Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 221

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 221
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 of income. 

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2025(Unaudited) Note 8. Residential Investor Loans - (continued)

Residential Investor Loan CharacteristicsThe following tables summarize the characteristics of securitized and unsecuritized residential investor loans at March 31, 2025 and December 31, 2024.Table 8.4 – Characteristics of Residential Investor Loans March 31, 2025Unsecuritized TermSecuritized Term(1)Unsecuritized Bridge Securitized Bridge(1)(Dollars in Thousands)Unpaid principal balance$187,001 $2,539,929 $1,172,533 $759,903 Average UPB of loans1,989 3,140 5,479 1,692 Fair value of loans169,372 2,389,804 1,111,276 769,382 Weighted average coupon6.77 %5.35 %9.14 %9.55 %Weighted average remaining loan term (years)10411Market value of loans pledged as collateral under debt facilities$110,136 N/A$1,090,743 N/ADelinquency informationUnpaid principal balance of loans with 90+ day delinquencies (2)$39,865 $212,275 $243,288 $29,083 Average UPB of 90+ days delinquent loans (2)7,973 4,332 13,516 1,531 Fair value of loans with 90+ day delinquencies (2)18,469 N/A202,982 N/AUnpaid principal balance of loans in foreclosure (3)— 59,449 38,225 9,703 Average UPB of loans in foreclosure (3)— 4,246 4,247 1,078 Fair value of loans in foreclosure (3)— N/A27,257 N/ADecember 31, 2024Unsecuritized TermSecuritized Term(1)Unsecuritized BridgeSecuritized Bridge(1)(Dollars in Thousands)Unpaid principal balance$177,618 $2,639,485 $1,166,213 $810,285 Average UPB of loans1,759