Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 111

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 111
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-Performing LoansSecuritized TermTotalBalance at beginning of period $59,838 $1,984 $2,771 $7,747 $72,340 Transfers to REO41,034 — 361 — 41,395 Liquidations (2)(59,224)— (1,036)— (60,260)Changes in fair value, net(5,920)— 176 — (5,744)Balance at End of Period$35,728 $1,984 $2,272 $7,747 $47,731 Nine Months Ended September 30, 2025(In Thousands) Bridge (1)SequoiaSecuritized Re-Performing LoansSecuritized TermTotalBalance at beginning of period $77,678 $— $2,987 $11,262 $91,927 Transfers to REO53,104 1,984 2,449 — 57,537 Liquidations (2)(67,012)— (4,070)(3,515)(74,597)Changes in fair value, net(28,042)— 906 — (27,136)Balance at End of Period$35,728 $1,984 $2,272 $7,747 $47,731 (1)Includes REO that were previously either legacy unsecuritized bridge loans or bridge loans within consolidated securitization entities.(2)For the three and nine months ended September 30, 2025, REO market valuation adjustments and liquidations resulted in net valuation losses of $6 million and $27 million, respectively, which were recorded in Investment fair value changes, net on our consolidated statements of income.

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) Note 15. Other Assets and Liabilities - (continued)

Accrued Expenses and Other LiabilitiesAccrued expenses and other liabilities at September 30, 2025 and December 31, 2024 are summarized in the following table.Table 15.3 – Components of Accrued Expenses and Other Liabilities(In Thousands)September 30, 2025December 31, 2024Payable to non-controlling interests$101,888 $123,258