Company: RWT-PA
Filing Date: 2025-01-15
Form Type: 424B5
Source: 0001104659-25-003632
Chunk: 5

Company: REDWOOD TRUST INC
Filing Date: 2025-01-15
Form: 424B5
Chunk 5
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 and climate-related risks;                                          |

| · | the                                                                                          
 efficacy and expense efforts to manage or hedge credit risk or interest rate risk, and other 
 financial and operational risks;                                                             |

| · | changes                                                                              
 in credit ratings on assets we own and changes in the rating agencies’ credit rating 
 methodologies;                                                                       |

| · | changes                                         
 in interest rates or mortgage prepayment rates; |

| · | investment             
 and reinvestment risk; |

| · | asset                                                                                      
 performance, interest rate volatility, changes in credit spreads, and changes in liquidity 
 in the market for real estate securities and loans;                                        |

| · | our                                                                                    
 ability to finance the acquisition of real estate-related assets with short-term debt; |

| · | the                                                           
 ability of counterparties to satisfy their obligations to us; |

| · | we                                                                                              
 may enter into new lines of business, acquire other companies, or engage in other new strategic 
 initiatives;                                                                                    |

| · | changes                                                                                      
 in the demand from investors for residential consumer and residential investor mortgages     
 and investments, and our ability to distribute residential consumer and residential investor 
 mortgages through our whole-loan distribution channels;                                      |

<div align='center'>S-v</div>

| · | our                                                                                        
 involvement in loan and home equity investment contracts (“HEI”) origination               
 and securitization transactions, the profitability of those transactions, and the risks we 
 are exposed to in engaging in loan origination or securitization transactions;             |

| · | foreclosure                                                                          
 activity may expose us to risks associated with real estate ownership and operation; |

| · | exposure                                                                                               
 to claims and litigation, including litigation arising from loan or HEI origination and securitization 
 transactions;                                                                                          |

| · | acquisitions                                                                               
 or new business initiatives may fail to improve our business and could expose us to new or 
 increased risks;                                                                           |

| · | whether                                                    
 we have sufficient liquid assets to meet short-term needs; |

| · | changes                                                                                    
 in our investment, financing, and hedging strategies and new risks we may be exposed to if 
 we expand or reorganize;                                                                   |

| · | our                                                      
 ability to successfully retain or attract key personnel; |

| · | we                                                                                  
 are dependent on third-party information systems and third-party service providers; |

| · | our                                                                                       
 exposure to a disruption of our or a third party's technology infrastructure and systems; |

| · | the                                                                                       
 impact on our reputation that could