Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 238

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 238
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inquent balance (UPB)$573 $172 UPB of loans in foreclosure$10,493 $41,913 Average foreclosure balance (UPB)$552 $185 

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) Note 7. Residential Consumer Loans - (continued)

(1)The fair value of the loans held by consolidated entities was based on the fair value of the ABS issued by these entities, including securities we own, which we determined were more readily observable, in accordance with the accounting guidance for CFEs, and are recorded in Investment fair value changes, net on our consolidated statements of income (loss). (2)For loans held at consolidated entities, the number and UPB of loans 90+ days delinquent includes loans in foreclosure. The following table provides the activity of securitized jumbo residential consumer loans held-for-investment during the three and nine months ended September 30, 2025 and 2024.Table 7.5 – Activity of Residential Consumer Loans Held-for-InvestmentThree Months Ended September 30,Nine Months Ended September 30,(In Thousands)2025202420252024Principal value of loans transferred from HFS to HFI (1)$1,878,024 $1,528,163 $5,551,389 $4,140,150 Net market valuation gains (losses) recorded102,295 256,034 236,432 152,635 (1)Represents the transfer of loans from held-for-sale to held-for-investment associated with jumbo securitization

25

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) 

Note 8. Residential Investor LoansWe originate and invest in residential investor loans, including term loans and bridge loans. The following table summarizes the classifications and fair values of the securitized and unsecuritized residential investor loans at September 30, 2025 and December 31, 2024.Table 8.1 – Classifications and Fair Values of Residential Investor LoansSeptember 30, 2025Residential Investor TermResidential Investor Bridge(In Thousands)UnsecuritizedSecuritizedUnsecuritizedSecuritizedTotalHeld-for-sale at fair value (1)$157