Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 126

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 126
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 Additionally, we use corporate debt obligations to fund other aspects of our business and operations, including the repurchase of shares of our capital stock.At September 30, 2025, we had outstanding agreements on debt obligations with several counterparties and we were in compliance with all of the related covenants. Refer to Note 3 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2024 for additional information regarding these investments. Refer to Note 17 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2024 for additional information regarding our debt obligations.The following tables summarize our debt obligations at September 30, 2025 and December 31, 2024.Table 18.1 – Debt Obligations, NetSeptember 30, 2025(Dollars in Thousands)Number of Facilities or Issuances Principal AmountCarrying Value (1)Facility CapacityWeighted Average Interest Rate (2)Final Stated MaturityCarrying Value of CollateralShort-Term Facilities:Residential consumer loan warehouse facilities8$2,264,410 $2,264,409 $3,369,258 5.94 %10/2025-7/2026$2,437,510 Residential investor loan warehouse facilities4206,304206,2071,150,000 6.69 %5/2026-8/2026281,491Real estate securities repurchase facilities527,58527,585— 5.75 %10/202535,481Real estate securities repurchase facilities IO1— — 75,000 7.45 %6/2026— Residential MSR warehouse facility189,40389,403125,000 7.38 %10/2025183,907HEI warehouse facility127,84827,848150,000 8.67 %12/202555,486Recourse Subordinate Securities Financing:CAFL securities (3)1263,664262,873(6)7.11 %9/2028333,457Sequoia and other third-party securities (3)190,14190,141(6)7.27 %6/2027114,768Long-Term Facilities:Residential investor loan warehouse facilities3199,404198,1731,030,000 7.