Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 158

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 158
---
-Investment$424,597 $— (1)For our held-for-investment loans at consolidated Sequoia and CAFL entities, the aggregate tax basis for Federal income tax purposes at December 31, 2024 was zero, as the transfers of these loans into securitizations were treated as sales for tax purposes. (2)Our held-for-investment loans at Freddie Mac SLST and Freddie Mac K-Series entities were consolidated for GAAP purposes. For tax purposes, we acquired real estate securities issued by these entities and therefore, the tax basis in these loans was zero at December 31, 2024. (3)The aggregate tax basis for Federal income tax purposes of our mortgage loans held at Redwood approximates the carrying values, as disclosed in the schedule. (4)For our residential investor bridge loans, the aggregate tax basis for Federal income tax purposes at December 31, 2024 was $1.76 billion.

F- 78

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTE TO SCHEDULE IV - RECONCILIATION OF MORTGAGE LOANS ON REAL ESTATEDecember 31, 2024

The following table summarizes the changes in the carrying amount of mortgage loans on real estate during the years ended December 31, 2024, 2023, and 2022.Years Ended December 31,(In Thousands)202420232022Balance at beginning of year$12,696,220 $11,370,323 $12,856,934 Additions during year:Originations/acquisitions9,133,852 3,639,782 6,589,943 Deductions during year:Sales(2,903,954)(827,337)(4,325,790)Principal repayments(2,895,186)(1,601,190)(2,199,109)Transfers to REO(22,554)(100,280)(8,495)Changes in fair value, net81,132 214,922 (1,543,160)Balance at end of year$16,089,510 $12,696,220 $11,370,323 

F- 79