Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 243

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 243
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 Loans Held-for-InvestmentThree Months Ended September 30,20252024(In Thousands)Securitized TermSecuritized BridgeSecuritized TermSecuritized BridgeNet market valuation gains (losses) recorded $20,614 $6,384 $78,275 $1,623 Fair value of loans transferred to HFI— 38,179 — 62,386 Nine Months Ended September 30,20252024(In Thousands)Securitized TermSecuritized BridgeSecuritized TermSecuritized BridgeNet market valuation gains (losses) recorded$34,667 $(1,901)$89,388 $443 Fair value of loans transferred to HFI— 164,792 — 250,319 The following tables summarize the characteristics of securitized and unsecuritized residential investor loans at September 30, 2025 and December 31, 2024.Table 8.4 – Characteristics of Residential Investor Loans September 30, 2025Unsecuritized TermSecuritized Term(1)Unsecuritized Bridge Securitized Bridge(1)(Dollars in Thousands)Unpaid principal balance$163,683 $2,251,096 $665,040 $917,991 Average UPB of loans1,129 3,063 1,945 1,237 Fair value of loans157,339 2,143,226 625,932 931,100 Weighted average coupon6.94 %5.28 %8.93 %9.41 %Weighted average remaining loan term (years)13411Market value of loans pledged as collateral under debt facilities$86,413 N/A$400,527 N/ADelinquency informationUnpaid principal balance of loans with 90+ day delinquencies (2)$53,756 $171,284 $198,858 $26,938 Average UPB of 90+ days delinquent loans (2)5,973 4,078 11,048 1,418 Fair value of loans with 90+ day delinquencies (2)44,491 N/A159,437 N/AUnpaid principal balance of loans in foreclosure (3)— 37,206 22,838 19,803 Average UPB of loans in foreclosure (3)— 5,315 22,838 1,