Company: RWT-PA
Filing Date: 2025-01-16
Form Type: 424B5
Source: 0001104659-25-004099
Chunk: 4

Company: REDWOOD TRUST INC
Filing Date: 2025-01-16
Form: 424B5
Chunk 4
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These forward-looking statements
are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict;
therefore, actual results may differ materially from those expressed or forecasted in any forward-looking statements. The risks and uncertainties
include those described in our most recent Annual Report on Form 10-K filed with the SEC and in our subsequent filings under the
Securities Exchange Act of 1934, as amended, as well as those referenced in “Risk Factors” below. Important factors that
we think could cause our actual results to differ materially from expected results are summarized below. Other factors besides those
listed could also adversely affect us. Any forward-looking statement speaks only as of the date on which it is made, and we undertake
no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
New factors emerge from time to time, and it is not possible for us to predict which factors will arise. In addition, we cannot assess
the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements.

Important factors, among others, that may
affect our actual results include:

| · | general                                                                                        
 economic trends and the performance of the housing, real estate, mortgage finance, and broader 
 financial markets;                                                                             |

| · | changing                                                                             
 benchmark interest rates, and the Federal Reserve’s actions and statements regarding 
 monetary policy;                                                                     |

| · | federal,                                                                                            
 state and local legislative and regulatory developments and the actions of governmental authorities 
 and entities;                                                                                       |

| · | the                                                           
 impact of public health issues such as the COVID-19 pandemic; |

| · | our                              
 ability to compete successfully; |

| · | our                                                                           
 ability to adapt our business model and strategies to changing circumstances; |

| · | our                                                                                        
 use of financial leverage and strategic business and capital deployment decisions we make; |

| · | our                                                         
 exposure to a breach of our cybersecurity or data security; |

| · | our                                                                           
 exposure to credit risk and the timing of credit losses within our portfolio; |

| · | the                                                                                           
 concentration of the credit risks we are exposed to, including due to the structure of assets 
 we hold and the geographical concentration of real estate underlying assets we own, and our   
 exposure to environmental and climate-related risks;                                          |

| · | the