XML 129 R112.htm IDEA: XBRL DOCUMENT v3.22.2.2
Other Assets and Liabilities - Accrued Expenses and Other Liabilities (Details) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Payable to non-controlling interests $ 47,487 $ 42,670
Accrued interest payable 46,938 39,297
Margin payable 30,389 24,368
Accrued compensation 23,488 74,636
Operating lease liabilities 19,533 20,960
Guarantee obligations 6,532 7,459
Residential loan and MSR repurchase reserve 5,754 9,306
Accrued operating expenses 4,956 4,377
Current accounts payable 4,722 8,273
Bridge loan holdbacks 3,930 3,109
Other 7,396 11,333
Accrued expenses and other liabilities [1] $ 201,125 $ 245,788
[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, 2022 and December 31, 2021, assets of consolidated VIEs totaled $9,449,163 and $10,661,081, respectively. At September 30, 2022 and December 31, 2021, liabilities of consolidated VIEs totaled $8,448,479 and $9,619,347, respectively. See Note 4 for further discussion.