Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 100

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 100
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 are based on the fair value of the associated ABS issued, including securities we own, pursuant to CFE guidelines. We did not elect to account for two of our CAFL Bridge securitizations under the CFE guidelines but have elected to account for the loans in these securitizations at fair value, and changes in fair value for these loans are recorded through Investment fair value changes, net on our consolidated statements of income (loss). 

F- 41

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024Note 8. Residential Investor Loans - (continued)

Residential Investor Loan CharacteristicsThe following tables summarize the characteristics of the residential investor loans owned at Redwood and at consolidated CAFL entities at December 31, 2024 and 2023.Table 8.4 – Characteristics of Residential Investor Loans December 31, 2024Term at RedwoodTerm at CAFL(1)Bridge at RedwoodBridge at CAFL(Dollars in Thousands)Unpaid principal balance$177,618 $2,639,485 $1,166,213 $810,285 Average UPB of loans$1,759 $3,084 $5,350 $1,605 Fair value of loans$158,637 $2,485,069 $1,120,281 $823,103 Weighted average coupon6.84 %5.35 %9.11 %9.76 %Weighted average remaining loan term (years)9411Market value of loans pledged as collateral under debt facilities$120,417 N/A$1,070,327 N/ADelinquency informationUnpaid principal balance of loans with 90+ day delinquencies (2)$33,065 $194,143 $129,229 $20,964 Average UPB of 90+ days delinquent loans (2)$8,266 $3,734 $8,077 $1,233 Fair value of loans with 90+ day delinquencies (2)$12,366 N/A$102,321 N/AUnpaid principal balance of loans in foreclosure (3)$27,529 $24,648 $86,260 $3,663 Average UPB of loans in foreclosure (3)$27,529 $2,465 $