Business Purpose Residential Loans (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Classifications and Carrying Value of Loans

The following table summarizes the classifications and carrying values of the residential loans owned at Redwood and at consolidated Sequoia and Freddie Mac SLST entities at March 31, 2020 and December 31, 2019.

Table 6.1 – Classifications and Carrying Values of Residential Loans

March 31, 2020			Legacy		Sequoia		Freddie Mac
(In Thousands)	Redwood		Sequoia		Choice		SLST		Total
Held-for-sale at fair value	$	2,330,669	$	—	$	—	$	—	$	2,330,669
Held-for-investment at fair value	—		316,677		1,932,658		2,131,125		4,380,460
Total Residential Loans	$	2,330,669	$	316,677	$	1,932,658	$	2,131,125	$	6,711,129

December 31, 2019			Legacy		Sequoia		Freddie Mac
(In Thousands)	Redwood		Sequoia		Choice		SLST		Total
Held-for-sale at fair value	$	536,385	$	—	$	—	$	—	$	536,385
Held-for-investment at fair value	2,111,897		407,890		2,291,463		2,367,215		7,178,465
Total Residential Loans	$	2,648,282	$	407,890	$	2,291,463	$	2,367,215	$	7,714,850

The following table summarizes the classifications and carrying values of the business purpose residential loans owned at Redwood at March 31, 2020 and December 31, 2019.

Table 7.1 – Classifications and Carrying Values of Business Purpose Residential Loans

March 31, 2020	Single-Family Rental				Residential
(In Thousands)	Redwood		CAFL		Bridge		Total
Held-for-sale at fair value	$	415,333	—		$	—	$	415,333
Held-for-investment at fair value	—		2,248,665		799,744		3,048,409
Total Business Purpose Residential Loans	$	415,333	$	2,248,665	$	799,744	$	3,463,742

December 31, 2019	Single-Family Rental				Residential
(In Thousands)	Redwood		CAFL		Bridge		Total
Held-for-sale at fair value	$	331,565	$	—	$	—	$	331,565
Held-for-investment at fair value	237,620		2,192,552		745,006		3,175,178
Total Business Purpose Residential Loans	$	569,185	$	2,192,552	$	745,006	$	3,506,743