XML 35 R21.htm IDEA: XBRL DOCUMENT
v3.20.2

Other Assets and Liabilities | 9 Months Ended
--- | ---
Sep. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other Assets and Liabilities | Other Assets and Liabilities Other assets at September 30, 2020 and December 31, 2019 are summarized in the following table. Table 12.1 – Components of Other Assets
(In Thousands) |  | September 30, 2020 |  | December 31, 2019
Accrued interest receivable |  | $ | 39,330 |  |  | $ | 71,058 |
Investment receivable |  | 25,767 |  |  | 23,330 |
Right-of-use asset |  | 13,487 |  |  | 11,866 |
REO |  | 8,535 |  |  | 9,462 |
Pledged collateral |  | 8,172 |  |  | 32,945 |
Income tax receivables |  | 8,148 |  |  | 36 |
FHLBC stock |  | 5,000 |  |  | 43,393 |
Fixed assets and leasehold improvements (1) |  | 4,408 |  |  | 4,901 |
Margin receivable |  | 3,809 |  |  | 209,776 |
Other |  | 7,617 |  |  | 12,554 |
Total Other Assets |  | $ | 124,273 |  |  | $ | 419,321 |
(1)Fixed assets and leasehold improvements had a basis of $12 million and accumulated depreciation of $8 million at September 30, 2020. Accrued expenses and other liabilities at September 30, 2020 and December 31, 2019 are summarized in the following table. Table 12.2 – Components of Accrued Expenses and Other Liabilities
(In Thousands) |  | September 30, 2020 |  | December 31, 2019
Accrued interest payable |  | $ | 34,225 |  |  | $ | 60,655 |
Payable to minority partner |  | 17,492 |  |  | 13,189 |
Accrued compensation |  | 17,127 |  |  | 33,888 |
Lease liability |  | 15,123 |  |  | 13,443 |
Deferred consideration |  | 14,442 |  |  | — |
Guarantee obligations |  | 11,264 |  |  | 14,009 |
Current accounts payable |  | 8,717 |  |  | 5,468 |
Residential loan and MSR repurchase reserve |  | 8,565 |  |  | 4,268 |
Residential bridge loan holdbacks |  | 6,350 |  |  | 10,682 |
Deferred tax liabilities |  | 5,152 |  |  | 5,152 |
Accrued operating expenses |  | 3,922 |  |  | 4,358 |
Contingent consideration |  | — |  |  | 28,484 |
Other |  | 13,610 |  |  | 13,297 |
Total Accrued Expenses and Other Liabilities |  | $ | 155,989 |  |  | $ | 206,893 |
Refer to our Annual Report on Form 10-K for the year ended December 31, 2019 for additional descriptions of our other assets and liabilities. Margin Receivable and Payable Margin receivable and payable resulted from margin calls between us and our counterparties under derivatives, master repurchase agreements, and warehouse facilities, whereby we or the counterparty posted collateral. Through September 30, 2020, we had met all margin calls due. REO The carrying value of REO at September 30, 2020 was $9 million, which included $3 million of REO from our residential bridge loan portfolio, $1 million from our consolidated Legacy Sequoia entities, $1 million from our consolidated Freddie Mac SLST entities, and $4 million from consolidated CAFL entities. At September 30, 2020, there were two residential bridge loan REO assets, three REO assets at our Legacy Sequoia entities, nine REO assets at our Freddie Mac SLST entities, and three REO assets at our CAFL entities recorded on our consolidated balance sheets. During the nine months ended September 30, 2020, transfers into REO included a $5 million residential bridge loan, $1 million from Legacy Sequoia entities, $1 million from Freddie Mac SLST entities, and $6 million from CAFL entities. During the nine months ended September 30, 2020, there were REO liquidations of $13 million, resulting in $0.3 million of unrealized losses which were recorded in Investment fair value changes, net, on our consolidated statements of income (loss). At December 31, 2019, there were four residential bridge loan REO assets, four REO assets at our Legacy Sequoia entities, three REO assets at our Freddie Mac SLST entities, and two REO assets at our CAFL entities recorded on our consolidated balance sheets.

X
- Definition Other Assets And Other Liabilities Disclosure + References No definition available. + Details
Name: | rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration