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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
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.