Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 139

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 139
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107)4,711 (4,107)4,810 Servicer advance investments(1,353)580 (1,353)(634)Excess MSRs(1,190)(1,217)(1,190)(1,245)Net investments in Sequoia entities (3)(12,569)22,956 (12,569)6,910 Net investments in SLST (re-performing loans) entities (3)29,121 (18,651)29,121 3,730 Net investments in CAFL entities (3)439 1,624 439 10,251 Other investments (4)(13,279)(6,697)(13,279)(2,148)Risk management derivatives, net20,631 (9,931)20,631 4,381 Total investment fair value changes, net(5,188)(25,492)(5,188)21,837 HEI income, NetUnsecuritized HEI7,136 5,121 7,136 6,143 Net investments in HEI securitization entities (3)2,935 1,189 2,935 2,888 Total HEI income, net10,071 6,310 10,071 9,031 Servicing income, netMSRs1,194 3,819 1,194 2,464 Total Servicing income, net (5)1,194 3,819 1,194 2,464 Fee income, netOther— — — (217)Total Fee Income, net— — — (217)Total Market Valuation Gains, Net$33,153 $4,486 $33,153 $44,020 

(1)Represents fair value changes on trading securities that are being used along with risk management derivatives to manage the market risks associated with our Sequoia Mortgage Banking operations.

(2)Mortgage banking activities, net presented above does not include fee income from loan originations or acquisitions, provisions for repurchases, or other expenses that are components of Mortgage banking activities, net presented on our consolidated statements of income, as these amounts do not represent market valuation changes.

(3)Includes changes in fair value of the securitized loans held-for-investment, securitized HEI, REO and the ABS issued at the entities