Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 107

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 107
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 2024(In Thousands)SeniorMezzanineSubordinateTotalOther third-party securities$39,365 $28,948 $40,191 $108,504 Multifamily securities— 2,919 8,830 11,749 Sequoia securities— — 91,221 91,221 Total Fair Value$39,365 $31,867 $140,242 $211,474 December 31, 2023(In Thousands)SeniorMezzanineSubordinateTotalOther third-party securities$— $— $3,971 $3,971 Multifamily securities— — 4,460 4,460 Sequoia securities— — 78,942 78,942 Total Fair Value$— $— $87,373 $87,373 Gains and losses from the sale of AFS securities are recorded as Realized gains, net, in our consolidated statements of income. During the year ended December 31, 2024, we did not sell any AFS securities. During the year ended December 31, 2023, we realized gains of $2 million on sales of AFS securities. During the year ended December 31, 2024, we had $12 million of net unrealized gains on AFS securities.During the years ended December 31, 2024, 2023 and 2022 we had accretion income on AFS securities of $2 million, $1 million, and $11 million, respectively. At December 31, 2024, we had $49 million of AFS securities with contractual maturities less than five years, $4 million with contractual maturities greater than five years but less than ten years, and the remainder of our AFS securities had contractual maturities greater than ten years.

F- 46

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024Note 9. Real Estate Securities - (continued)

AFS Securities with Unrealized LossesThe following table presents the total carrying value (fair value) and unrealized losses of residential AFS securities that were in a gross unrealized loss position at December 31, 2024 and 2023.Table 9.3 – AFS Securities in Gross Unrealized Loss Position by Holding PeriodsLess Than