Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 266

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 266
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ifamily securities— 2,919 8,830 11,749 Sequoia securities— — 91,221 91,221 Total Fair Value$39,365 $31,867 $140,242 $211,474 Gains and losses from the sale of AFS securities are recorded as Realized gains, net, in our consolidated statements of income. During the three and six months ended June 30, 2025, we recognized net gains of $0.6 million and $1 million, respectively, on sales of 

33

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS June 30, 2025(Unaudited) Note 9. Real Estate Securities - (continued)

AFS securities. For the three and six months ended June 30, 2024 we did not sell any AFS securities. During the three and six months ended June 30, 2025, we had $1 million and $4 million of net unrealized gains on AFS securities, respectively.At June 30, 2025, we had $15 million of AFS securities with contractual maturities less than five years, $5 million with contractual maturities greater than five years but less than ten years, and the remainder of our AFS securities had contractual maturities greater than ten years.AFS Securities with Unrealized LossesThe following table presents the total carrying value (fair value) and unrealized losses of residential AFS securities that were in a gross unrealized loss position at June 30, 2025 and December 31, 2024.Table 9.3 – AFS Securities in Gross Unrealized Loss Position by Holding Periods Less Than 12 Consecutive Months12 Consecutive Months or LongerFairValueUnrealizedLossesFairValueUnrealized Losses(In Thousands)June 30, 2025$2,073 $(4)$20,819 $(4,311)December 31, 202430,351 (391)19,817 (5,283)At June 30, 2025, after giving effect to purchases, sales, and extinguishment due to credit losses, our consolidated balance sheets included 64 AFS securities, of which 12 were in an unrealized loss position and 11 were in a continuous unrealized loss position for 12 consecutive months or longer. At December 31,