Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 78

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 78
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losses) gains, net (1)(17,908)(914)— — (18,822)Total Mortgage banking activities, net27,782 39,604 — — 67,386 Investment fair value changes, net, excluding risk management derivatives1,076 — (41,003)(2,994)(42,921)Risk management derivatives (losses) gains, net (1)— — (1,479)— (1,479)Total Investment fair value changes, net1,076 — (42,482)(2,994)(44,400)HEI income, net— — 35,117 — 35,117 Other income, net— 5,613 10,361 (3,088)12,886 Realized gains, net— — 858 841 1,699 Total non-interest income (loss), net28,858 45,217 3,854 (5,241)72,688 General and administrative expenses (17,171)(44,547)(5,638)(60,939)(128,295)Portfolio management costs— — (14,516)(55)(14,571)Loan acquisition costs(1,266)(5,900)— — (7,166)Other expenses— (12,442)(5,796)2,000 (16,238)(Provision for) Benefit from income taxes(1,659)2,279 (2,946)691 (1,635)Net Income (Loss) (2)$10,052 $(12,575)$113,909 $(113,660)$(2,274)Total Assets$971,535 $293,225 $12,858,272 $381,295 $14,504,327 (1)Represents market valuation changes of derivatives that were used to manage risks associated with our mortgage banking operations and Redwood Investments. For mortgage banking, also includes other derivative financial instruments such as loan purchase commitments and interest rate locks.(2)Net Income (Loss) by segment is also referred to as Segment Contribution.

F- 25

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024Note 4. Segment Information (continued)

Year Ended December 31, 2022(In Thousands