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Other Assets and Liabilities - Schedule of Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023
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Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |  |  |
Payable to noncontrolling interests |  | $ 97,215 | $ 81,177
Accrued interest payable |  | 60,060 | 52,755
Margin payable |  | 44,583 | 350
Accrued compensation |  | 21,570 | 28,140
Operating lease liabilities |  | 12,656 | 14,725
Accrued operating expenses |  | 9,321 | 5,527
Current accounts payable |  | 4,698 | 4,992
Guarantee obligations |  | 4,649 | 5,781
Accrued taxes payable |  | 4,078 | 0
Unsettled trades |  | 3,859 | 0
Residential consumer loan and MSR repurchase reserve |  | 3,631 | 4,700
Bridge loan holdbacks |  | 2,148 | 2,059
Preferred stock dividends payable |  |  | 1,478
Other |  | 24,290 | 15,119
Total Accrued Expenses and Other Liabilities | [1] | $ 294,236 | $ 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 June 30, 2024 and December 31, 2023, assets of consolidated VIEs totaled $12,844,193 and $10,988,885, respectively. At June 30, 2024 and December 31, 2023, liabilities of consolidated VIEs totaled $11,866,962 and $10,096,308, respectively. See Note 15 for further discussion.

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