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Other Assets and Liabilities - Schedule of Accrued Expenses and Other Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Payable to non-controlling interests $ 81,177 $ 44,859
Accrued interest payable 52,755 46,612
Accrued compensation 28,140 30,929
Operating lease liabilities 14,725 18,563
Guarantee obligations 5,781 6,344
Accrued operating expenses 5,527 5,740
Current accounts payable 4,992 4,234
Loan repurchase reserves 4,700 7,051
Bridge loan holdbacks 2,059 3,301
Preferred stock dividends payable 1,478 0
Margin payable 350 5,944
Other 15,119 6,627
Total Accrued Expenses and Other Liabilities [1] $ 216,803 $ 180,203
[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.