Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 105

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 105
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$191,438 Gross unrealized gains230 668 25,733 26,631 Gross unrealized losses— (51)(5,623)(5,674)Allowance for credit losses— — (921)(921)Total Carrying Value$39,365 $31,867 $140,242 $211,474 June 30, 2025(In Thousands)SeniorMezzanineSubordinateTotalOther third-party securities$— $15,002 $3,895 $18,897 Multifamily securities— — — — Sequoia securities— — 95,602 95,602 Total Fair Value$— $15,002 $99,497 $114,499 December 31, 2024(In Thousands)SeniorMezzanineSubordinateTotalOther third-party securities$39,365 $28,948 $40,191 $108,504 Multifamily 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