Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 252

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 252
---
99,420 Average 90+ days delinquent balance (UPB)740 171 Unpaid principal balance of loans in foreclosure— 36,626 Average foreclosure balance (UPB)— 176 December 31, 2024Unsecuritized Jumbo Loans(Dollars in Thousands)Unpaid principal balance ("UPB")$1,000,663 Fair value of loans$1,013,547 Market value of loans pledged as collateral under short-term borrowing agreements$1,005,926 Weighted average coupon6.56 %Delinquency informationUnpaid principal balance of loans with 90+ day delinquencies$— Average UPB of 90+ days delinquent loans— Unpaid principal balance of loans in foreclosure— Average foreclosure balance (UPB)— During the three and six months ended June 30, 2025 and 2024, mortgage banking activities, net were $24 million and $6 million and $47 million and $14 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.The following table provides the activity of residential consumer loans held-for-sale ("HFS") during the three and six months ended June 30, 2025 and 2024. Table 7.3 – Activity of Residential Consumer Loans Held-for-SaleThree Months Ended June 30,Six Months Ended June 30,(In Thousands)2025202420252024Principal balance of loans acquired$2,976,206 $1,874,201 $5,313,391 $2,873,987 Principal balance of loans sold841,238 5,563 1,261,751 207,144 Principal balance of loans transferred from HFS to HFI2,049,465 1,424,026 3,673,365 2,611,987 

24

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

Residential Consumer Loans Held-for-Investment at Fair ValueWe invest in residential subordinate securities issued by Securitized Jumbo and Securitized Re-Performing Loans securitization trusts and consolidate the underlying residential consumer loans