Company: RWT-PA
Filing Date: 2025-01-15
Form Type: 424B5
Source: 0001104659-25-003632
Chunk: 53

Company: REDWOOD TRUST INC
Filing Date: 2025-01-15
Form: 424B5
Chunk 53
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 in the market for real estate securities and loans; our ability to finance the acquisition
of real estate-related assets with short-term debt; changes in the value of assets we own; the ability of counterparties to satisfy their
obligations to us; our exposure to the discontinuation of LIBOR; our exposure to liquidity risk, risks associated with the use of leverage,
and market risks; changes in the demand from investors for residential and business purpose mortgages and investments, and our ability
to distribute residential and business purpose mortgages through our whole-loan distribution channel; our involvement in securitization
transactions, the profitability of those transactions, and the risks we are exposed to in engaging in securitization transactions; exposure
to claims and litigation, including litigation arising from our involvement in loan origination and securitization transactions; whether
we have sufficient liquid assets to meet short-term needs; our ability to successfully retain or attract key personnel; our ability to
adapt our business model and strategies to changing circumstances; changes in our investment, financing, and hedging strategies and new
risks we may be exposed to if we expand our business activities; our exposure to a disruption of our technology infrastructure and systems;
our failure to maintain appropriate internal controls over financial reporting and disclosure controls and procedures; the impact on
our reputation that could result from our actions or omissions or from those of others; the termination of our captive insurance subsidiary’s
membership in the Federal Home Loan Bank and the implications for our income generating abilities; our failure to comply with applicable
laws and regulations, including our ability to obtain or maintain the governmental licenses; our ability to maintain our status as a
REIT for U.S. federal income tax purposes; limitations imposed on our business due to our REIT status and our status as exempt from registration
under the Investment Company Act of 1940; our common stock may experience price declines, volatility, and poor liquidity, and we may
reduce our dividends in a variety of circumstances; decisions about raising, managing, and distributing capital; our exposure to broad
market fluctuations; and other factors not presently identified.

<div align='center'>3

REDWOOD
TRUST, INC.</div>

Redwood Trust, Inc.,
together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit. Our operating platforms
occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not served
by government programs. We deliver customized