Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 250

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 250
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 for further discussion on this transaction.

32

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) Note 9. Real Estate Securities - (continued)

The following tables present the detail of our AFS securities, by position and collateral type, at September 30, 2025 and December 31, 2024.Table 9.2 – Carrying Value and Fair Value of AFS Securities by Type September 30, 2025(In Thousands)SeniorMezzanineSubordinateTotalAmortized cost$— $— $259,915 $259,915 Gross unrealized gains— — 29,104 29,104 Gross unrealized losses— — (3,852)(3,852)Allowance for credit losses— — (795)(795)Total Carrying Value$— $— $284,372 $284,372 December 31, 2024(In Thousands)SeniorMezzanineSubordinateTotalAmortized cost$39,135 $31,250 $121,053 $191,438 Gross unrealized gains230 668 25,733 26,631 Gross unrealized losses— (51)(5,623)(5,674)Allowance for credit losses— — (921)(921)Total Carrying Value$39,365 $31,867 $140,242 $211,474 September 30, 2025(In Thousands)SeniorMezzanineSubordinateTotalOther third-party securities$— $— $185,983 $185,983 Sequoia securities— — 98,389 98,389 Total Fair Value$— $— $284,372 $284,372 December 31, 2024(In Thousands)SeniorMezzanineSubordinateTotalOther third-party securities$39,365 $28,948 $40,191 $108,504 Multifamily securities— 2,919 8,830 11,749 Sequoia securities— — 91,221 91,221 Total Fair Value$39,365 $31,867 $140,242 $211,474 Gains and losses from the sale of AFS securities are recorded as Realized