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v3.23.1

Other Assets and Liabilities - Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |  |  |
Accrued interest payable |  | $ 51,321 | $ 46,612
Payable to noncontrolling interests |  | 46,203 | 44,859
Accrued compensation |  | 20,148 | 30,929
Operating lease liabilities |  | 17,638 | 18,563
Guarantee obligations |  | 6,223 | 6,344
Residential loan and MSR repurchase reserve |  | 5,858 | 7,051
Accrued operating expenses |  | 5,696 | 5,740
Current accounts payable |  | 3,162 | 4,234
Bridge loan holdbacks |  | 2,953 | 3,301
Margin payable |  | 2,558 | 5,944
Unsettled trades |  | 1,704 | 0
Preferred stock dividends payable |  | 1,419 | 0
Other |  | 11,388 | 6,626
Accrued expenses and other liabilities | [1] | $ 176,271 | $ 180,203
[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 March 31, 2023 and December 31, 2022, assets of consolidated VIEs totaled $9,836,956 and $9,257,291, respectively. At March 31, 2023 and December 31, 2022, liabilities of consolidated VIEs totaled $8,729,585 and $8,270,276, respectively. See Note 4 for further discussion.

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