Company: RWT-PA
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000930236-25-000012
Chunk: 44

Company: REDWOOD TRUST INC
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 44
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, securitized through Redwood’s SEMT ® (Sequoia) private-label securitization program, or transferred into the Company’s Redwood Investments portfolio. Redwood does not originate residential consumer mortgage loans for owner-occupied housing and does not generally transact in mortgages guaranteed by Fannie Mae/Freddie Mac or the Federal government. Through its Redwood Investments portfolio segment (described below), Redwood also invests in assets created within or sourced through its Sequoia Mortgage Banking segment, primarily securities retained from securitization transactions.

◦ CoreVest Mortgage Banking . Through its CoreVest Mortgage Banking platform, Redwood originates loans to investors in residential real estate (also referred to as business purpose mortgage loans (“BPLs”)) secured by investor-owned housing (e.g., single-family and multifamily rental housing). These residential investor loans are subsequently sold to whole loan buyers or to one of the joint ventures we have established with co-investors, securitized through the CoreVest’s CAFL ® private-label securitization program, or transferred into the

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Company’s Redwood Investments portfolio We classify residential investor loans as either "term" loans (which include loans with maturities that generally range from 3 to 30 years) or "bridge" loans (which include loans with maturities that generally range between 12 and 36 months). Term loans are mortgage loans secured by residential real estate (primarily 1-4 unit detached or multifamily) that the borrower owns as an investment property and rents to residential tenants. Bridge loans are mortgage loans which are generally secured by unoccupied (or in the case of certain multifamily properties, partially occupied) single-family or multifamily residential real estate that the borrower owns as an investment and that is being renovated, rehabilitated or constructed. Redwood generally distributes most of its term loans through its CAFL ® private-label securitization program, or through whole loan sales, and typically transfers bridge loans to the Company’s Redwood Investments portfolio or as co-investments to joint ventures it has with capital partners, where they may be retained for investment, sold as whole loans or securitized.

◦ Redwood Investments . Redwood Investments is a portfolio of investments that includes assets and investments created and sourced through Redwood’s mortgage banking platforms (including primarily securities retained from our Sequoia and CoreVest securitization activities), residential investor bridge loans, as well as