Company: RWT-PA
Filing Date: 2025-11-18
Form Type: 424B5
Source: 0001104659-25-113682
Chunk: 6

Company: REDWOOD TRUST INC
Filing Date: 2025-11-18
Form: 424B5
Chunk 6
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 agencies’ credit rating methodologies;

<div align='center'>S-iii</div>

TABLE OF CONTENTS

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changes in interest rates or mortgage prepayment rates;

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investment and reinvestment risk;

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asset performance, interest rate volatility, changes in credit spreads, and changes in liquidity in the market for real estate securities and loans;

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our ability to finance the acquisition of real estate-related assets with short-term debt;

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the ability of counterparties to satisfy their obligations to us;

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we may enter into new lines of business, acquire other companies, or engage in other new strategic initiatives;

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changes in the demand from investors for residential consumer and residential investor mortgages and investments, and our ability to distribute residential consumer and residential investor mortgages through our whole-loan distribution channels;

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our involvement in loan and home equity investment contracts (“HEI”), origination and securitization transactions, the profitability of those transactions, and the risks we are exposed to in engaging in loan origination or securitization transactions;

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foreclosure activity may expose us to risks associated with real estate ownership and operation;

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exposure to claims and litigation, including litigation arising from loan or HEI origination and securitization transactions;

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acquisitions or new business initiatives may fail to improve our business and could expose us to new or increased risks;

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whether we have sufficient liquid assets to meet short-term needs;

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the impact of tariffs and global trade disruptions on us;

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changes in our investment, financing, and hedging strategies and new risks we may be exposed to if we expand or reorganize;

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our ability to successfully retain or attract key personnel;

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we are dependent on third-party information systems and third-party service providers;

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our exposure to a disruption of our or a third party’s technology infrastructure and systems;

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the impact on our reputation that could result from our actions or omissions or from those of others;

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our failure to maintain appropriate internal controls over financial reporting and disclosure controls and procedures;

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our risk management efforts may not be effective;

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we could be harmed by misconduct or fraud;

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inadvertent errors, system failures or cybersecurity incidents could disrupt our business;

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accounting rules related to certain of our transactions and asset valuations are highly complex and involve significant judgment and assumptions;

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the future realization of our deferred tax assets is uncertain, and the amount of valuation allowance we may apply against our deferred tax assets may change materially in future periods;

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the impact of changes to U.S. federal income tax laws on the