Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 86

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 86
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 Measured at Fair Value on a Recurring BasisDecember 31, 2024Fair ValueFair Value Measurements Using(In Thousands)Level 1Level 2Level 3AssetsResidential consumer loans$11,077,823 $— $— $11,077,823 Residential investor loans4,587,090 — — 4,587,090 Consolidated Agency multifamily loans424,597 — — 424,597 Real estate securities:  Trading193,749 — — 193,749   Available-for-sale211,474 — — 211,474 HEI589,785 — — 589,785 Other investments:  Servicer advance investments233,820 — — 233,820   Excess MSRs32,274 — — 32,274   MSRs  31,589 — — 31,589   Strategic investments3,460 — — 3,460 Derivative assets46,003 16,446 23,738 5,819 Total Assets$17,431,664 $16,446 $23,738 $17,391,480 LiabilitiesABS issued$12,879,530 $— $— $12,879,530 Derivative liabilities23,660 23,164 — 496 Non-controlling interest99,510 — — 99,510 Total Liabilities$13,002,700 $23,164 $— $12,979,536 

F- 31

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024Note 6. Fair Value of Financial Instruments - (continued)

December 31, 2023FairValueFair Value Measurements Using(In Thousands)Level 1Level 2Level 3AssetsResidential consumer loans$7,050,637 $— $— $7,050,637 Residential investor loans5,220,297 — — 5,220,297 Consolidated agency multifamily loans425,285 — — 425,285 Real estate securities:Trading40,424 — — 40,424 Available-for-sale87,373 — — 87,