$RWT
REDWOOD TRUST INC

2024 Q4 Form 10-Q Financial Statement

#000093023624000038 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $248.6M
YoY Change 40.42%
Cost Of Revenue $229.5M
YoY Change 43.09%
Gross Profit $29.79M
YoY Change 78.51%
Gross Profit Margin 11.98%
Selling, General & Admin $32.52M
YoY Change 18.17%
% of Gross Profit 109.16%
Research & Development $3.398M
YoY Change 9.33%
% of Gross Profit 11.41%
Depreciation & Amortization $2.816M
YoY Change -24.89%
% of Gross Profit 9.45%
Operating Expenses $3.398M
YoY Change -91.48%
Operating Profit $26.40M
YoY Change -213.86%
Interest Expense -$11.99M
YoY Change -107.65%
% of Operating Profit -45.43%
Other Income/Expense, Net $2.228M
YoY Change -51.91%
Pretax Income $21.95M
YoY Change -175.41%
Income Tax $7.128M
% Of Pretax Income 32.47%
Net Earnings $14.83M
YoY Change -148.12%
Net Earnings / Revenue 5.96%
Basic Earnings Per Share $0.09
Diluted Earnings Per Share $0.09
COMMON SHARES
Basic Shares Outstanding 132.3M shares 132.2M shares
Diluted Shares Outstanding 132.4M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $587.8M
YoY Change 76.29%
Cash & Equivalents $253.7M
Short-Term Investments $334.1M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $451.4M
YoY Change 44.03%
LONG-TERM ASSETS
Property, Plant & Equipment $6.140M
YoY Change -27.36%
Goodwill $23.37M
YoY Change 0.0%
Intangibles $21.25M
YoY Change -32.68%
Long-Term Investments $1.266B
YoY Change 40.48%
Other Assets $112.4M
YoY Change 14.67%
Total Long-Term Assets $17.98B
YoY Change 41.46%
TOTAL ASSETS
Total Short-Term Assets $451.4M
Total Long-Term Assets $17.98B
Total Assets $18.43B
YoY Change 41.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.504M
YoY Change 41.76%
Accrued Expenses $232.9M
YoY Change 60.27%
Deferred Revenue
YoY Change
Short-Term Debt $2.042B
YoY Change 38.31%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.294B
YoY Change 40.93%
LONG-TERM LIABILITIES
Long-Term Debt $14.78B
YoY Change 44.58%
Other Long-Term Liabilities $131.5M
YoY Change 100.03%
Total Long-Term Liabilities $14.91B
YoY Change 44.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.294B
Total Long-Term Liabilities $14.91B
Total Liabilities $17.20B
YoY Change 44.39%
SHAREHOLDERS EQUITY
Retained Earnings $1.200B
YoY Change 6.63%
Common Stock $2.503B
YoY Change 4.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.223B
YoY Change
Total Liabilities & Shareholders Equity $18.43B
YoY Change 41.52%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $14.83M
YoY Change -148.12%
Depreciation, Depletion And Amortization $2.816M
YoY Change -24.89%
Cash From Operating Activities -$2.088B
YoY Change 134.38%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $635.6M
YoY Change 151.25%
Cash From Investing Activities $635.6M
YoY Change 151.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.439B
YoY Change 219.19%
NET CHANGE
Cash From Operating Activities -2.088B
Cash From Investing Activities 635.6M
Cash From Financing Activities 1.439B
Net Change In Cash -13.41M
YoY Change -92.83%
FREE CASH FLOW
Cash From Operating Activities -$2.088B
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Entity Central Index Key
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dei Current Fiscal Year End Date
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dei Entity Registrant Name
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REDWOOD TRUST, INC.
dei Entity Incorporation State Country Code
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Organization<div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit, with a mission to help make quality housing, whether rented or owned, accessible to all American households. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments to a diverse mix of investors through our best-in-class securitization platforms, whole-loan distribution activities and our publicly-traded securities. Our aggregation, origination and investment activities have evolved to incorporate a diverse mix of residential consumer and residential investor housing credit assets. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. We operate our business in three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking and Investment Portfolio.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our primary sources of income are net interest income from our investments and non-interest income from our mortgage banking activities. Net interest income primarily consists of the interest income we earn on investments less the interest expense we incur on borrowed funds and other liabilities. Income from mortgage banking activities is generated through the origination and acquisition of loans, and their subsequent sale, securitization, or transfer to our investment portfolios. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc. has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), beginning with its taxable year ended December 31, 1994. We generally refer, collectively, to Redwood Trust, Inc. and those of its subsidiaries that are generally not subject to subsidiary-level corporate income tax as “the REIT” or “our REIT.” We generally refer to subsidiaries of Redwood Trust, Inc. that are subject to subsidiary-level corporate income tax as “our taxable REIT subsidiaries” or “TRS.” </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc. was incorporated in the State of Maryland on April 11, 1994, and commenced operations on August 19, 1994. References herein to “Redwood,” the “company,” “we,” “us,” and “our” include Redwood Trust, Inc. and its consolidated subsidiaries, unless the context otherwise requires. For a full description of our business, see </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Part I, Item 1—Business </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">in our Annual Report on Form 10-K for the year ended December 31, 2023.</span></div>
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<div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements requires us to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amounts and timing of credit losses, prepayment rates, valuation allowances, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. Our estimates are inherently subjective in nature and actual results could differ from our estimates and the differences could be material.</span></div>
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CY2024Q3 rwt Noninterest Income Net
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CY2024Q3 us-gaap General And Administrative Expense
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CY2024Q3 rwt Portfolio Management Costs
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CY2024Q3 rwt Loan Acquisition Costs
LoanAcquisitionCosts
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CY2024Q3 us-gaap Other Expenses
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2228000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
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CY2024Q3 us-gaap Net Income Loss
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CY2024Q3 us-gaap Adjustment For Amortization
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CY2024Q3 us-gaap Assets
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us-gaap Interest And Dividend Income Operating
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us-gaap Interest Expense Operating
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us-gaap Interest Income Expense Net
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rwt Mortgage Banking Activities Net
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us-gaap Unrealized Gain Loss On Investments
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10733000 usd
rwt Hei Fair Value Changes Net
HEIFairValueChangesNet
35521000 usd
us-gaap Other Operating Income Expense Net
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16794000 usd
us-gaap Realized Investment Gains Losses
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620000 usd
rwt Noninterest Income Net
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136717000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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rwt Portfolio Management Costs
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rwt Loan Acquisition Costs
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us-gaap Other Expenses
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Net Income Loss
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CY2024Q3 us-gaap Assets
Assets
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CY2023Q3 us-gaap Interest And Dividend Income Operating
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177074000 usd
CY2023Q3 us-gaap Interest Expense Operating
InterestExpenseOperating
156723000 usd
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
20351000 usd
CY2023Q3 rwt Mortgage Banking Activities Net
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19440000 usd
CY2023Q3 us-gaap Unrealized Gain Loss On Investments
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CY2023Q3 rwt Hei Fair Value Changes Net
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10259000 usd
CY2023Q3 us-gaap Other Operating Income Expense Net
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2346000 usd
CY2023Q3 us-gaap Realized Investment Gains Losses
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CY2023Q3 rwt Noninterest Income Net
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CY2023Q3 us-gaap General And Administrative Expense
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CY2023Q3 rwt Portfolio Management Costs
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3661000 usd
CY2023Q3 rwt Loan Acquisition Costs
LoanAcquisitionCosts
1880000 usd
CY2023Q3 us-gaap Other Expenses
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CY2023Q3 us-gaap Income Tax Expense Benefit
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CY2023Q3 us-gaap Net Income Loss
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CY2023Q3 us-gaap Adjustment For Amortization
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CY2023Q3 us-gaap Assets
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us-gaap Interest And Dividend Income Operating
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us-gaap Interest Expense Operating
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us-gaap Interest Income Expense Net
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rwt Mortgage Banking Activities Net
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us-gaap Unrealized Gain Loss On Investments
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rwt Hei Fair Value Changes Net
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us-gaap Other Operating Income Expense Net
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us-gaap Realized Investment Gains Losses
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rwt Noninterest Income Net
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28674000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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rwt Portfolio Management Costs
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rwt Loan Acquisition Costs
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4613000 usd
us-gaap Other Expenses
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us-gaap Income Tax Expense Benefit
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642000 usd
us-gaap Net Income Loss
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us-gaap Adjustment For Amortization
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CY2023Q3 us-gaap Assets
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13021138000 usd
CY2024Q3 rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
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CY2023Q3 rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
19440000 usd
rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
73049000 usd
rwt Mortgage Banking Activities Net
MortgageBankingActivitiesNet
52663000 usd
CY2024Q3 us-gaap Servicing Asset At Amortized Value
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rwt Securitization Entity
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CY2024Q3 us-gaap Trading Securities
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CY2023Q4 us-gaap Trading Securities
TradingSecurities
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CY2024Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
205361000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
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CY2024Q3 us-gaap Marketable Securities
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334141000 usd
CY2023Q4 us-gaap Marketable Securities
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CY2024Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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180541000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
30000000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
4313000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
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CY2024Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
205361000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
79635000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
16973000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
6753000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
2482000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
87373000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
205361000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
87373000 usd
CY2024Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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17000000 usd
CY2024Q3 rwt Number Of Available For Sale Securities
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88 investment
CY2024Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
14 investment
CY2024Q3 rwt Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months
NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths
11 investment
CY2023Q4 rwt Number Of Available For Sale Securities
NumberOfAvailableForSaleSecurities
66 investment
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
21 investment
CY2023Q4 rwt Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months
NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths
19 investment
CY2024Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
900000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
1339000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
2482000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
25000 usd
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
25000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
-497000 usd
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
-1640000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
0 usd
us-gaap Debt Securities Available For Sale Allowance For Credit Loss Securities Sold
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSecuritiesSold
0 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
867000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
867000 usd
rwt Number Of Securitization Transactions Co Sponsored
NumberOfSecuritizationTransactionsCoSponsored
2 transaction
CY2024Q3 rwt Home Equity Investments
HomeEquityInvestments
590080000 usd
CY2023Q4 rwt Home Equity Investments
HomeEquityInvestments
550436000 usd
CY2024Q3 rwt Net Market Valuation Recorded Gain Losses Income Net
NetMarketValuationRecordedGainLossesIncomeNet
10651000 usd
CY2023Q3 rwt Net Market Valuation Recorded Gain Losses Income Net
NetMarketValuationRecordedGainLossesIncomeNet
10259000 usd
rwt Net Market Valuation Recorded Gain Losses Income Net
NetMarketValuationRecordedGainLossesIncomeNet
35521000 usd
rwt Net Market Valuation Recorded Gain Losses Income Net
NetMarketValuationRecordedGainLossesIncomeNet
23445000 usd
CY2024Q3 us-gaap Other Investments
OtherInvestments
341637000 usd
CY2023Q4 us-gaap Other Investments
OtherInvestments
343930000 usd
CY2024Q3 rwt Total Other Investments Income Net
TotalOtherInvestmentsIncomeNet
3602000 usd
rwt Total Other Investments Income Net
TotalOtherInvestmentsIncomeNet
34484000 usd
CY2024Q3 us-gaap Equity Method Investment Sold Carrying Amount
EquityMethodInvestmentSoldCarryingAmount
100000 usd
us-gaap Equity Method Investment Sold Carrying Amount
EquityMethodInvestmentSoldCarryingAmount
300000 usd
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
70956000 usd
CY2024Q3 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
9552606000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
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CY2023Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
2628677000 usd
CY2024Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
37220000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
38887000 usd
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
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CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
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CY2024Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
683223000 usd
CY2024Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 usd
CY2024Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
683223000 usd
CY2024Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
682960000 usd
CY2024Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
263000 usd
CY2024Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
0 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
502314000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
502314000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
472852000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
28878000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
584000 usd
CY2024Q3 us-gaap Interest Receivable
InterestReceivable
103035000 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
69072000 usd
CY2024Q3 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
94598000 usd
CY2023Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
93599000 usd
CY2024Q3 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
67576000 usd
CY2023Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
67302000 usd
CY2024Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
40116000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
40115000 usd
CY2024Q3 us-gaap Margin Deposit Assets
MarginDepositAssets
27090000 usd
CY2023Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
33414000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
23373000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
23373000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
21252000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
28462000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9759000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12532000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6140000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7829000 usd
CY2024Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
34748000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
27246000 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
427687000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
402944000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
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18000000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12000000 usd
CY2024Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
99885000 usd
CY2024Q3 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
967000 usd
CY2024Q3 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
2344000 usd
CY2024Q3 us-gaap Principal Investment Gains Losses
PrincipalInvestmentGainsLosses
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CY2024Q3 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
94598000 usd
CY2023Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
93599000 usd
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
14800000 usd
us-gaap Real Estate Cost Of Real Estate Sold
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4805000 usd
us-gaap Principal Investment Gains Losses
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CY2024Q3 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
94598000 usd
CY2024Q3 rwt Realized Gain Loss From Liquidation
RealizedGainLossFromLiquidation
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rwt Realized Gain Loss From Liquidation
RealizedGainLossFromLiquidation
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CY2024Q3 us-gaap Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
104444000 usd
CY2023Q4 us-gaap Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
81177000 usd
CY2024Q3 rwt Margin Payable
MarginPayable
74378000 usd
CY2023Q4 rwt Margin Payable
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350000 usd
CY2024Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
74097000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
52755000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
31294000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
28140000 usd
CY2024Q3 us-gaap Operating Lease Liability
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11707000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
14725000 usd
CY2024Q3 rwt Accrued Operating Expenses
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11308000 usd
CY2023Q4 rwt Accrued Operating Expenses
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5527000 usd
CY2024Q3 us-gaap Accrued Income Taxes
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CY2023Q4 us-gaap Accrued Income Taxes
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CY2024Q3 us-gaap Accounts Payable Current
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6504000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
4992000 usd
CY2024Q3 rwt Unsettled Trade Liabilities Current
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4107000 usd
CY2023Q4 rwt Unsettled Trade Liabilities Current
UnsettledTradeLiabilitiesCurrent
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CY2024Q3 us-gaap Guaranty Liabilities
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3753000 usd
CY2023Q4 us-gaap Guaranty Liabilities
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5781000 usd
CY2024Q3 rwt Mortgage Loan On Real Estate Repurchase Reserve
MortgageLoanOnRealEstateRepurchaseReserve
3556000 usd
CY2023Q4 rwt Mortgage Loan On Real Estate Repurchase Reserve
MortgageLoanOnRealEstateRepurchaseReserve
4700000 usd
CY2024Q3 rwt Bridge Loan Holdback
BridgeLoanHoldback
2148000 usd
CY2023Q4 rwt Bridge Loan Holdback
BridgeLoanHoldback
2059000 usd
CY2024Q3 us-gaap Dividends Payable Current And Noncurrent
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1478000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1478000 usd
CY2024Q3 rwt Other Liabilities Miscellaneous
OtherLiabilitiesMiscellaneous
35547000 usd
CY2023Q4 rwt Other Liabilities Miscellaneous
OtherLiabilitiesMiscellaneous
15119000 usd
CY2024Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
375487000 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
216803000 usd
CY2018 rwt Number Of Partnerships Consolidated
NumberOfPartnershipsConsolidated
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CY2024Q3 us-gaap Net Income Loss Allocated To Limited Partners
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26000 usd
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
4000000 usd
rwt Number Of Securitization Transactions Co Sponsored
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2 transaction
rwt Securitization Entity
SecuritizationEntity
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rwt Securitization Entity
SecuritizationEntity
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CY2024Q3 us-gaap Debt Instrument Face Amount
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CY2024Q3 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
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CY2023Q4 us-gaap Debt Instrument Face Amount
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3249158000 usd
CY2023Q4 us-gaap Debt Instrument Collateral Amount
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3405564000 usd
CY2024Q3 rwt Lessee Number Of Leases
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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CY2024Q3 rwt Lessee Number Of Office Leases
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CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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CY2024Q3 us-gaap Operating Lease Liability
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CY2024Q3 us-gaap Operating Lease Right Of Use Asset
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CY2024Q3 us-gaap Preferred Stock Dividends Per Share Declared
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us-gaap Preferred Stock Dividends Per Share Declared
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1.8750
CY2024Q3 us-gaap Dividends Payable Current And Noncurrent
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1000000 usd
CY2024Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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CY2024Q1 us-gaap Warrants And Rights Outstanding
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800000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
55365000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2024Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
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CY2023Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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CY2024Q3 us-gaap Other General And Administrative Expense
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CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
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Files In Submission

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