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Other Assets and Liabilities - Summary of Other Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]      
Investment receivable $ 82,781 $ 43,176  
Accrued interest receivable 47,515 39,445  
REO 36,126 8,413 $ 9,462
Deferred tax asset 20,867 871  
Operating lease right-of-use assets 18,772 15,012  
Fixed assets and leasehold improvements 9,019 4,203  
Margin receivable 7,269 4,758  
Pledged collateral 0 1,177  
Other 8,768 13,533  
Total Other Assets [1] 231,117 $ 130,588  
Fixed assets basis 17,000    
Fixed assets, accumulated depreciation $ 8,000    
[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, 2021 and 2020, assets of consolidated VIEs totaled $10,661,081 and $8,141,069, respectively. At December 31, 2021 and 2020, liabilities of consolidated VIEs totaled $9,619,347 and $7,148,414, respectively. See Note 4 for further discussion.