Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 155

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 155
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Retained Operating InvestmentsResidential consumer securities$138,715 $139,683 Residential consumer securities at consolidated Sequoia entities (1)482,139 367,431 Residential investor securities at consolidated Securitization Term entities (2)327,324 326,074 Securitized residential investor bridge loans and REO771,110 824,871 Other investments (2)59,189 57,496 Total Retained Operating Investments$1,778,477 $1,715,555 Third-Party Portfolio InvestmentsResidential securities111,259 109,749 Residential re-performing loan securities at consolidated SLST entities (4)263,768 241,765 Multifamily securities— 11,749 Multifamily securities at consolidated Freddie Mac K-Series entities (5)35,563 35,163 HEI (7)312,626 304,623 Servicing investments (6)96,384 94,987 Other investments3,348 3,741 Total Third-Party Investments$822,948 $801,777 Legacy Bridge InvestmentsUnsecuritized Residential investor bridge loans and REO1,106,724 1,117,606 Total Segment Investments$3,708,149 $3,634,938 

(1)Represents our retained economic investment in securities issued by consolidated Sequoia securitization VIEs. For GAAP purposes, we consolidated $10.18 billion of loans and $9.64 billion of ABS issued associated with these investments at March 31, 2025. We consolidated $8.82 billion of loans and $8.40 billion of ABS issued associated with these investments at December 31, 2024.

(2)Represents our retained economic investment in securities issued by consolidated CAFL Term securitization VIEs. For GAAP purposes, we consolidated $2.39 billion of loans and $2.07 billion of ABS issued associated with these investments at March 31, 2025. We consolidated $2.49 billion of loans and $2.17 billion of ABS issued associated with these investments at December 31, 2024.

(3)Other investments at March 31, 2025 includes net risk share investments of $26 million, representing $29 million of restricted cash and other assets, net of other liabilities of $2 million. 

(4)Represents