Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 93

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 93
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paid principal balance of loans with 90+ day delinquencies (2)$19,480 $106,910 Average 90+ days delinquent balance (UPB)$573 $172 Unpaid principal balance of loans in foreclosure$10,493 $41,913 Average foreclosure balance (UPB)$552 $185 (1)The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with the accounting guidance for CFEs, and are recorded in Investment fair value changes, net on our consolidated statements of income (loss). (2)For loans held at consolidated entities, the number and unpaid principal balance of loans 90+ days delinquent includes loans in foreclosure. 

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS June 30, 2025(Unaudited) Note 7. Residential Consumer Loans - (continued)

The following table provides the activity of securitized jumbo residential consumer loans held-for-investment during the three and six months ended June 30, 2025 and 2024.Table 7.5 – Activity of Residential Consumer Loans Held-for-InvestmentThree Months Ended June 30,Six Months Ended June 30,(In Thousands)2025202420252024Principal value of loans transferred from HFS to HFI (1)$2,049,465 $1,424,026 $3,673,365 $2,611,987 Net market valuation gains (losses) recorded52,453 (48,590)134,137 (103,399)(1)Represents the transfer of loans from held-for-sale to held-for-investment associated with jumbo securitization

Note 8. Residential Investor Loans

We originate and invest in residential investor loans, including term loans and bridge loans. As of June 30, 2025, certain residential investor loans were classified as HFS in connection with our ongoing strategic realignment. In the three months ended June 30, 2025, we established Legacy Investments as a new reportable segment, to present financial results for assets that are managed separately based on how the CODM evaluates capital allocation decisions and assesses performance in accordance with our segment reporting framework. As of June 30, 2025, $886 million