Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 259

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 259
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, 2025, we were in compliance with our derivative counterparty ISDA agreements. The following table presents the fair value and notional amount of our derivatives at September 30, 2025 and December 31, 2024.Table 13.1 – Fair Value and Notional Amount of DerivativesSeptember 30, 2025December 31, 2024FairValueNotionalAmountFairValueNotionalAmount(In Thousands)Assets - Risk Management DerivativesTBAs$25,583 $4,545,000 $— $— Interest rate futures2,573 589,500 16,446 712,500 Swaptions35,352 6,400,000 23,738 8,245,000 Assets - Other DerivativesLPCs and IRLCs34,440 2,761,105 5,819 919,888 Total Assets (1)$97,948 $14,295,605 $46,003 $9,877,388 Liabilities - Risk Management DerivativesTBAs$(27,722)$6,365,000 $(16,249)$1,350,000 Interest rate futures(21,108)3,585,700 (6,915)830,500 Liabilities - Other DerivativesLPCs(8,217)1,271,788 (496)157,985 Total Liabilities (1)$(57,047)$11,222,488 $(23,660)$2,338,485 Total Derivatives, Net (1)$40,901 $25,518,093 $22,343 $12,215,873 (1)For the purpose of this presentation, derivative assets and liabilities are presented on a gross and a net basis.

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) Note 13. Derivative Financial Instruments - (continued)

The following table presents the market valuation gains and losses on our derivatives for the three and nine months ended September 30, 2025 and 2024.Table 13.2 – Market Valuation Gains (Losses) on Derivatives, netThree Months Ended September 30, 2025Three Months Ended September 30, 2024(In Thousands)Risk Management Der