Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 213

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 213
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 consolidated Sequoia, CAFL Term, Freddie Mac SLST, and Freddie Mac K-Series was $533 million, $327 million, $264 million and $36 million, respectively. At March 31, 2025, the fair value of our securities in the two CAFL Bridge loan securitizations accounted for under the CFE election and our HEI securitization entities was $29 million and $50 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 $130 million payable to non-controlling interests, $106 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 March 31, 2025 and December 31, 2024.Table 6.4 – Carrying Values and Estimated Fair Values of Assets and LiabilitiesMarch 31, 2025December 31, 2024Level in Fair Value HierarchyCarryingValueEstimated FairValueCarryingValueEstimated FairValue(In Thousands)AssetsCash and cash equivalents1$259,918 $259,918 $245,165 $245,165 Restricted cash186,557 86,557 67,762 67,762 LiabilitiesDebt obligation facilities and other financing2$3,028,525 $3,029,522 $2,818,292 $2,819,393 ABS issued, net3330,569 332,661 390,674 392,344 Convertible notes, net1366,374 368,369 365,739 365,455 Trust preferred securities and subordinated notes, net3138,871 89,280 138,860 93,465 Senior Notes1226,915 233,134 139,989 146,716 Guarantee obligations (1)32,447 2,836 2,806 3,204 (1)These liabilities are included in Accrued expenses and other liabilities on our consolidated balance  During the three months ended March 31