Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 239

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 239
---
 — — (12,386)Total Mortgage banking activities, net6,245 12,679 — — — 18,924 Investment fair value changes, net, excluding risk management derivatives— — 17,083 (17,079)(1,450)(1,446)Risk management derivatives gains, net (1)— — — 2,544 — 2,544 Total Investment fair value changes, net— — 17,083 (14,535)(1,450)1,098 HEI income, net— — — 15,883 — 15,883 Servicing income, net— — 3,549 — — 3,549 Fee income, net— 1,174 428 61 — 1,663 Other income (loss), net— — 1,038 — (1)1,037 Realized gains, net— — — — — — Total non-interest income (loss), net6,245 13,853 22,098 1,409 (1,451)42,154 General and administrative expenses(4,957)(9,677)(1,349)(88)(17,213)(33,284)Portfolio management costs— — (1,201)(3,642)(21)(4,864)Loan acquisition costs(980)(2,433)(13)(238)— (3,664)Other expenses— (2,203)(2,974)— — (5,177)(Provision for) Benefit from income taxes(1,560)(449)(2,914)— (1)(4,924)Net Income (Loss) (2)$9,923 $595 $38,117 $(723)$(32,378)$15,534 Total Assets$1,106,416 $371,980 $11,420,075 $3,230,928 $361,705 $16,491,104 (1)Represents market valuation changes of derivatives that were used to manage risks associated with our mortgage banking operations and Legacy Investments. For mortgage banking, also includes other derivative financial instruments such as loan purchase commitments and interest rate locks. (2)Net Income (Loss) by segment is also referred to as Segment Contribution.

14

REDWOOD TR