Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 236

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 236
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 7. Residential Consumer Loans - (continued)

Residential Consumer Loans Held-for-SaleThe following table summarizes the characteristics of residential consumer loans held-for-sale at September 30, 2025 and December 31, 2024.Table 7.2 – Characteristics of Residential Consumer Loans Held-for-SaleSeptember 30, 2025Unsecuritized Jumbo LoansSecuritized Re-Performing Loans (1)(Dollars in Thousands)UPB$2,394,909 $1,447,610 Fair value of loans$2,455,559 $1,248,236 Market value of loans pledged as collateral under short-term borrowing agreements$2,437,510 N/AWeighted average coupon6.84 %4.49 %Delinquency informationUPB of loans with 90+ day delinquencies$439 $97,615 Average 90+ days delinquent balance (UPB)439 167 UPB of loans in foreclosure— 34,709 Average foreclosure balance (UPB)— 187 December 31, 2024Unsecuritized Jumbo Loans(Dollars in Thousands)UPB$1,000,663 Fair value of loans$1,013,547 Market value of loans pledged as collateral under short-term borrowing agreements$1,005,926 Weighted average coupon6.56 %Delinquency informationUPB of loans with 90+ day delinquencies$— Average UPB of 90+ days delinquent loans— UPB of loans in foreclosure— Average foreclosure balance (UPB)— (1)See Note 24 for further discussion.During the three and nine months ended September 30, 2025 and 2024, mortgage banking activities, net were $29 million and $27 million and $75 million and $41 million, respectively, and included changes in fair value of residential consumer loans held-for-sale, loan purchase commitments, and related risk management derivatives in our Sequoia Mortgage Banking segment. See Note 5 for additional information.

23

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) Note 7. Residential Consumer Loans - (continued)

The following table provides the activity of residential consumer loans held-for-sale ("HFS") during the three and nine months ended September 30,