UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______________ to _______________. Commission File Number 1-13759 REDWOOD TRUST, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 68-032 ...

UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______________ to _______________. Commission File Number 1-13759 (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorpor ...

UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______________ to _______________. Commission File Number 1-13759 REDWOOD TRUST, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 68 ...

UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______________ to _______________. Commission File Number 1-13759 REDWOOD TRUST, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other ...

UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______________ to _______________. Commission File Number 1-13759 REDWOOD TRUST, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other ...

Business Segments - The company operates in three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio[26] - In Q4 2021, the company reorganized its segments to better reflect management's evaluation of operations, moving retained investments to a newly-created Investment Portfolio Segment[27] - The Residential Mortgage Banking segment primarily generates income from net interest income and gains on loans acquired and sold, with a focus on prime jumbo mortgages[28] - The Business Purpose Mortgage Banking segment originates single-family rental and bridge loans, with income derived from net interest, origination fees, and mark-to-market adjustments[29] - The Investment Portfolio segment includes investments from mortgage banking operations and third-party sources, generating income from net interest and changes in fair value[30] Employee Engagement and Retention - The company employs 298 full-time employees, with 53% directly engaged in operations at its subsidiary, CoreVest[34] - In 2021, the company hired 107 employees, maintaining a low voluntary turnover rate, indicating strong employee retention efforts[36] - 80% of employees reported high engagement levels, and 82% expressed satisfaction with their overall employment experience[37] Diversity and Community Engagement - The company is committed to diversity, equity, inclusion, and belonging, with initiatives aimed at increasing representation and fostering an inclusive work environment[38] - The company actively participates in community giving, supporting causes related to housing, racial equality, and education through corporate grants and employee-led initiatives[39] Risk Management - The Chief Executive Officer and Chief Financial Officer executed certifications as required by the Sarbanes-Oxley Act of 2002 on February 25, 2022[46] - The company actively manages various market risks including credit risk, interest rate risk, and liquidity risk to enhance earnings and preserve capital[545] - The company aims to maintain capital levels consistent with the quantified risks based on historical experience[545] - The company is subject to various types of risks and uncertainties as detailed in the "Risk Factors" section of the Annual Report[546]

UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______________ to _______________. Commission File Number 1-13759 REDWOOD TRUST, INC. (Exact Name of Registrant as Specified in Its Charter) (State or O ...

UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______________ to _______________. Commission File Number 1-13759 REDWOOD TRUST, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other ...

UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______________ to _______________. Commission File Number 1-13759 REDWOOD TRUST, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other ...

Business Segments - The company combined its Multifamily Investments and Third-Party Residential Investments segments into a new segment called Third-Party Investments starting in Q2 2020[31]. - The Residential Lending segment primarily generates revenue from net interest income and mortgage banking activities, with a focus on prime and jumbo mortgages[32]. - The Business Purpose Lending segment focuses on originating single-family rental and bridge loans, with revenue primarily from net interest income and mortgage banking activities[33]. - The Third-Party Investments segment includes investments in RMBS and Freddie Mac K-Series multifamily loan securitizations, generating revenue from interest income and potential gains on securities sales[34]. Workforce and Work Environment - As of December 31, 2020, the company employed 247 full-time employees, with 38% having been with the organization for over 5 years[36][38]. - The company has implemented a remote work model during the pandemic, allowing employees to work from home while monitoring health guidelines[43]. Competition and Market Risks - The company faces intense competition from various financial institutions, including commercial banks and other mortgage REITs, which may impact investment opportunities and returns[44]. - The company actively manages market risks, including credit and interest rate risks, to enhance earnings and preserve capital[582]. Diversity and Inclusion - The company is committed to fostering diversity and inclusion, with a newly created Diversity Council to guide these efforts[40]. Accounting Standards - New accounting standards and their potential effects on the company's financial statements are discussed in the annual report[584].