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Other Assets and Liabilities - Summary of Other Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019
--- | --- | ---
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |  |  |
Investment receivable |  | $ 43,176 | $ 23,330
Accrued interest receivable |  | 39,445 | 71,058
Operating lease right-of-use assets |  | 15,012 | 11,866
REO |  | 8,413 | 9,462
FHLBC stock |  | 5,000 | 43,393
Margin receivable |  | 4,758 | 209,776
Fixed assets and leasehold improvements |  | 4,203 | 4,901
Pledged collateral |  | 1,177 | 32,945
Other |  | 9,404 | 12,590
Total Other Assets | [1] | 130,588 | $ 419,321
Fixed assets basis |  | 11,000 |
Fixed assets, accumulated depreciation |  | $ 6,000 |
[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 Redwood Trust, Inc. or its affiliates. At December 31, 2020 and December 31, 2019, assets of consolidated VIEs totaled $8,141,069 and $11,931,869, respectively. At December 31, 2020 and December 31, 2019, liabilities of consolidated VIEs totaled $7,148,414 and $10,717,072, respectively. See Note 4 for further discussion.

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