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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ABS issued, net, At fair value $ 7,424,132 $ 8,843,147
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, authorized (in shares) 395,000,000 395,000,000
Common stock, issued (in shares) 113,484,675 114,892,309
Common stock, outstanding (in shares) 113,484,675 114,892,309
Assets [1] $ 13,030,899 $ 14,706,944
Variable Interest Entity, Primary Beneficiary    
Assets 9,257,291 10,661,081
Liabilities $ 8,270,276 $ 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 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.