Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 84

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 84
---
 at fair value, and changes in fair value for these loans are recorded through Investment fair value changes, net on our consolidated statements of income. 

23

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2025(Unaudited) Note 8. Residential Investor Loans - (continued)

Residential Investor Loan CharacteristicsThe following tables summarize the characteristics of securitized and unsecuritized residential investor loans at March 31, 2025 and December 31, 2024.Table 8.4 – Characteristics of Residential Investor Loans March 31, 2025Unsecuritized TermSecuritized Term(1)Unsecuritized Bridge Securitized Bridge(1)(Dollars in Thousands)Unpaid principal balance$187,001 $2,539,929 $1,172,533 $759,903 Average UPB of loans1,989 3,140 5,479 1,692 Fair value of loans169,372 2,389,804 1,111,276 769,382 Weighted average coupon6.77 %5.35 %9.14 %9.55 %Weighted average remaining loan term (years)10411Market value of loans pledged as collateral under debt facilities$110,136 N/A$1,090,743 N/ADelinquency informationUnpaid principal balance of loans with 90+ day delinquencies (2)$39,865 $212,275 $243,288 $29,083 Average UPB of 90+ days delinquent loans (2)7,973 4,332 13,516 1,531 Fair value of loans with 90+ day delinquencies (2)18,469 N/A202,982 N/AUnpaid principal balance of loans in foreclosure (3)— 59,449 38,225 9,703 Average UPB of loans in foreclosure (3)— 4,246 4,247 1,078 Fair value of loans in foreclosure (3)— N/A27,257 N/ADecember 31, 2024Unsecuritized TermSecuritized Term(1)Unsecuritized BridgeSecuritized Bridge(1)(Dollars in Thousands)Unpaid principal balance$177,618 $2,