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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ABS issued, net, At fair value $ 7,910,345 $ 7,424,132
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, authorized (in shares) 2,800,000 2,800,000
Preferred stock, issued (in shares) 2,800,000 0
Preferred stock, outstanding (in shares) 2,800,000 0
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) 118,503,762 113,484,675
Common stock, outstanding (in shares) 118,503,762 113,484,675
Assets [1] $ 13,021,138 $ 13,030,899
Liabilities [1] 11,915,339 11,946,914
Variable Interest Entity, Primary Beneficiary    
Assets 9,639,117 9,257,291
Liabilities $ 8,635,696 $ 8,270,276
[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.