Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 222

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 222
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 derivatives gains (losses), net (1)65,389 (1,820)— — — 63,569 Total Mortgage banking activities, net75,266 38,776 — — — 114,042 Investment fair value changes, net, excluding risk management derivatives— — (51,307)(82,567)1,300 (132,574)Risk management derivatives gains (losses), net (1)— — 44,190 (8,479)— 35,711 Total Investment fair value changes, net— — (7,117)(91,046)1,300 (96,863)HEI income (loss), net— — 926 (3,205)— (2,279)Servicing income, net— — 6,431 — — 6,431 Fee income (loss), net— 11,109 823 (2,793)— 9,139 Other income (loss), net— 1,468 1,156 (532)(373)1,719 Realized gains, net— — 1,207 — (48)1,159 Total non-interest income (loss), net75,266 51,353 3,426 (97,576)879 33,348 General and administrative expenses(21,325)(30,786)(4,477)(95)(56,478)(113,161)Portfolio management costs— — (8,178)(15,291)(31)(23,500)Loan acquisition costs(4,733)(7,816)— (155)— (12,704)Other expenses— (6,416)(6,709)(500)— (13,625)(Provision for) benefit from income taxes(22,015)975 1,841 1,964 58 (17,177)Net Income (Loss) (2)$82,289 $12,646 $47,197 $(128,317)$(103,864)$(90,049)Total Assets$2,659,250 $393,790 $16,906,766 $2,305,179 $335,781 $22,600,766 (1)Represents market valuation changes of derivatives that were used to manage risks associated with our mortgage banking operations