Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 98

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 98
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 credit losses— — (921)(921)Total Carrying Value$39,365 $31,867 $140,242 $211,474 September 30, 2025(In Thousands)SeniorMezzanineSubordinateTotalOther third-party securities$— $— $185,983 $185,983 Sequoia securities— — 98,389 98,389 Total Fair Value$— $— $284,372 $284,372 December 31, 2024(In Thousands)SeniorMezzanineSubordinateTotalOther third-party securities$39,365 $28,948 $40,191 $108,504 Multifamily securities— 2,919 8,830 11,749 Sequoia securities— — 91,221 91,221 Total Fair Value$39,365 $31,867 $140,242 $211,474 Gains and losses from the sale of AFS securities are recorded as Realized gains, net, in our consolidated statements of income. During the three and nine months ended September 30, 2025, we recognized net gains of zero and $1.2 million, respectively, on sales of AFS securities. For the three and nine months ended September 30, 2024 we did not sell any AFS securities. During the three and nine months ended September 30, 2025, we had $2 million and $6 million of net unrealized gains on AFS securities, respectively.At September 30, 2025, we had zero AFS securities with contractual maturities less than five years, $5 million AFS securities with contractual maturities greater than five years but less than ten years, and the remainder of our AFS securities had contractual maturities greater than ten years.

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) Note 9. Real Estate Securities - (continued)

AFS Securities with Unrealized LossesThe following table presents the total carrying value (fair value) and unrealized losses of residential AFS securities that were in a gross unrealized loss position at September 30, 2025 and December 31, 2024.Table 9.3 – AFS Securities in Gross Unrealized Loss Position by Holding Periods Less