Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 85

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 85
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— — — (31,903)Ending balance - June 30, 2025$14,201,893 $4,313,935 $423,097 $587,636 $150,498 $114,499 $298,004 $3,460 $13,308 Change in unrealized gains or (losses) for the period included in earnings for assets held at the end of the reporting period (4)$186,838 $(59,577)$2,953 $14,713 $(48,732)$3,960 $(4,575)$— $13,308 LiabilitiesABS IssuedNon-controlling interest(In Thousands)Beginning balance - December 31, 2024$12,879,530 $99,510 Acquisitions3,908,558 — Sales— — Principal paydowns(1,293,470)9,707 Gains (losses) in net income (loss), net219,774 16,926 Other settlements, net— 1,469 Ending balance - June 30, 2025$15,714,392 $127,612 Change in unrealized gains or (losses) for the period included in earnings for liabilities held at the end of the reporting period (4)$150,222 $(6,773)(1)For the purpose of this presentation, derivative assets and liabilities, which consist of loan purchase commitments, are presented on a net basis.(2)In the fourth quarter of 2024, we completed our first CAFL securitization sponsored by our joint venture that we consolidate under GAAP as we are the primary beneficiary. During the six months ended June 30, 2025, we transferred $84 million of residential investor bridge loans to the joint venture under the replenishment feature of this securitization. During the three months ended June 30, 2025, we completed our second CAFL securitization sponsored by our joint venture that we consolidate under GAAP as we are the primary beneficiary, and transferred $222 million of residential investor bridge loans to the joint venture related to this securitization. For additional information on our principles of consolidation, see Note 16 of the Notes to Consolidated Financial Statements, included in Part I, Item 1 of the 2025 Quarterly Report on Form 10-Q.

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REDWOOD TRUST,