Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 244

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 244
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238 Fair value of loans in foreclosure (3)— N/A17,128 N/A

28

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) Note 8. Residential Investor Loans - (continued)

December 31, 2024Unsecuritized TermSecuritized Term(1)Unsecuritized BridgeSecuritized Bridge(1)(Dollars in Thousands)Unpaid principal balance$177,618 $2,639,485 $1,166,213 $810,285 Average UPB of loans1,759 3,084 5,350 1,605 Fair value of loans158,637 2,485,069 1,120,281 823,103 Weighted average coupon6.84 %5.35 %9.11 %9.76 %Weighted average remaining loan term (years)9411Market value of loans pledged as collateral under debt facilities$120,417 N/A$1,070,327 N/ADelinquency informationUnpaid principal balance of loans with 90+ day delinquencies (2)$33,065 $194,143 $129,229 $20,964 Average UPB of 90+ days delinquent loans (2)8,266 3,734 8,077 1,233 Fair value of loans with 90+ day delinquencies (2)12,366 N/A102,321 N/AUnpaid principal balance of loans in foreclosure (3)27,529 24,648 86,260 3,663 Average UPB of loans in foreclosure (3)27,529 2,465 6,635 916 Fair value of loans in foreclosure (3)8,500 N/A67,858 N/A(1)The fair value of the Term and Bridge loans held by consolidated entities were based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with the accounting guidance for CFEs.(2)The number of loans 90+ days delinquent includes loans in foreclosure.(3)May include loans that are less than 90 days delinquent and loans where foreclosure is being pursued as a disposition strategy.The following table presents