Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 342

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 342
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 following table sets forth activity in our real estate securities portfolio for the three and six months ended June 30, 2025. This table includes both our securities held on balance sheet and our economic interest in securities we own in securitizations we consolidate in accordance with GAAP.

Table 11 – Activity of Real Estate Securities Owned at Redwood and in Consolidated EntitiesThree Months Ended June 30, 2025Retained Operating InvestmentsThird-Party Portfolio InvestmentsTotalSequoia Securities on Balance SheetConsolidated Sequoia SecuritiesConsolidated CAFL SecuritiesConsolidated Multifamily SecuritiesOther Third-Party Securities(In Thousands)Beginning fair value$138,715 $532,910 $327,324 $35,563 $237,250 $1,271,762 Acquisitions— 110,695 — — 12,884 123,579 Sales— — — — (100,894)(100,894)Gains on sales and calls, net— — — — 639 639 Effect of principal payments (1)(95)(2,449)— — (132)(2,676)Change in fair value, net(1,486)(30,619)3,016 414 (21,884)(50,559)Ending Fair Value (2)$137,134 $610,537 $330,340 $35,977 $127,863 $1,241,851 

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For the Six Months Ended June 30, 2025Retained Operating InvestmentsThird-Party Portfolio InvestmentsTotalSequoia Securities on Balance SheetConsolidated Sequoia SecuritiesConsolidated CAFL SecuritiesConsolidated Multifamily SecuritiesOther Third-Party Securities(In Thousands)Beginning fair value$139,683 $418,908 $326,074 $35,163 $265,540 $1,185,368 Acquisitions— 249,053 — — 22,087 271,140 Sales— — — — (115,281)(115,281)Gains on sales and calls, net— — — — 1,206 1,206 Effect of principal payments (1)(171)(4,915)— — (258)(5,344)Change in fair value, net(2,378)(52,509)4,266