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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.