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Other Assets and Liabilities - Schedule of Other Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
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Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |  |  |  |
REO |  | $ 93,599 | $ 6,455 | $ 36,126
Accrued interest receivable |  | 69,072 | 60,893 |
Investment receivable |  | 67,302 | 36,623 |
Deferred tax asset |  | 40,115 | 41,931 |
Margin receivable |  | 33,414 | 13,802 |
Operating lease right-of-use assets |  | 12,532 | 16,177 |
Fixed assets and leasehold improvements |  | 7,829 | 12,616 |
Income tax receivables |  | 2,082 | 3,399 |
Other |  | 25,166 | 19,344 |
Total Other Assets | [1] | 351,109 | $ 211,240 |
Fixed assets |  | 17,000 |  |
Accumulated depreciation |  | $ (10,000) |  |
[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, 2023 and 2022, assets of consolidated VIEs totaled $10,988,885 and $9,257,291, respectively. At December 31, 2023 and 2022, liabilities of consolidated VIEs totaled $10,096,308 and $8,270,276, respectively. See Note 4 for further discussion.

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