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Basis of Presentation - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | Jul. 01, 2022 | Dec. 31, 2023 | [1] | Dec. 31, 2022 | [1] | Dec. 31, 2021
--- | --- | --- | --- | --- | --- | ---
Allocated to: |  |  |  |
Goodwill |  | $ 23,373 | $ 23,373 | $ 0
Riverbend |  |  |  |
Purchase price: |  |  |  |
Cash | $ 44,126 |  |  |
Provisional consideration payable | 153 |  |  |
Total consideration | 44,279 |  |  |
Allocated to: |  |  |  |
Business purpose loans, at fair value | 59,748 |  |  |
Other investments | 2,443 |  |  |
Cash and cash equivalents | 3,490 |  |  |
Other assets | 12,982 |  |  |
Goodwill | 23,373 |  |  |
Intangible assets | 13,300 |  |  |
Total assets acquired | 115,336 |  |  |
Short-term debt, net | 67,423 |  |  |
Accrued expenses and other liabilities | 3,634 |  |  |
Total liabilities assumed | 71,057 |  |  |
Total net assets acquired | $ 44,279 |  |  |
[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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