Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 106

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 106
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,842 $281,544 $341,326 $14,654,942 Debt Obligation$— $— $— $— $159,031 $— $159,031 Accrued interest payable37,191 9,410 4,062 1,119 359 — 52,141 Accrued expenses and other liabilities103 28,672 — — 27,167 82,921 138,863 Asset-backed securities issued8,585,077 2,932,749 1,151,847 389,434 — 211,097 13,270,204 Total Liabilities$8,622,371 $2,970,831 $1,155,909 $390,553 $186,557 $294,018 $13,620,239 Value of our investments in VIEs (1)$313,833 $438,590 $95,863 $35,163 $94,987 $47,308 $1,025,744 Number of VIEs54 21 3 1 3 2 84 (1)The value of our investments in VIEs, as presented in this table, generally represents the fair value of the economic interests we own in VIEs (i.e., the securities or other interests we legally own in the consolidated securitizations or other VIEs). While most of our VIEs are accounted for under the CFE election (whereby the net equity in the VIE generally represents the fair value of our retained interests and associated accrued interest receivable), certain entities, including two CAFL bridge loan securitizations (included within the CAFL column), our SLST re-securitization (included within the Freddie Mac SLST column), and our Servicing Investment VIEs are not accounted for under the CFE election and their associated ABS issued are accounted for at amortized historical cost. At March 31, 2025 and December 31, 2024, the fair value of our interests in the CAFL term loan securitizations accounted for under the CFE election were $327 million and $326 million, respectively. At both March 31, 2025 and December 31, 2024, the fair value of our interest in the CAFL bridge loan securit