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Other Assets and Liabilities - Summary of Other Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]      
Accrued interest receivable $ 60,893 $ 47,515  
Deferred tax asset 41,931 20,867  
Investment receivable 36,623 82,781  
Operating lease right-of-use assets 16,177 18,772  
Margin receivable 13,802 7,269  
Fixed assets and leasehold improvements 12,616 9,019  
REO 6,455 36,126 $ 8,413
Income tax receivables 3,399 22  
Other 19,346 8,746  
Total Other Assets [1] 211,240 $ 231,117  
Fixed assets 21,000    
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, 2022 and 2021, assets of consolidated VIEs totaled $9,257,291 and $10,661,081, respectively. At December 31, 2022 and 2021, liabilities of consolidated VIEs totaled $8,270,276 and $9,619,347, respectively. See Note 4 for further discussion.