Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 94

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 94
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 7.2 – Characteristics of Residential Consumer Loans Held-for-Sale(Dollars in Thousands)December 31, 2024December 31, 2023UPB$1,000,663 $916,877 Fair value of loans$1,013,547 $911,192 Market value of loans pledged as collateral under short-term borrowing agreements$1,005,926 $907,742 Weighted average coupon6.56 %6.25 %At both December 31, 2024 and December 31, 2023, there were no residential consumer loans held-for-sale that were 90 days or more delinquent or in foreclosure. The following table provides the activity of residential Consumer loans held-for-sale during the years ended December 31, 2024 and 2023. Table 7.3 – Activity of Residential Consumer Loans Held-for-SaleYear Ended December 31,(In Thousands)20242023Principal balance of loans acquired$7,043,177 $2,101,161 Principal balance of loans sold1,650,357 270,482 Principal balance of loans transferred from HFS to HFI5,208,677 1,703,442 Net market valuation gains recorded (1)29,448 20,560 (1)Net market valuation gains on residential Consumer loans held-for-sale are recorded primarily through Mortgage banking activities, net on our consolidated statements of income.Residential Consumer Loans Held-for-Investment at Fair ValueWe invest in residential subordinate securities issued by SEMT and Freddie Mac SLST securitization trusts and consolidate the underlying residential consumer loans owned by these entities for financial reporting purposes in accordance with GAAP. The 

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024Note 7. Residential Consumer Loans - (continued)

following tables summarize the characteristics of the residential consumer loans owned at consolidated SEMT and Freddie Mac SLST entities at December 31, 2024 and 2023.Table 7.4 – Characteristics of Residential Consumer Loans Held-for-InvestmentDecember 31, 2024SequoiaFreddie Mac(Dollars in Thousands)SLSTUPB$9,350,286 $1,514,432 Average loan balance (UPB)$842 $155 Fair value of loans (1)$8,819,554 $