Exhibit 99.1 REDWOOD TRUST REPORTS FIRST QUARTER 2024 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 March 31, 2024. Key Q1 2024 Financial Results and Metrics • GAAP book value per common share was $8.78 at March 31, 2024, a 1.6% increase from $8.64 per share at December 31, 2023 ◦ Quarterly economic return on book value ...