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Other Assets and Liabilities - Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |  |  |
Payable to noncontrolling interests |  | $ 86,860 | $ 81,177
Accrued interest payable |  | 60,925 | 52,755
Accrued compensation |  | 18,529 | 28,140
Operating lease liabilities |  | 13,659 | 14,725
Unsettled trades |  | 13,404 | 0
Accrued operating expenses |  | 9,265 | 5,527
Guarantee obligations |  | 5,650 | 5,781
Residential consumer loan and MSR repurchase reserve |  | 4,878 | 4,700
Current accounts payable |  | 4,481 | 4,992
Bridge loan holdbacks |  | 2,185 | 2,059
Preferred stock dividends payable |  | 1,478 | 1,478
Margin payable |  | 0 | 350
Other |  | 19,877 | 15,119
Accrued expenses and other liabilities | [1] | $ 241,191 | $ 216,803
[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 March 31, 2024 and December 31, 2023, assets of consolidated VIEs totaled $11,850,461 and $10,988,885, respectively. At March 31, 2024 and December 31, 2023, liabilities of consolidated VIEs totaled $10,921,862 and $10,096,308, respectively. See Note 4 for further discussion.

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