Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 100

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 100
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— Total Liabilities$(277,126)$— $(277,126)$257,550 $16,231 $(3,345)(1)Amounts presented in these columns are limited in total to the net amount of assets or liabilities presented in the prior column by instrument. In certain cases, we have pledged excess cash collateral or financial assets to a counterparty (which, in certain circumstances, may be a clearinghouse) that exceed the financial liabilities subject to a master netting arrangement or similar agreement. Additionally, in certain cases, counterparties may have pledged excess cash collateral to us that exceeds our corresponding financial assets. In each case, these excess amounts are excluded from the table; they are separately reported in our consolidated balance sheets as assets or liabilities, respectively.(2)Interest rate agreements, TBAs and futures are components of derivative instruments on our consolidated balance sheets. Loan warehouse debt, which is secured by certain Residential consumer and Residential investor loans, is a component of Debt obligations on our consolidated balance sheets.

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2025(Unaudited) 

Note 15. Other Assets and Liabilities

Other AssetsOther assets at March 31, 2025 and December 31, 2024 are summarized in the following table.Table 15.1 – Components of Other Assets(In Thousands)March 31, 2025December 31, 2024Accrued interest receivable$127,071 $115,832 Real estate owned78,544 91,927 Investment receivable40,862 69,793 Deferred tax asset27,145 27,145 Margin receivable23,805 28,313 Intangible assets16,847 19,049 Operating lease right-of-use assets11,183 9,167 Fixed assets and leasehold improvements (1)4,251 4,674 Other (2)38,035 49,817 Total Other Assets$367,743 $415,717 (1)Fixed assets and leasehold improvements had a basis of $17 million and accumulated depreciation of $13 million at March 31, 2025.(2)Consists primarily of receivables related to escrow advances and joint ventures.Real Estate Owned (REO)The Company holds REO at the lower of the current carrying amount or fair value less estimated selling costs. The