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Basis of Presentation - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
Jul. 01, 2022
Sep. 30, 2022
Dec. 31, 2021
Allocated to:      
Goodwill [1]   $ 23,373 $ 0
Riverbend Funding, LLC      
Purchase price:      
Cash $ 44,126    
Provisional consideration payable 477    
Contingent consideration, at fair value 0    
Total consideration 44,603    
Allocated to:      
Business purpose loans, at fair value 59,748    
Other investments 2,443    
Cash and cash equivalents 3,490    
Other assets 13,306    
Goodwill 23,373 $ 23,373 $ 0
Intangible assets 13,300    
Total assets acquired 115,660    
Short-term debt, net 67,423    
Accrued expenses and other liabilities 3,634    
Total liabilities assumed 71,057    
Total net assets acquired $ 44,603    
[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.