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v3.23.1

Segment Information - Supplemental Information by Segment (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Segment Reporting Information [Line Items] |  |  |
Real estate securities | [1] | $ 243,346 | $ 240,475
Home equity investments |  | 416,783 | 403,462
Other investments | [1] | 381,690 | 390,938
Goodwill | [1] | 23,373 | 23,373
Intangible assets |  | 37,784 | 40,892
Total Assets | [1] | 13,121,286 | 13,030,899
Residential loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 5,492,858 | 5,613,188
Business purpose loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 5,364,649 | 5,332,586
Consolidated Agency multifamily loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 426,599 | 424,551
Operating Segments | Residential Mortgage Banking |  |  |
Segment Reporting Information [Line Items] |  |  |
Real estate securities |  | 1,700 | 0
Home equity investments |  | 0 | 0
Other investments |  | 0 | 0
Goodwill |  | 0 | 0
Intangible assets |  | 0 | 0
Total Assets |  | 43,095 | 660,916
Operating Segments | Residential Mortgage Banking | Residential loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 26,975 | 628,160
Operating Segments | Residential Mortgage Banking | Business purpose loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 0 | 0
Operating Segments | Residential Mortgage Banking | Consolidated Agency multifamily loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 0 | 0
Operating Segments | Business Purpose Mortgage Banking |  |  |
Segment Reporting Information [Line Items] |  |  |
Real estate securities |  | 0 | 0
Home equity investments |  | 0 | 0
Other investments |  | 0 | 0
Goodwill |  | 23,373 | 23,373
Intangible assets |  | 37,784 | 40,892
Total Assets |  | 469,959 | 487,159
Operating Segments | Business Purpose Mortgage Banking | Residential loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 0 | 0
Operating Segments | Business Purpose Mortgage Banking | Business purpose loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 371,385 | 364,073
Operating Segments | Business Purpose Mortgage Banking | Consolidated Agency multifamily loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 0 | 0
Operating Segments | Investment Portfolio |  |  |
Segment Reporting Information [Line Items] |  |  |
Real estate securities |  | 241,646 | 240,475
Home equity investments |  | 416,783 | 403,462
Other investments |  | 324,293 | 334,420
Goodwill |  | 0 | 0
Intangible assets |  | 0 | 0
Total Assets |  | 11,898,454 | 11,303,991
Operating Segments | Investment Portfolio | Residential loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 5,295,883 | 4,800,096
Operating Segments | Investment Portfolio | Business purpose loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 4,993,264 | 4,968,513
Operating Segments | Investment Portfolio | Consolidated Agency multifamily loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 426,599 | 424,551
Corporate/ Other |  |  |
Segment Reporting Information [Line Items] |  |  |
Real estate securities |  | 0 | 0
Home equity investments |  | 0 | 0
Other investments |  | 57,397 | 56,518
Goodwill |  | 0 | 0
Intangible assets |  | 0 | 0
Total Assets |  | 709,778 | 578,833
Corporate/ Other | Residential loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 170,000 | 184,932
Corporate/ Other | Business purpose loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | 0 | 0
Corporate/ Other | Consolidated Agency multifamily loans |  |  |
Segment Reporting Information [Line Items] |  |  |
Fair value of loans |  | $ 0 | $ 0
[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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