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Other Assets and Liabilities - Components of Other Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |  |  |
REO |  | $ 91,313 | $ 93,599
Accrued interest receivable |  | 79,491 | 69,072
Investment receivable |  | 50,917 | 67,302
Deferred tax asset |  | 40,116 | 40,115
Margin receivable |  | 19,409 | 33,414
Operating lease right-of-use assets |  | 11,539 | 12,532
Fixed assets and leasehold improvements |  | 7,225 | 7,829
Income tax receivables |  | 1,134 | 2,082
Other |  | 32,487 | 25,164
Total Other Assets | [1] | 333,631 | $ 351,109
Fixed assets |  | 18,000 |
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 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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