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Short-Term Debt - Remaining Maturities of Short Term Debt (Details) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Short-term Debt [Line Items]    
Short-term debt [1] $ 2,110,279 $ 2,177,362
Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 72,233  
31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 345,708  
Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 1,692,338  
Facilities    
Short-term Debt [Line Items]    
Short-term debt 1,648,888 1,882,915
Facilities | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 72,233  
Facilities | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 315,006  
Facilities | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 1,261,649  
Facilities | Held-for-sale residential loans    
Short-term Debt [Line Items]    
Short-term debt 748,962 1,669,344
Facilities | Held-for-sale residential loans | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Held-for-sale residential loans | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 262,804  
Facilities | Held-for-sale residential loans | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 486,158  
Facilities | Business purpose loans    
Short-term Debt [Line Items]    
Short-term debt 775,491  
Facilities | Business purpose loans | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Business purpose loans | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Business purpose loans | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 775,491  
Facilities | Real estate securities    
Short-term Debt [Line Items]    
Short-term debt 124,435  
Facilities | Real estate securities | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 72,233  
Facilities | Real estate securities | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 52,202  
Facilities | Real estate securities | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Servicer advance financing    
Short-term Debt [Line Items]    
Short-term debt 233,104 294,447
Servicer advance financing | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Servicer advance financing | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Servicer advance financing | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 233,104  
Promissory notes    
Short-term Debt [Line Items]    
Short-term debt 30,702  
Promissory notes | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Promissory notes | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 30,702  
Promissory notes | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net    
Short-term Debt [Line Items]    
Short-term debt 197,585 $ 0
Convertible notes, net | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt $ 197,585  
[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.