Company: RWT-PA
Filing Date: 2025-08-11
Form Type: S-8
Source: 0001104659-25-076183
Chunk: 5

Company: REDWOOD TRUST INC
Filing Date: 2025-08-11
Form: S-8
Chunk 5
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.1 | Consent of Grant Thornton LLP                                                                                                                                                                                                                                                    |
| 23.2 | Consent of Venable LLP (included in Exhibit 5.1 hereto)                                                                                                                                                                                                                          |
| 24.1 | Power of Attorney (included on the signature page to this registration statement)                                                                                                                                                                                                |
| 107  | Calculation of Filing Fee Table                                                                                                                                                                                                                                                  |

<div align='center'>SIGNATURES</div>

Pursuant to the requirements
of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Mill Valley, State of California, on August 11, 2025.

| REDWOOD TRUST, INC. |                          |                         |
| By:                 | /s/ Christopher J. Abate |                         |
|                     | Name:                    | Christopher J. Abate    |
|                     | Title:                   | Chief Executive Officer |

<div align='center'>POWER OF ATTORNEY</div>

KNOW ALL PERSONS BY THESE
PRESENT, that each person whose signature appears below constitutes and appoints Christopher J. Abate and Andrew P. Stone and each or
either of them, his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or
her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments
or any abbreviated registration statement and any amendments thereto filed pursuant to Rule 462(b) increasing the number of
securities for which registration is sought) to this Registration Statement, and to file the same, with all exhibits thereto, and other
documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each
of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith,
as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact
and agents, or any of them, or their or his or her substitutes or substitute, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements