Company: RWT-PA
Filing Date: 2025-03-03
Form Type: S-3ASR
Source: 0001104659-25-019828
Chunk: 0

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: S-3ASR
Chunk 0
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<div align='center'>As filed with the Securities and Exchange Commission on March 3, 2025</div>

Registration No. 333-

<div align='center'>UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

Redwood Trust, Inc.

(Exact name of registrant as specified in its
charter)</div>

| Maryland                       | 68-0329422            |
| (State                         
 or other jurisdiction of       
 incorporation or organization) | -I.R.S. Employer      
 Identification Number |

<div align='center'>One Belvedere Place, Suite 300
Mill Valley, CA 94941
(415) 389-7373
(Address, including zip code, and telephone number,
including area code, of registrant’s principal executive offices)</div>

| Christopher                    
 J. Abate                       
 Chief Executive Officer        
 Redwood Trust, Inc.            
 One Belvedere Place, Suite 300 
 Mill Valley, CA 94941          
 (415) 389-7373                 | Copies                             
 to:                                
 Julian T.H. Kleindorfer, Esq.      
 Lewis W. Kneib, Esq.               
 J. Ross McAloon, Esq.              
 Latham & Watkins LLP               
 355 South Grand Avenue             
 Los Angeles, California 90071-1560 
 (213) 485-1234                     |

<div align='center'>(Name, address, including zip code, and telephone
number,
including area code, of agent for service)</div>

Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this registration statement.

If the only securities being
registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ¨

If any of the securities
being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933,
other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. x

If this Form is filed to
register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list
the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨

If this Form is