XML 149 R130.htm IDEA: XBRL DOCUMENT v3.24.0.1
Asset-Backed Securities Issued - Additional Information (Details) - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2053
Dec. 31, 2052
May 31, 2029
May 29, 2029
Mar. 31, 2029
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Debt Instrument [Line Items]                    
Restricted cash $ 75,684,000 [1]           $ 70,470,000 [1]   $ 81,000,000  
Other assets [1] 351,109,000           211,240,000      
Variable Interest Entity, Primary Beneficiary | HEI | Redemption beginning in October 2025                    
Debt Instrument [Line Items]                    
ABS issued, at amortized cost 139,000,000                  
Variable Interest Entity, Primary Beneficiary | HEI | Redemption beginning in September 2023                    
Debt Instrument [Line Items]                    
ABS issued, at amortized cost                   $ 146,000,000
CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, first 24 months through December 2025                    
Debt Instrument [Line Items]                    
ABS issued, at amortized cost 231,000,000                  
CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, first 24 months through May 2024                    
Debt Instrument [Line Items]                    
ABS issued, at amortized cost               $ 215,000,000    
CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, first 30 months through March 2024                    
Debt Instrument [Line Items]                    
ABS issued, at amortized cost                   $ 270,000,000
CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption beginning in November 2025                    
Debt Instrument [Line Items]                    
ABS issued, at amortized cost 184,000,000                  
2022 Asset Backed Securities Sold | CoreVest | Redemption, first 24 months through December 2025                    
Debt Instrument [Line Items]                    
Debt instrument, face amount 231,000,000                  
Bridge loan 250,000,000                  
Restricted cash 2,000,000                  
Other assets 3,000,000                  
2022 Asset Backed Securities Sold | CoreVest | Redemption, first 24 months through May 2024                    
Debt Instrument [Line Items]                    
Debt instrument, face amount 215,000,000                  
Bridge loan 225,000,000                  
Restricted cash 15,000,000                  
Other assets 11,000,000                  
2022 Asset Backed Securities Sold | CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, first 24 months through May 2024                    
Debt Instrument [Line Items]                    
Debt instrument, face amount 213,000,000                  
Debt discount 2,000,000                  
2022 Asset Backed Securities Sold | CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption beginning in November 2025                    
Debt Instrument [Line Items]                    
Debt instrument, face amount 178,000,000                  
Debt discount 4,000,000                  
Asset-backed Securities | Variable Interest Entity, Primary Beneficiary | Forecast | Redemption, first 30 months through March 2024                    
Debt Instrument [Line Items]                    
Debt instrument, interest rate (as a percent)           2.00%        
Asset-backed Securities | Variable Interest Entity, Primary Beneficiary | Forecast | Redemption beginning in October 2025                    
Debt Instrument [Line Items]                    
Debt instrument, interest rate (as a percent)   3.00%                
Asset-backed Securities | Variable Interest Entity, Primary Beneficiary | Forecast | Redemption beginning in September 2023                    
Debt Instrument [Line Items]                    
Debt instrument, interest rate (as a percent)     2.00%              
Asset-backed Securities | CoreVest                    
Debt Instrument [Line Items]                    
Debt instrument, face amount 485,000,000           485,000,000      
Asset-backed Securities | CoreVest | Redemption, first 24 months through December 2025                    
Debt Instrument [Line Items]                    
Securitized asset backed securities, borrowing capacity 250,000,000                  
Asset-backed Securities | CoreVest | Redemption, first 24 months through May 2024                    
Debt Instrument [Line Items]                    
Securitized asset backed securities, borrowing capacity 250,000,000                  
Asset-backed Securities | CoreVest | Redemption, first 30 months through March 2024                    
Debt Instrument [Line Items]                    
Bridge loan 287,000,000                  
Restricted cash 17,000,000                  
Other assets 6,000,000                  
Asset-backed Securities | CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, first 24 months through December 2025                    
Debt Instrument [Line Items]                    
Debt instrument, face amount $ 232,000,000                  
Debt instrument, interest rate (as a percent) 7.89%                  
Asset-backed Securities | CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, first 24 months through May 2024                    
Debt Instrument [Line Items]                    
Debt instrument, interest rate (as a percent) 4.32%                  
Asset-backed Securities | CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, first 30 months through March 2024                    
Debt Instrument [Line Items]                    
Debt instrument, face amount $ 270,000,000                  
Debt discount $ 300,000                  
Asset-backed Securities | CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption beginning in November 2025                    
Debt Instrument [Line Items]                    
Debt instrument, interest rate (as a percent) 7.50%                  
Interest rate if no redemption right exercised 10.50%                  
Asset-backed Securities | Freddie Mac SLST                    
Debt Instrument [Line Items]                    
Debt instrument, face amount $ 182,000,000           $ 86,000,000      
2021 Asset Backed Securities Sold | Variable Interest Entity, Primary Beneficiary | Forecast | Redemption, first 24 months through December 2025                    
Debt Instrument [Line Items]                    
Debt instrument, interest rate (as a percent)       1.50%            
2021 Asset Backed Securities Sold | Variable Interest Entity, Primary Beneficiary | Forecast | Redemption, first 24 months through May 2024                    
Debt Instrument [Line Items]                    
Debt instrument, interest rate (as a percent)         2.00%          
2021 Asset Backed Securities Sold | CoreVest | Redemption, first 30 months through March 2024                    
Debt Instrument [Line Items]                    
Debt instrument, face amount 270,000,000                  
Securitized asset backed securities, borrowing capacity 300,000,000                  
2021 Asset Backed Securities Sold | CoreVest | Redemption beginning in November 2025                    
Debt Instrument [Line Items]                    
Debt instrument, face amount $ 182,000,000                  
2021 Asset Backed Securities Sold | CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, first 30 months through March 2024                    
Debt Instrument [Line Items]                    
Debt instrument, interest rate (as a percent) 2.34%                  
Contractual maturities of over five years | Asset-backed Securities                    
Debt Instrument [Line Items]                    
Contractual maturities of ABS (in years) 5 years                  
[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.