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Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Residential loans $ 3,287,587 $ 2,166,434
Commercial loans 497,997 432,455
Real estate securities, at fair value 1,394,985 1,682,861
Mortgage servicing rights, at fair value 135,152 64,824
Cash and cash equivalents 149,617 173,201
Total earning assets 5,465,338 4,519,775
Restricted cash 455 398
Accrued interest receivable 15,261 13,475
Derivative assets 7,756 7,787
Deferred securities issuance costs 10,190 13,453
Other assets 112,768 53,640
Total Assets 5,611,768 [1] 4,608,528 [1]
Liabilities    
Short-term debt 1,887,688 862,763
Accrued interest payable 10,480 6,366
Derivative liabilities 38,263 18,167
Accrued expenses and other liabilities 48,239 48,704
Deferred tax liability 7,316 7,316
Long-term debt 696,902 476,467
Total liabilities 4,345,090 [1] 3,362,745 [1]
Equity    
Common stock, par value $0.01 per share, 180,000,000 shares authorized; 83,284,392 and 82,504,801 issued and outstanding 833 825
Additional paid-in capital 1,768,612 1,760,899
Accumulated other comprehensive income 159,771 148,766
Cumulative earnings 879,745 806,298
Cumulative distributions to stockholders (1,542,283) (1,471,005)
Total equity 1,266,678 1,245,783
Total Liabilities and Equity 5,611,768 4,608,528
Asset-backed Securities
    
Liabilities    
Asset-backed securities issued 1,656,202 1,942,962
Residential Loans Held For Sale
    
ASSETS    
Residential loans 1,502,429 404,267
Residential Loans Held For Investment at Fair Value
    
ASSETS    
Residential loans 238,651  
Residential Loans Held for Investment
    
ASSETS    
Residential loans 1,546,507 1,762,167
Commercial Loans Held For Sale
    
ASSETS    
Commercial loans 104,709 89,111
Commercial Loans Held For Investment
    
ASSETS    
Commercial loans $ 393,288 $ 343,344
[1] Our consolidated balance sheets include assets of consolidated variable interest entities ("VIEs") that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to the primary beneficiary (Redwood Trust, Inc.). At September 30, 2014 and December 31, 2013, assets of consolidated VIEs totaled $2,013,807 and $2,299,576, respectively, and liabilities of consolidated VIEs totaled $1,657,782 and $1,944,911, respectively. See Note 4 for further discussion.