Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 279

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 279
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11,262 $91,927 Transfers to REO12,071 1,984 2,088 — 16,143 Liquidations (2)(7,790)— (3,033)(3,515)(14,338)Changes in fair value, net(22,121)— 729 — (21,392)Balance at End of Period$59,838 $1,984 $2,771 $7,747 $72,340 (1)Includes REO that were previously either legacy unsecuritized bridge loans or bridge loans within consolidated securitization entities.(2)For the three and six months ended June 30, 2025, REO market valuation adjustments and liquidations resulted in net valuation losses of $8 million and $21 million, respectively, which were recorded in Investment fair value changes, net on our consolidated statements of income.

43

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS June 30, 2025(Unaudited) Note 15. Other Assets and Liabilities - (continued)

Accrued Expenses and Other LiabilitiesAccrued expenses and other liabilities at June 30, 2025 and December 31, 2024 are summarized in the following table.Table 15.3 – Components of Accrued Expenses and Other Liabilities(In Thousands)June 30, 2025December 31, 2024Payable to non-controlling interests$150,958 $123,258 Margin payable138,685 20,340 Accrued interest payable83,139 70,988 Accrued compensation26,160 34,002 Operating lease liabilities12,344 11,028 Accrued operating expenses13,908 11,074 Accrued taxes payable8,154 — Current accounts payable9,345 6,803 Unsettled trades7,799 5,127 Guarantee obligations2,053 2,806 Repurchase reserve4,305 4,727 Bridge loan holdbacks (1)2,116 2,148 Preferred stock dividends payable1,478 1,478 Other20,213 19,958 Total Accrued Expenses and Other Liabilities$480,657 $313,737 (1)Bridge loan holdbacks represent amounts withheld from the initial