Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 77

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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Investment fair value changes, net, excluding risk management derivatives— — (49,626)(77,677)(212)(127,515)Risk management derivatives gains (losses), net (1)— — 44,251 (6,628)— 37,623 Total Investment fair value changes, net— — (5,375)(84,305)(212)(89,892)HEI income (loss), net— — 181 (2,914)— (2,733)Servicing income, net— — 5,015 — — 5,015 Fee income (loss), net— 5,861 554 (1,855)— 4,560 Other income (loss), net— 2,397 764 — (1,259)1,902 Realized gains, net— — 1,207 — — 1,207 Total non-interest income (loss), net46,547 35,621 2,346 (89,074)(1,471)(6,031)General and administrative expenses(13,551)(20,815)(2,877)(73)(37,138)(74,454)Portfolio management costs— — (4,654)(11,865)— (16,519)Loan acquisition costs(2,338)(6,011)— — — (8,349)Other expenses— (4,405)(3,539)— — (7,944)(Provision for) benefit from income taxes(16,551)927 1,871 2,535 394 (10,824)Net Income (Loss) (2)$47,970 $9,155 $36,859 $(106,088)$(70,241)$(82,345)Total Assets$1,689,117 $301,743 $15,982,357 $2,953,731 $406,072 $21,333,020 (1)Represents market valuation changes of derivatives that were used to manage risks associated with our mortgage banking operations, Redwood Investments and Legacy Investments. For mortgage banking, also includes other derivative financial instruments such as loan purchase commitments and interest rate locks. (2)Net Income (Loss) by segment is also referred to as Segment Contribution.

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REDWOOD TRUST, INC. AND SUB