Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 75

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 In such cases, the level at which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. Our assessment of the significance of a particular input requires judgment and considers factors specific to the asset or liability being measured.Determination of Fair ValueIncluded in Note 6 to the Consolidated Financial Statements of our Annual Report on Form 10-K for the year ended December 31, 2024 is a more detailed description of our financial instruments measured at fair value and their significant inputs, as well as the general classification of such instruments pursuant to the Level 1, Level 2, and Level 3 valuation hierarchy. At September 30, 2025, our valuation policy and processes had not changed from those described in our Annual Report on Form 10-K for the year ended December 31, 2024.The following table presents the assets and liabilities that are reported at fair value on our consolidated balance sheets on a recurring basis at September 30, 2025 and December 31, 2024, as well as the fair value hierarchy of the valuation inputs used to measure fair value.Table 6.1 – Assets and Liabilities Measured at Fair Value on a Recurring BasisSeptember 30, 2025Fair ValueFair Value Measurements Using(In Thousands)Level 1Level 2Level 3AssetsResidential consumer loans$16,783,281 $— $— $16,783,281 Residential investor loans3,755,761 — — 3,755,761 Consolidated Agency multifamily loans— — — — HEI326,223 — — 326,223 Real estate securities:  Trading134,546 — — 134,546   AFS284,372 — — 284,372 Servicing investments282,256 — — 282,256 Strategic investments6,460 — — 6,460 Derivative assets97,948 28,156 35,352 34,440 Total Assets$21,670,847 $28,156 $35,352 $21,607,339 LiabilitiesABS issued$16,610,081 $— $— $16,610,081 Derivative liabilities57,047 48,830 — 8,217 Non-controlling interest78,099 — — 78