Company: RWT-PA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000930236-25-000029
Chunk: 340

Company: REDWOOD TRUST INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 340
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 K-Series, and Servicing Investments as noted.

Table 10 – Redwood Investments - Detail of Economic Interests(In Thousands)June 30, 2025December 31, 2024Retained Operating InvestmentsResidential consumer securities$137,134 $139,683 Residential consumer securities at consolidated Sequoia entities (1)513,180 367,431 Residential investor securities at consolidated Securitization Term entities (2)330,340 326,074 Securitized residential investor bridge loans, restricted cash and REO1,053,228 840,457 Other investments (3)48,759 57,496 Total Retained Operating Investments$2,082,641 $1,731,141 Third-Party Portfolio InvestmentsResidential securities20,014 109,749 Multifamily securities— 11,749 Multifamily securities at consolidated Freddie Mac K-Series entities (4)35,977 35,163 HEI (5)8,216 2,156 Servicing investments (6)94,232 94,987 Other investments2,983 3,742 Total Third-Party Investments$161,422 $257,546 Total Segment Investments$2,244,063 $1,988,687 

(1)Represents our retained economic investment in securities issued by consolidated Sequoia securitization VIEs. For GAAP purposes, we consolidated $11.59 billion of loans and $10.98 billion of ABS issued associated with these investments at June 30, 2025. We consolidated $8.82 billion of loans and $8.40 billion of ABS issued associated with these investments at December 31, 2024.

(2)Represents our retained economic investment in securities issued by consolidated CAFL Term securitization VIEs. For GAAP purposes, we consolidated $2.27 billion of loans and $1.95 billion of ABS issued associated with these investments at June 30, 2025. We consolidated $2.49 billion of loans and $2.17 billion of ABS issued associated with these investments at December 31, 2024.

(3)Other investments at June 30, 2025 includes net risk share investments of $17 million, representing $19 million of restricted cash and other assets, net of other liabilities of $2 million. 

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