Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 90

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 90
---
 the fair value hierarchy based upon fair value determinations using appraisals, broker price opinions, comparable properties or other indications of value.Refer to Note 15 for further information on our REO.

Note 7. Residential Consumer Loans

We acquire residential consumer loans from third-party originators and may sell or securitize these loans and hold a retained portion for investment.The following table summarizes the classifications and carrying values of the securitized and unsecuritized residential consumer loans owned at June 30, 2025 and December 31, 2024.Table 7.1 – Classifications and Carrying Values of Residential Consumer LoansJune 30, 2025Unsecuritized Jumbo LoansSecuritized Jumbo LoansSecuritized Re-Performing Loans(In Thousands)TotalHeld-for-sale at fair value$1,350,782 $— $1,264,049 $2,614,831 Held-for-investment at fair value— 11,587,062 — 11,587,062 Total Residential Consumer Loans$1,350,782 $11,587,062 $1,264,049 $14,201,893 December 31, 2024Unsecuritized Jumbo LoansSecuritized Jumbo LoansSecuritized Re-Performing Loans(In Thousands)TotalHeld-for-sale at fair value$1,013,547 $— $— $1,013,547 Held-for-investment at fair value— 8,819,554 1,244,722 10,064,276 Total Residential Consumer Loans$1,013,547 $8,819,554 $1,244,722 $11,077,823 At June 30, 2025, we owned mortgage servicing rights associated with $1.3 billion (principal balance) of residential consumer loans that were purchased from third-party originators. The value of these MSRs is included in the carrying value of the associated loans on our consolidated balance sheets. We contract with licensed sub-servicers that perform servicing functions for these loans. Refer to Note 16 for further information on our consolidated VIEs.At June 30, 2025, we had $2.3 billion in commitments to fund residential consumer loans. See Note 13 for additional information on these commitments.

23

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED