Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 251

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 251
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— 11,587,062 Total Residential Consumer Loans$1,350,782 $11,587,062 $1,264,049 $14,201,893 December 31, 2024Unsecuritized Jumbo LoansSecuritized Jumbo LoansSecuritized Re-Performing Loans(In Thousands)TotalHeld-for-sale at fair value$1,013,547 $— $— $1,013,547 Held-for-investment at fair value— 8,819,554 1,244,722 10,064,276 Total Residential Consumer Loans$1,013,547 $8,819,554 $1,244,722 $11,077,823 At June 30, 2025, we owned mortgage servicing rights associated with $1.3 billion (principal balance) of residential consumer loans that were purchased from third-party originators. The value of these MSRs is included in the carrying value of the associated loans on our consolidated balance sheets. We contract with licensed sub-servicers that perform servicing functions for these loans. Refer to Note 16 for further information on our consolidated VIEs.At June 30, 2025, we had $2.3 billion in commitments to fund residential consumer loans. See Note 13 for additional information on these commitments.

23

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

Residential Consumer Loans Held-for-SaleThe following table summarizes the characteristics of residential consumer loans held-for-sale at June 30, 2025 and December 31, 2024.Table 7.2 – Characteristics of Residential Consumer Loans Held-for-SaleJune 30, 2025Unsecuritized Jumbo LoansSecuritized Re-Performing Loans(Dollars in Thousands)Unpaid principal balance ("UPB")$1,333,257 $1,471,356 Fair value of loans$1,350,782 $1,264,049 Market value of loans pledged as collateral under short-term borrowing agreements$1,349,510 N/AWeighted average coupon6.39 %4.49 %Delinquency informationUnpaid principal balance of loans with 90+ day delinquencies (2)$1,479 $