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Short-Term Debt - Remaining Maturities of Short Term Debt (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Short-term Debt [Line Items]    
Short-term debt [1] $ 1,251,444 $ 1,558,222
Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 35,846  
31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 183,816  
Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 1,031,782  
Facilities    
Short-term Debt [Line Items]    
Short-term debt 749,104 1,121,395
Facilities | Held-for-sale residential consumer loans    
Short-term Debt [Line Items]    
Short-term debt 470,761 796,537
Facilities | Held-for-sale residential consumer loans | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Held-for-sale residential consumer loans | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 92,411  
Facilities | Held-for-sale residential consumer loans | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 378,350  
Facilities | Residential investor loans    
Short-term Debt [Line Items]    
Short-term debt 31,321  
Facilities | Residential investor loans | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Residential investor loans | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 31,321  
Facilities | Residential investor loans | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Real estate securities    
Short-term Debt [Line Items]    
Short-term debt 304,591  
Facilities | Real estate securities | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 35,846  
Facilities | Real estate securities | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 44,811  
Facilities | Real estate securities | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 223,934  
Facilities | MSRs    
Short-term Debt [Line Items]    
Short-term debt 46,514 47,858
Facilities | MSRs | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | MSRs | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | MSRs | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 46,514  
Facilities | HEI    
Short-term Debt [Line Items]    
Short-term debt 119,851 122,659
Facilities | HEI | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | HEI | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | HEI | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 119,851  
Servicer advance financing    
Short-term Debt [Line Items]    
Short-term debt 147,341 153,653
Servicer advance financing | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Servicer advance financing | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Servicer advance financing | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 147,341  
Total Secured Short-Term Debt Facilities    
Short-term Debt [Line Items]    
Short-term debt 1,120,379  
Total Secured Short-Term Debt Facilities | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 35,846  
Total Secured Short-Term Debt Facilities | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 168,543  
Total Secured Short-Term Debt Facilities | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 915,990  
Promissory notes    
Short-term Debt [Line Items]    
Short-term debt 15,273 16,064
Promissory notes | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Promissory notes | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 15,273  
Promissory notes | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net    
Short-term Debt [Line Items]    
Short-term debt 115,792 $ 142,558
Convertible notes, net | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt $ 115,792  
[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.