Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 49

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 49
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 only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ GRANT THORNTON LLPSan Francisco, CaliforniaFebruary 28, 2025

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F- 5

REDWOOD TRUST, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Thousands, except Share Data)December 31, 2024December 31, 2023ASSETS (1)Residential consumer loans, held-for-sale, at fair value$1,013,547 $911,192 Residential consumer loans, held-for-investment, at fair value10,064,276 6,139,445 Residential investor loans, held-for-sale, at fair value237,224 180,250 Residential investor loans, held-for-investment, at fair value4,349,866 5,040,048 Consolidated Agency multifamily loans, at fair value424,597 425,285 Real estate securities, at fair value405,223 127,797 Home equity investments, at fair value589,785 550,436 Other investments375,806 343,930 Cash and cash equivalents245,165 293,104 Restricted cash67,762 75,684 Derivative assets46,003 14,212 Goodwill23,373 23,373 Other assets415,717 379,571 Total Assets$18,258,344 $14,504,327 LIABILITIES AND EQUITY (1)LiabilitiesAsset-backed securities issued (includes $12,879,530 and $9,151,263 at fair value), net$13,270,204 $9,811,880 Debt Obligations, net3,462,880 3,239,123 Derivative liabilities23,660 33,828 Accrued expenses and other liabilities313,737 216,803 Total Liabilities17,070,