Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 86

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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,551,389 $4,140,150 Net market valuation gains (losses) recorded102,295 256,034 236,432 152,635 (1)Represents the transfer of loans from held-for-sale to held-for-investment associated with jumbo securitization

25

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) 

Note 8. Residential Investor LoansWe originate and invest in residential investor loans, including term loans and bridge loans. The following table summarizes the classifications and fair values of the securitized and unsecuritized residential investor loans at September 30, 2025 and December 31, 2024.Table 8.1 – Classifications and Fair Values of Residential Investor LoansSeptember 30, 2025Residential Investor TermResidential Investor Bridge(In Thousands)UnsecuritizedSecuritizedUnsecuritizedSecuritizedTotalHeld-for-sale at fair value (1)$157,339 $— $625,932 $— $783,271 Held-for-investment at fair value— 2,143,226 — 931,100 3,074,326 Total Residential Investor Loans$157,339 $2,143,226 $625,932 $931,100 $3,857,597 December 31, 2024Residential Investor TermResidential Investor Bridge(In Thousands)UnsecuritizedSecuritizedUnsecuritizedSecuritizedTotalHeld-for-sale at fair value$158,637 $— $78,587 $— $237,224 Held-for-investment at fair value— 2,485,069 1,041,694 823,103 4,349,866 Total Residential Investor Loans$158,637 $2,485,069 $1,120,281 $823,103 $4,587,090 (1)At September 30, 2025, Residential investor bridge loans held-for-sale include $101 million of loans recorded at the lower of cost or market value for which the carrying value approximates the fair value. Nearly all of the outstanding residential investor term loans at September 30, 2025 were first-lien, fixed-rate loans with original maturities of 5 to 30 years.