Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 236

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 236
---
 banking activities, net, excluding risk management derivatives(22,632)15,354 — — — (7,278)Risk management derivatives gains, net (1)47,028 1,107 — — — 48,135 Total Mortgage banking activities, net24,396 16,461 — — — 40,857 Investment fair value changes, net, excluding risk management derivatives— — (26,958)(74,606)(132)(101,696)Risk management derivatives gains (losses), net (1)— — 17,960 (968)— 16,992 Total Investment fair value changes, net— — (8,998)(75,574)(132)(84,704)HEI income (loss), net— — 126 (13,025)— (12,899)Servicing income, net— — 1,608 — — 1,608 Fee income (loss), net— 2,782 412 (985)— 2,209 Other income (loss), net— 715 394 — (757)352 Realized gains, net— — 640 — — 640 Total non-interest income (loss), net24,396 19,958 (5,818)(89,584)(889)(51,937)General and administrative expenses(7,205)(10,218)(1,528)(57)(17,975)(36,983)Portfolio management costs— — (2,594)(7,434)— (10,028)Loan acquisition costs(1,267)(3,514)— — — (4,781)Other expenses— (2,203)(1,832)— — (4,035)(Provision for) benefit from income taxes(9,289)278 1,567 2,535 347 (4,562)Net Income (Loss) (2)$22,154 $6,135 $11,892 $(103,989)$(34,684)$(98,492)Total Assets$1,689,117 $301,743 $15,982,357 $2,953,731 $406,072 $21,333,020 (1)Represents market valuation changes of derivatives that were used to manage