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CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021
--- | --- | ---
ABS issued, net, At fair value |  | $ 7,993,953 | $ 8,843,147
Common stock, par value (usd per share) |  | $ 0.01 | $ 0.01
Common stock, authorized (in shares) |  | 395,000,000 | 395,000,000
Common stock, issued (in shares) |  | 116,753,174 | 114,892,309
Common stock, outstanding (in shares) |  | 116,753,174 | 114,892,309
Assets | [1] | $ 13,875,536 | $ 14,706,944
Liabilities | [1] | 12,617,445 | 13,320,857
Variable Interest Entity, Primary Beneficiary |  |  |
Assets |  | 9,951,520 | 10,661,081
Liabilities |  | $ 8,899,020 | $ 9,619,347
[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 June 30, 2022 and December 31, 2021, assets of consolidated VIEs totaled $9,951,520 and $10,661,081, respectively. At June 30, 2022 and December 31, 2021, liabilities of consolidated VIEs totaled $8,899,020 and $9,619,347, respectively. See Note 4 for further discussion.

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