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CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ABS issued, net, Fair value $ 7,756,101 $ 6,900,362
Common stock, par value (usd per share) $ 0.01 $ 0.01
Common stock, shares authorized (shares) 395,000,000 395,000,000
Common stock, issued (shares) 114,661,762 112,090,006
Common stock, outstanding (shares) 114,661,762 112,090,006
Assets [1] $ 13,072,714 $ 10,355,066
Liabilities [1] 11,696,891 9,244,167
Variable Interest Entity, Primary Beneficiary    
Assets 9,358,317 8,141,069
Liabilities $ 8,391,761 $ 7,348,713
[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.