Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 92

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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 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 the UPB of residential investor loans recorded on our consolidated balance sheets at September 30, 2025 by collateral/strategy type.Table 8.5 – Residential Investor Loans Collateral/Strategy TypeSeptember 30, 2025Unsecuritized TermSecuritized TermUnsecuritized BridgeSecuritized Bridge(Dollars in Thousands)TermSingle-family rental$106,597 $1,751,988 $— $— Multifamily57,086 499,108 — — BridgeRenovate / Build for Rent ("BFR") (1)— — 196,810 316,490 Single Asset Bridge ("SAB") (2)— — 61,259 488,545 Multifamily (3)— — 300,100 111,901 Third-Party Originated— — 106,871 1,055 Total Residential Investor Loans$163,683 $2,251,096 $665,040 $917,991 (1)Includes loans to finance acquisition and/or stabilization of existing housing stock or to finance new construction of residential properties for rent.(2)Includes loans for light to moderate renovation of residential and small multifamily properties (generally less than 20 units).(3)Includes loans for predominantly light to moderate rehabilitation projects on multifamily properties.

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REDWOOD TRUST, INC.