Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 89

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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Principal balance of loans originated$228,298 $258,594 $158,584 $286,833 Principal balance of loans acquired (1)530 80,223 3,145 — Principal balance of loans sold to third parties (2)228,741 625,196 206,380 67,655 Transfer of loans between portfolios (3)— 38,179 — (62,386)Nine Months Ended September 30,20252024(In Thousands)Unsecuritized Term LoansUnsecuritized Bridge LoansUnsecuritized Term LoansUnsecuritized Bridge LoansPrincipal balance of loans originated$645,061 $666,494 $493,212 $714,977 Principal balance of loans acquired (1)43,567 105,456 3,793 15,677 Principal balance of loans sold to third parties (2)661,951 1,007,770 464,836 277,170 Transfer of loans between portfolios (3)— 63,554 — (250,319)(1)For the three and nine months ended September 30, 2025 and 2024, balance reflects loans acquired from a loan origination partner, with whom we have a strategic investment, and loan repurchases. See Note 12 for further information.(2)For the three and nine months ended September 30, 2025 and 2024 the principal balance of loans sold to third parties is net of $6 million and $13 million, and $38 million and $34 million, respectively, related to construction draws on residential investor bridge loans sold to our joint ventures. See Note 12 for additional information on these joint ventures.(3)Transfers of unsecuritized residential investor term loans between portfolios represents the transfer of loans from held-for-sale to held-for-investment associated with consolidated term securitizations. Transfers of unsecuritized bridge loans, represents the transfer of residential investor bridge loans from "Unsecuritized Bridge" to "Securitized Bridge" resulting from their inclusion in one of our bridge loan securitizations, which generally have replenishment features for a set period of time from the closing.

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) Note 8. Residential Investor Loans - (continued)

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