Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 228

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 228
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 of the valuation inputs used to measure fair value.Table 6.1 – Assets and Liabilities Measured at Fair Value on a Recurring BasisSeptember 30, 2025Fair ValueFair Value Measurements Using(In Thousands)Level 1Level 2Level 3AssetsResidential consumer loans$16,783,281 $— $— $16,783,281 Residential investor loans3,755,761 — — 3,755,761 Consolidated Agency multifamily loans— — — — HEI326,223 — — 326,223 Real estate securities:  Trading134,546 — — 134,546   AFS284,372 — — 284,372 Servicing investments282,256 — — 282,256 Strategic investments6,460 — — 6,460 Derivative assets97,948 28,156 35,352 34,440 Total Assets$21,670,847 $28,156 $35,352 $21,607,339 LiabilitiesABS issued$16,610,081 $— $— $16,610,081 Derivative liabilities57,047 48,830 — 8,217 Non-controlling interest78,099 — — 78,099 Total Liabilities$16,745,227 $48,830 $— $16,696,397 

17

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) Note 6. Fair Value of Financial Instruments - (continued)

December 31, 2024Fair ValueFair Value Measurements Using(In Thousands)Level 1Level 2Level 3AssetsResidential consumer loans$11,077,823 $— $— $11,077,823 Residential investor loans4,587,090 — — 4,587,090 Consolidated agency multifamily loans424,597 — — 424,597 HEI589,785 — — 589,785 Real estate securities:  Trading193,749 — — 193,749   AFS211,474 — — 211,474 Servicing investments297,683