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Short-Term Debt - Remaining Maturities of Short Term Debt (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Short-term Debt [Line Items]    
Short-term debt [1] $ 1,476,654 $ 2,029,679
Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 134,100  
31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 667,189  
Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 675,365  
Facilities    
Short-term Debt [Line Items]    
Short-term debt 1,031,866 1,620,096
Facilities | Held-for-sale residential loans    
Short-term Debt [Line Items]    
Short-term debt 548,334 703,406
Facilities | Held-for-sale residential loans | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 46,844  
Facilities | Held-for-sale residential loans | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 314,269  
Facilities | Held-for-sale residential loans | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 187,221  
Facilities | Business purpose loans    
Short-term Debt [Line Items]    
Short-term debt 70,424  
Facilities | Business purpose loans | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Business purpose loans | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Business purpose loans | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 70,424  
Facilities | Real estate securities    
Short-term Debt [Line Items]    
Short-term debt 364,341  
Facilities | Real estate securities | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 38,786  
Facilities | Real estate securities | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 182,275  
Facilities | Real estate securities | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 143,280  
Facilities | MSRs    
Short-term Debt [Line Items]    
Short-term debt 48,470  
Facilities | MSRs | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 48,470  
Facilities | MSRs | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | MSRs | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | HEI warehouse    
Short-term Debt [Line Items]    
Short-term debt 126,803 111,681
Facilities | HEI warehouse | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | HEI warehouse | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | HEI warehouse | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 126,803  
Servicer advance financing    
Short-term Debt [Line Items]    
Short-term debt 154,127 206,510
Servicer advance financing | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Servicer advance financing | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 154,127  
Servicer advance financing | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Total Secured Short-Term Debt Facilities    
Short-term Debt [Line Items]    
Short-term debt 1,312,499  
Total Secured Short-Term Debt Facilities | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 134,100  
Total Secured Short-Term Debt Facilities | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 650,671  
Total Secured Short-Term Debt Facilities | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 527,728  
Promissory notes    
Short-term Debt [Line Items]    
Short-term debt 16,518 27,058
Promissory notes | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Promissory notes | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 16,518  
Promissory notes | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net    
Short-term Debt [Line Items]    
Short-term debt 147,637 $ 176,015
Convertible notes, net | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt $ 147,637  
[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, 2023 and December 31, 2022, assets of consolidated VIEs totaled $9,639,117 and $9,257,291, respectively. At September 30, 2023 and December 31, 2022, liabilities of consolidated VIEs totaled $8,635,696 and $8,270,276, respectively. See Note 4 for further discussion.