Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 84

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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 %Delinquency informationUPB of loans with 90+ day delinquencies$— Average UPB of 90+ days delinquent loans— UPB of loans in foreclosure— Average foreclosure balance (UPB)— (1)See Note 24 for further discussion.During the three and nine months ended September 30, 2025 and 2024, mortgage banking activities, net were $29 million and $27 million and $75 million and $41 million, respectively, and included changes in fair value of residential consumer loans held-for-sale, loan purchase commitments, and related risk management derivatives in our Sequoia Mortgage Banking segment. See Note 5 for additional information.

23

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) Note 7. Residential Consumer Loans - (continued)

The following table provides the activity of residential consumer loans held-for-sale ("HFS") during the three and nine months ended September 30, 2025 and 2024. Table 7.3 – Activity of Residential Consumer Loans Held-for-SaleThree Months Ended September 30,Nine Months Ended September 30,(In Thousands)2025202420252024Principal balance of loans acquired$3,845,429 $1,999,621 $9,158,820 $4,873,608 Principal balance of loans sold861,850 39,497 2,123,601 246,641 Principal balance of loans transferred from HFS to HFI1,878,024 1,528,163 5,551,389 4,140,150 Residential Consumer Loans Held-for-Investment at Fair ValueWe invest in residential subordinate securities issued by Securitized Jumbo and Securitized Re-Performing Loans securitization trusts and consolidate the underlying residential consumer loans owned by these entities for financial reporting purposes in accordance with GAAP. During the nine months ended September 30, 2025 we transferred our Securitized Re-Performing Loans to Held-for-Sale. The following tables summarize the characteristics of the securitized residential consumer loans held-for-investment at September 30, 2025 and December 31, 2024.Table 7.4 – Characteristics of Residential Consumer Loans Held-for-InvestmentSeptember 30, 2025Securitized Jumbo Loans(Dollars in Thousands