse securitization entities we consolidate under GAAP. The majority of our ABS issued is carried at fair value under the CFE election (see Note 15 for additional detail), with the remainder carried at amortized cost. The carrying values of ABS issued by our consolidated securitization entities at December 31, 2024 and 2023 along with other selected information, are summarized in the following table.

F- 61

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024Note 16. Asset-Backed Securities Issued - (continued)

Table 16.1 – Asset-Backed Securities IssuedDecember 31, 2024Unpaid Principal BalanceCarrying ValueWeighted Average Interest RateStated MaturitiesNumber of Series(Dollars in Thousands)Sequoia$9,220,157 $8,585,077 2.66% to 8.52% 2028-206354CAFL2,752,657 2,687,977 2.76% to 7.89% 2027-203319Freddie Mac SLST1,075,249 1,005,945 3.50%2028-20292Freddie Mac K-Series393,762 389,434 3.41%20251HEI212,484 211,097 3.96% to 6.71% 2052-20532ABS Issued at Fair Value$13,654,309 $12,879,530 CAFL244,772 244,772 2.31% to 4.38% 20292Freddie Mac SLST148,180 145,902 7.50%20591ABS Issued at Amortized Cost$392,952 $390,674 Total ABS Issued$14,047,261 $13,270,204 December 31, 2023Unpaid Principal