Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 78

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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 $— $— $1,013,547 Held-for-investment at fair value— 8,819,554 1,244,722 10,064,276 Total Residential Consumer Loans$1,013,547 $8,819,554 $1,244,722 $11,077,823 At March 31, 2025, we owned mortgage servicing rights associated with $1.3 billion (principal balance) of residential consumer loans that were purchased from third-party originators. The value of these MSRs is included in the carrying value of the associated loans on our consolidated balance sheets. We contract with licensed sub-servicers that perform servicing functions for these loans. Refer to Note 16 for further information on our consolidated VIEs.At March 31, 2025, we had $2.3 billion in commitments to fund residential consumer loans. Included in this balance is a $1 billion loan purchase commitment we executed in the three months ended March 31, 2025 with a large money-center bank to acquire a pool of primarily seasoned jumbo loans. This trade has subsequently settled in the second quarter of 2025. See Note 13 for additional information on these commitments.

19

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2025(Unaudited) Note 7. Residential Consumer Loans - (continued)

Residential Consumer Loans Held-for-SaleThe following table summarizes the characteristics of residential consumer loans held-for-sale at March 31, 2025 and December 31, 2024.Table 7.2 – Characteristics of Residential Consumer Loans Held-for-Sale(Dollars in Thousands)March 31, 2025December 31, 2024Unpaid principal balance ("UPB")$1,273,940 $1,000,663 Fair value of loans$1,294,290 $1,013,547 Market value of loans pledged as collateral under short-term borrowing agreements$1,289,721 $1,005,926 Weighted average coupon6.69 %6.56 %At both March 31, 2025 and December 31, 2024, there were no residential consumer loans held-for-sale that were 90 days or more delinquent or in foreclosure.During the three months ended March 31, 2025 and 2024