Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 263

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 263
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30, 2025December 31, 2024Accrued interest receivable$123,213 $115,832 Margin receivable73,082 28,313 Investment receivable58,468 69,793 Real estate owned47,731 91,927 Deferred tax asset27,145 27,145 Intangible assets12,634 19,049 Operating lease right-of-use assets9,736 9,167 Fixed assets and leasehold improvements (1)5,807 4,674 Other (2)40,672 49,817 Total Other Assets$398,488 $415,717 (1)Fixed assets and leasehold improvements had a basis of $20 million and accumulated depreciation of $14 million at September 30, 2025.(2)Consists primarily of receivables related to escrow advances, prepaid assets and other receivables.Real Estate Owned (REO)The Company holds REO at the lower of the current carrying amount or fair value less estimated selling costs. The following table summarizes the activity and carrying values of REO assets held at consolidated securitization entities during the three and nine months ended September 30, 2025.Table 15.2 – REO ActivityThree Months Ended September 30, 2025(In Thousands) Bridge (1)SequoiaSecuritized Re-Performing LoansSecuritized TermTotalBalance at beginning of period $59,838 $1,984 $2,771 $7,747 $72,340 Transfers to REO41,034 — 361 — 41,395 Liquidations (2)(59,224)— (1,036)— (60,260)Changes in fair value, net(5,920)— 176 — (5,744)Balance at End of Period$35,728 $1,984 $2,272 $7,747 $47,731 Nine Months Ended September 30, 2025(In Thousands) Bridge (1)SequoiaSecuritized Re-Performing LoansSecuritized TermTotalBalance at beginning of period $77,678 $— $2,987 $11,262 $91,927 Transfers to REO53,104 1,984 2,449 — 57,537 Liquidations (2