Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 8

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 8
---
. 

Table 1 – Net (Loss) Income Three Months EndedNine Months Ended(In Thousands, except per Share Data)September 30, 2025June 30, 2025ChangeSeptember 30, 2025September 30, 2024ChangeNet Interest Income From:Sequoia mortgage banking$21,233 $15,519 $5,714 $55,096 $26,770 $28,326 CoreVest mortgage banking1,498 1,834 (336)5,336 4,167 1,169 Redwood Investments17,582 22,097 (4,515)61,294 74,666 (13,372)Legacy Investments(9,052)(9,449)397 (16,664)9,613 (26,277)Corporate/other(16,267)(16,167)(100)(48,292)(40,215)(8,077)Net Interest Income14,994 13,834 1,160 56,770 75,001 (18,231)Non-Interest IncomeSequoia mortgage banking activities, net28,719 24,396 4,323 75,266 40,787 34,479 CoreVest mortgage banking activities, net11,413 16,461 (5,048)38,776 32,262 6,514 Investment fair value changes, net(6,971)(84,704)77,733 (96,863)10,733 (107,596)HEI income (loss), net454 (12,899)13,353 (2,279)35,696 (37,975)Servicing income1,416 1,608 (192)6,431 8,025 (1,594)Fee income4,579 2,209 2,370 9,139 7,452 1,687 Other income, net(183)352 (535)1,719 1,142 577 Realized gains, net(48)640 (688)1,159 620 539 Total non-interest income (loss), net39,379 (51,937)91,316 33,348 136,717 (103,369)General and administrative expenses(38,707)(36,983)(1