Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 90

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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 fair value option for certain securities and classify them as trading securities. Our trading securities generally include both residential and multifamily mortgage-backed interest-only and subordinate securities. Refer to Note 6 for further information on the inputs into the fair valuation of our real estate trading securities. AFS SecuritiesThe following tables present the detail of our AFS securities, by position and collateral type, at March 31, 2025 and December 31, 2024.Table 9.2 – Carrying Value and Fair Value of AFS Securities by TypeMarch 31, 2025(In Thousands)SeniorMezzanineSubordinateTotalAmortized cost$39,106 $29,364 $113,293 $181,763 Gross unrealized gains212 862 27,506 28,580 Gross unrealized losses— (29)(4,858)(4,887)Allowance for credit losses— — (854)(854)Total Carrying Value$39,318 $30,197 $135,087 $204,602 December 31, 2024(In Thousands)SeniorMezzanineSubordinateTotalAmortized cost$39,135 $31,250 $121,053 $191,438 Gross unrealized gains230 668 25,733 26,631 Gross unrealized losses— (51)(5,623)(5,674)Allowance for credit losses— — (921)(921)Total Carrying Value$39,365 $31,867 $140,242 $211,474 

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2025(Unaudited) Note 9. Real Estate Securities - (continued)

March 31, 2025(In Thousands)SeniorMezzanineSubordinateTotalOther third-party securities$39,318 $30,197 $40,535 $110,050 Multifamily securities— — — — Sequoia securities— — 94,552 94,552 Total Fair Value$39,318 $30,197 $135,087 $204,602 December 31, 2024(In Thousands)SeniorMezzanineSubordinateTotalOther third-party securities$39,365 $28,948 $40,191