Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 76

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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,099 Total Liabilities$16,745,227 $48,830 $— $16,696,397 

17

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) Note 6. Fair Value of Financial Instruments - (continued)

December 31, 2024Fair ValueFair Value Measurements Using(In Thousands)Level 1Level 2Level 3AssetsResidential consumer loans$11,077,823 $— $— $11,077,823 Residential investor loans4,587,090 — — 4,587,090 Consolidated agency multifamily loans424,597 — — 424,597 HEI589,785 — — 589,785 Real estate securities:  Trading193,749 — — 193,749   AFS211,474 — — 211,474 Servicing investments297,683 — — 297,683 Strategic investments3,460 — — 3,460 Derivative assets46,003 16,446 23,738 5,819 Total Assets$17,431,664 $16,446 $23,738 $17,391,480 LiabilitiesABS issued$12,879,530 $— $— $12,879,530 Derivative liabilities23,660 23,164 — 496 Non-controlling interest99,510 — — 99,510 Total Liabilities$13,002,700 $23,164 $— $12,979,536 

18

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) Note 6. Fair Value of Financial Instruments - (continued)

The following table presents additional information about Level 3 assets and liabilities measured at fair value on a recurring basis for the nine months ended September 30, 2025.Table 6.2 – Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring BasisAssetsResidential Consumer LoansResidential InvestorLoansConsolidated Agency Multifamily LoansHEIReal Estate Trading SecuritiesReal Estate AFS SecuritiesServicing InvestmentsStrategic