Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 79

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 79
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)Sequoia Mortgage BankingCoreVest Mortgage BankingRedwood InvestmentsCorporate/OtherTotalInterest income$45,202 $28,674 $632,806 $1,172 $707,854 Interest expense(32,735)(18,041)(450,360)(51,264)(552,400)Net interest income (expense)12,467 10,633 182,446 (50,092)155,454 Non-interest (loss) incomeMortgage banking activities, net, excluding risk management derivatives(121,995)(49,108)— — (171,103)Risk management derivatives (losses) gains, net (1)100,713 56,731 — — 157,444 Total Mortgage banking activities, net(21,282)7,623 — — (13,659)Investment fair value changes, net, excluding risk management derivatives— — (221,316)16,892 (204,424)Risk management derivatives (losses) gains, net (1)— — 26,152 — 26,152 Total Investment fair value changes, net— — (195,164)16,892 (178,272)HEI income, net— — 2,714 — 2,714 Other income, net— 3,509 18,596 (901)21,204 Realized gains, net— — 3,174 2,160 5,334 Total non-interest (loss) income, net(21,282)11,132 (170,680)18,151 (162,679)General and administrative expenses(22,566)(56,557)(6,036)(55,749)(140,908)Portfolio management costs— — (7,951)— (7,951)Loan acquisition costs(3,085)(8,681)— — (11,766)Other expense74 (13,969)(1,695)— (15,590)Benefit from (provision for) income taxes12,814 13,157 (6,051)— 19,920 Net (Loss) (2)$(21,578)$(44,285)$(9,967)$(87,690)$(163,520)Total Assets$660,916 $487,159 $