Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 79

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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, mortgage banking activities, net were $22 million and $8 million, respectively, and included changes in fair value of residential consumer loans held-for-sale, loan purchase commitments, and related risk management derivatives in our Sequoia Mortgage Banking segment. See Note 5 for additional information.The following table provides the activity of residential consumer loans held-for-sale during the three months ended March 31, 2025 and 2024. Table 7.3 – Activity of Residential Consumer Loans Held-for-SaleThree Months Ended March 31,(In Thousands)20252024Principal balance of loans acquired$2,337,185 $999,786 Principal balance of loans sold420,513 201,581 Principal balance of loans transferred from HFS to HFI1,623,900 1,187,961 Residential Consumer Loans Held-for-Investment at Fair ValueWe invest in residential subordinate securities issued by Securitized Jumbo and Securitized Re-Performing Loans securitization trusts and consolidate the underlying residential consumer loans owned by these entities for financial reporting purposes in accordance with GAAP. The following tables summarize the characteristics of the securitized jumbo and re-performing residential consumer loans at March 31, 2025 and December 31, 2024.Table 7.4 – Characteristics of Residential Consumer Loans Held-for-InvestmentMarch 31, 2025Securitized Jumbo LoansSecuritized Re-Performing Loans(Dollars in Thousands)UPB$10,590,674 $1,493,348 Average loan balance (UPB)$871 $155 Fair value of loans (1)$10,176,418 $1,281,550 Weighted average coupon5.19 %4.49 %Delinquency informationUnpaid principal balance of loans with 90+ day delinquencies (2)$25,541 $93,302 Average 90+ days delinquent balance (UPB)$672 $173 Unpaid principal balance of loans in foreclosure$11,329 $37,180 Average foreclosure balance (UPB)$566 $183 

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2025(Unaudited) Note 7. Residential Consumer Loans - (continued)

December 31, 2024Securitized Jumbo LoansSecuritized Re-Performing