Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 72

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2025(Unaudited) Note 6. Fair Value of Financial Instruments - (continued)

The following table presents additional information about Level 3 assets and liabilities measured at fair value on a recurring basis for the three months ended March 31, 2025.Table 6.2 – Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring BasisAssetsResidential Consumer LoansResidential InvestorLoansConsolidated Agency Multifamily LoansHEIReal Estate Trading SecuritiesReal Estate AFS SecuritiesServicing InvestmentsStrategic InvestmentsDerivatives, net (1)(In Thousands)Beginning balance - December 31, 2024$11,077,823 $4,587,090 $424,597 $589,785 $193,749 $211,474 $297,683 $3,460 $5,323 Acquisitions2,383,197 6,800 — — 8,359 844 — — — Originations— 454,362 — 1,834 — — — — — Sales(423,972)(346,455)— — (2,714)(11,673)— — — Principal paydowns(423,920)(287,639)(2,294)(10,348)(162)(96)1,956 — — Consolidation of securitized bridge loans (2)— 43,383 — — — — — — — Gains (losses) in net income, net139,976 (15,221)1,370 19,048 (27,869)681 (1,349)— 31,254 Unrealized gains in OCI, net— — — — — 3,372 — — — Other settlements, net (3)(846)(2,486)— 67 — — — — (19,770)Ending balance - March 31, 2025$12,752,258 $4,439,834 $423,673 $600,386 $171,363 $204,602 $298,290 $3,460 $16