Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 249

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 249
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 observable in accordance with accounting guidance for Collateralized Financing Entities ("CFE"). At June 30, 2025, the fair value of securities we owned at the consolidated Sequoia, CAFL Term, Freddie Mac SLST, and Freddie Mac K-Series was $611 million, $330 million, $257 million and $36 million, respectively. At June 30, 2025, the fair value of our securities in the three CAFL Bridge loan securitizations accounted for under the CFE election and our HEI securitization entities was $38 million and $51 million, respectively.(5)Represents the estimated average duration of outstanding servicer advances at a given point in time (not taking into account new advances made with respect to the pool).(6)Consolidated agency multifamily loans represent securitized financial assets and liabilities of the Company's CFEs.(7)For the purpose of this presentation, derivative assets and liabilities, which consist of loan purchase commitments, are presented on a net basis.(8)Of the total $151 million payable to non-controlling interests, $128 million is measured at fair value on a recurring basis.The following table summarizes the estimated fair values of assets and liabilities that are not measured at fair value at June 30, 2025 and December 31, 2024.Table 6.4 – Carrying Values and Estimated Fair Values of Assets and LiabilitiesJune 30, 2025December 31, 2024Level in Fair Value HierarchyCarryingValueEstimated FairValueCarryingValueEstimated FairValue(In Thousands)AssetsResidential investor loans held-for-sale (1)3$25,233 $25,233 $— $— Cash and cash equivalents1301,979 301,979 245,165 245,165 Restricted cash1146,247 146,247 67,762 67,762 LiabilitiesDebt obligation facilities and other financing2$3,011,683 $3,012,578 $2,818,292 $2,819,393 ABS issued, net3270,814 271,687 390,674 392,344 Convertible notes, net1367,021 368,220 365,739 365,455 Trust preferred securities and subordinated notes, net3138,883 86,490 138,860 93,465 Senior Notes1227,281 229,270 139