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Other Assets and Liabilities - Components of Other Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020
--- | --- | ---
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |  |  |
Accrued interest receivable |  | $ 41,997 | $ 39,445
Investment receivable |  | 32,420 | 43,176
Deferred tax asset |  | 20,153 | 871
REO |  | 18,863 | 8,413
Margin receivable |  | 16,503 | 4,758
Operating lease right-of-use assets |  | 13,659 | 15,012
Fixed assets and leasehold improvements |  | 9,344 | 4,203
Pledged collateral |  | 0 | 1,177
Other |  | 9,254 | 13,533
Total Other Assets | [1] | 162,193 | $ 130,588
Fixed assets |  | 17,000 |
Accumulated depreciation |  | $ 7,000 |
[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 September 30, 2021 and December 31, 2020, assets of consolidated VIEs totaled $9,358,317 and $8,141,069, respectively. At September 30, 2021 and December 31, 2020, liabilities of consolidated VIEs totaled $8,391,761 and $7,348,713, respectively. See Note 4 for further discussion.

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