Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 217

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 217
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 balance (UPB)$842 $155 Fair value of loans (1)$8,819,554 $1,244,722 Weighted average coupon5.35 %4.49 %Delinquency informationUnpaid principal balance of loans with 90+ day delinquencies (2)$19,480 $106,910 Average 90+ days delinquent balance (UPB)$573 $172 Unpaid principal balance of loans in foreclosure$10,493 $41,913 Average foreclosure balance (UPB)$552 $185 (1)The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with the accounting guidance for CFEs.(2)For loans held at consolidated entities, the number and unpaid principal balance of loans 90+ days delinquent includes loans in foreclosure.For securitized jumbo and re-performing loans, market value changes are based on the fair value of the associated ABS issued, including securities we own, pursuant to the measurement alternative provided for collateralized financing entities, and are recorded in Investment fair value changes, net on our consolidated statements of income (loss). The following table provides the activity of securitized jumbo and re-performing residential consumer loans held-for-investment during the three months ended March 31, 2025 and 2024.Table 7.5 – Activity of Residential Consumer Loans Held-for-InvestmentThree Months Ended March 31, 2025Three Months Ended March 31, 2024Securitized Jumbo LoansSecuritized Re-Performing LoansSecuritized Jumbo LoansSecuritized Re-Performing Loans(In Thousands)Principal value of loans transferred from HFS to HFI (1)$1,623,900 N/A$1,187,961 N/ANet market valuation gains (losses) recorded81,684 58,594 (54,808)(4,231)(1)Represents the transfer of loans from held-for-sale to held-for-investment associated with jumbo securitization.

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2025(Unaudited) 

Note 8. Residential Investor Loans

We originate and invest in residential investor loans, including term loans and bridge