Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 68

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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18 — — — (2,408)Total Mortgage banking activities, net28,719 11,413 — — — 40,132 Investment fair value changes, net, excluding risk management derivatives— — (1,682)(4,891)1,512 (5,061)Risk management derivatives (losses) gains, net (1)— — (60)(1,850)— (1,910)Total Investment fair value changes, net— — (1,742)(6,741)1,512 (6,971)HEI income (loss), net— — 745 (291)— 454 Servicing income, net— — 1,416 — — 1,416 Fee income (loss), net— 5,247 270 (938)— 4,579 Other income (loss), net— (928)392 (532)885 (183)Realized gains, net— — — — (48)(48)Total non-interest income (loss), net28,719 15,732 1,081 (8,502)2,349 39,379 General and administrative expenses(7,774)(9,971)(1,599)(23)(19,340)(38,707)Portfolio management costs— — (3,524)(3,426)(31)(6,981)Loan acquisition costs(2,395)(1,804)— (156)— (4,355)Other expenses— (2,011)(3,170)(500)— (5,681)(Provision for) benefit from income taxes(5,464)48 (30)(571)(336)(6,353)Net Income (Loss) (2)$34,319 $3,492 $10,340 $(22,230)$(33,625)$(7,704)Total Assets$2,659,250 $393,790 $16,906,766 $2,305,179 $335,781 $22,600,766 (1)Represents market valuation changes of derivatives that were used to manage risks associated with our mortgage banking operations, Redwood Investments and Legacy Investments. Mortgage banking activities, net, also includes other derivative financial instruments such as loan purchase commitments and interest rate locks. (2