XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Real estate securities, at fair value [1] $ 353,286 $ 344,125
Other investments [1] 422,366 348,175
Cash and cash equivalents [1] 556,989 461,260
Restricted cash [1] 88,717 83,190
Intangible assets [1] 45,246 56,865
Derivative assets [1] 51,103 53,238
Other assets [1] 162,193 130,588
Total Assets [1] 13,072,714 10,355,066
Liabilities    
Short-term debt, net [1] 1,750,941 522,609
Derivative liabilities [1] 10,972 16,072
Accrued expenses and other liabilities [1] 251,576 179,340
Asset-backed securities issued (includes $7,756,101 and $6,900,362 at fair value), net [1] 8,183,825 7,100,661
Long-term debt, net [1] 1,499,577 1,425,485
Total liabilities [1] 11,696,891 9,244,167
Commitments and Contingencies [1]
Equity    
Common stock, par value $0.01 per share, 395,000,000 shares authorized; 114,661,762 and 112,090,006 issued and outstanding [1] 1,147 1,121
Additional paid-in capital [1] 2,312,272 2,264,874
Accumulated other comprehensive income (loss) [1] 1,923 (4,221)
Cumulative earnings [1] 1,272,845 997,277
Cumulative distributions to stockholders [1] (2,212,364) (2,148,152)
Total equity [1] 1,375,823 1,110,899
Total Liabilities and Equity [1] 13,072,714 10,355,066
Residential loans, held-for-sale, at fair value    
ASSETS    
Fair value of loans [1] 1,495,079 176,641
Residential loans, held-for-investment, at fair value    
ASSETS    
Fair value of loans [1] 4,721,389 4,072,410
Business purpose loans, held-for-sale, at fair value    
ASSETS    
Fair value of loans [1] 466,346 245,394
Business purpose loans, held-for-investment, at fair value    
ASSETS    
Fair value of loans [1] 4,227,209 3,890,959
Multifamily loans    
ASSETS    
Fair value of loans [1] $ 482,791 $ 492,221
[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.