Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 117

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 117
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 liabilities presented in the prior column by instrument. In certain cases, we have pledged excess cash collateral or financial assets to a counterparty (which, in certain circumstances, may be a clearinghouse) that exceed the financial liabilities subject to a master netting arrangement or similar agreement. Additionally, in certain cases, counterparties may have pledged excess cash collateral to us that exceeds our corresponding financial assets. In each case, these excess amounts are excluded from the table; they are separately reported in our consolidated balance sheets as assets or liabilities, respectively.(2)Interest rate agreements, TBAs and futures are components of derivative instruments on our consolidated balance sheets. Loan warehouse debt, which is secured by certain Residential consumer and Residential investor loans, is a component of Debt obligations on our consolidated balance sheets.

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS June 30, 2025(Unaudited) 

Note 15. Other Assets and Liabilities

Other AssetsOther assets at June 30, 2025 and December 31, 2024 are summarized in the following table.Table 15.1 – Components of Other Assets(In Thousands)June 30, 2025December 31, 2024Accrued interest receivable$130,629 $115,832 Margin receivable81,699 28,313 Real estate owned72,340 91,927 Investment receivable61,259 69,793 Deferred tax asset27,145 27,145 Intangible assets14,645 19,049 Operating lease right-of-use assets10,383 9,167 Fixed assets and leasehold improvements (1)4,919 4,674 Other (2)45,555 49,817 Total Other Assets$448,574 $415,717 (1)Fixed assets and leasehold improvements had a basis of $19 million and accumulated depreciation of $14 million at June 30, 2025.(2)Consists primarily of receivables related to escrow advances, prepaid assets and other receivables.Real Estate Owned (REO)The Company holds REO at the lower of the current carrying amount or fair value less estimated selling costs. The following table summarizes the activity and carrying values of REO assets held at consolidated securitization entities during the three and six months ended June 30, 2025.Table 15.2 – REO ActivityThree Months