Exhibit 99.1 REDWOOD TRUST REPORTS FOURTH QUARTER 2023 FINANCIAL RESULTS MILL VALLEY, CA – Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company", "we" or "our"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended December 31, 2023. Key Q4 2023 Financial Results and Metrics • GAAP book value per common share was $8.64 at December 31, 2023, a 1.5% decrease from $8.77 per share at September 30, 2023 ◦ Economic return on book value wa ...