Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 81

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 81
---
ited) 

Note 8. Residential Investor Loans

We originate and invest in residential investor loans, including term loans and bridge loans. The following table summarizes the classifications and carrying values of the securitized and unsecuritized residential investor loans at March 31, 2025 and December 31, 2024.Table 8.1 – Classifications and Carrying Values of Residential Investor LoansMarch 31, 2025Residential Investor TermResidential Investor Bridge(In Thousands)UnsecuritizedSecuritizedUnsecuritizedSecuritizedTotalHeld-for-sale at fair value$169,372 $— $72,053 $— $241,425 Held-for-investment at fair value— 2,389,804 1,039,223 769,382 4,198,409 Total Residential Investor Loans$169,372 $2,389,804 $1,111,276 $769,382 $4,439,834 December 31, 2024Residential Investor TermResidential Investor Bridge(In Thousands)UnsecuritizedSecuritizedUnsecuritizedSecuritizedTotalHeld-for-sale at fair value$158,637 $— $78,587 $— $237,224 Held-for-investment at fair value— 2,485,069 1,041,694 823,103 4,349,866 Total Residential Investor Loans$158,637 $2,485,069 $1,120,281 $823,103 $4,587,090 Nearly all of the outstanding residential investor term loans at March 31, 2025 were first-lien, fixed-rate loans with original maturities of three, five, seven, or ten years. The outstanding residential investor bridge loans held-for-investment at March 31, 2025 were first-lien, interest-only loans with original maturities of 6 to 36 months and were comprised of 53% one-month SOFR-indexed adjustable-rate loans, and 47% fixed-rate loans.At March 31, 2025, we had $350 million in commitments to fund additional advances on existing residential investor bridge loans. See Note 19 for additional information on these commitments. During the three months ended March 31, 2025, we sold $150 million of residential investor bridge loans, net of $16 million of construction draws to our