# EDGAR Filing Document

**Accession Number:** 0000930236
**File Stem:** 0000000000-25-007787
**Filing Date:** 2025-7
**Character Count:** 3224
**Document Hash:** ad4d2f0ad988042e31ab0fcd866b663b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-007787.hdr.sgml**: 20260122

**ACCESSION NUMBER**: 0000000000-25-007787

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250724

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REDWOOD TRUST INC
- **CENTRAL INDEX KEY:** 0000930236
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 680329422
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 001-13759

**BUSINESS ADDRESS:**
- **STREET 1:** ONE BELVEDERE PLACE
- **STREET 2:** SUITE 300
- **CITY:** MILL VALLEY
- **STATE:** CA
- **ZIP:** 94941
- **BUSINESS PHONE:** (415) 380-2317

**MAIL ADDRESS:**
- **STREET 1:** ONE BELVEDERE PLACE
- **STREET 2:** SUITE 300
- **CITY:** MILL VALLEY
- **STATE:** CA
- **ZIP:** 94941
**PUBLIC REFERENCE ACCESSION NUMBER**: 0000930236-25-000007

## Text-Extract

```

                                                            July 24, 2025

Brooke E. Carillo
Chief Financial Officer
Redwood Trust, Inc.
One Belvedere Place, Suite 300
Mill Valley, CA 94941

       Re: Redwood Trust, Inc.
           Form 10-K for the Year Ended December 31, 2024
           File No. 001-13759
Dear Brooke E. Carillo:

       We have limited our review of your filing to the financial statements
and related
disclosures and have the following comments.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

       After reviewing your response to this letter, we may have additional
comments.

Form 10-K for the Year Ended December 31, 2024
Item 1A. Risk Factors
Through certain of our wholly-owned subsidiaries we have engaged in the
past..., page 35

1.     We note your disclosure on page 37 that you have incorporated blockchain
technology
       into securitization transactions. Please clarify which blockchain you
use and how the
       blockchain is used in the securitization process. Describe how you
access
       the blockchain and the functions you have under this access.
2.     Related to the comment above, tell us whether any    tokenized
digital securities have
       been issued to date and your accounting policies related to any such
issuances.
        In closing, we remind you that the company and its management are
responsible for
the accuracy and adequacy of their disclosures, notwithstanding any review,
comments,
action or absence of action by the staff.
 July 24, 2025
Page 2

       Please contact William Demarest at 202-551-3432 or Isaac Esquivel at
202-551-3395
with any questions.

                                                        Sincerely,

                                                        Division of Corporation
Finance
                                                        Office of Real Estate &
Construction

```

### Attached PDF Documents

**Attachment 1:** `filename1`

_No text found in this document._