UPLOAD Filing
REDWOOD TRUST INC
Date: July 24, 2025 · CIK: 0000930236 · Accession: 0000000000-25-007787
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-13759
Letter
Re: Redwood Trust, Inc. Form 10-K for the Year Ended December 31, 2024 File No. 001-13759 Dear Brooke E. Carillo:
July 24, 2025
Brooke E. Carillo Chief Financial Officer Redwood Trust, Inc. One Belvedere Place, Suite 300 Mill Valley, CA 94941
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
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> 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 </TEXT> </DOCUMENT>