Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 119

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 119
---
quoiaFreddie Mac SLSTTerm at CAFLTotalBalance at beginning of year$87,757 $— $3,158 $2,684 $93,599 Transfers to REO11,085 — 2,887 8,582 22,554 Liquidations (2)(4,953)— (3,557)(4)(8,514)Changes in fair value, net (2)(16,211)— 499 — (15,712)Balance at End of Year$77,678 $— $2,987 $11,262 $91,927 Year Ended December 31, 2023(In Thousands)Bridge (1)SequoiaFreddie Mac SLSTTerm at CAFLTotalBalance at beginning of year$3,012 $544 $2,899 $— $6,455 Transfers to REO94,022 18 3,556 2,684 100,280 Liquidations (2)(6,752)(562)(3,577)— (10,891)Changes in fair value, net (2)(2,525)— 280 — (2,245)Balance at End of Year$87,757 $— $3,158 $2,684 $93,599 (1)Includes REO held at Redwood and within consolidated CAFL Bridge securitization entities.

F- 55

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024Note 14. Other Assets and Liabilities - (continued)

(2)For the years ended December 31, 2024 and 2023, REO market valuation adjustments and liquidations resulted in net valuation losses of $16 million and $2 million, respectively, which were recorded in Investment fair value changes, net on our consolidated statements of income.Intangible AssetsThe table below presents the amortization period and carrying value of our intangible assets, net of accumulated amortization at December 31, 2024 and 2023.Table 14.3 – Intangible Assets – ActivityIntangible Assets at AcquisitionAccumulated Amortization at December 31, 2024Carrying Value at December 31, 2024Weighted Average Amortization Period (in years)(Dollars in Thousands)Borrow