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Other Assets and Liabilities - Schedule of Components of Other Assets (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Real estate owned $ 99,885 $ 93,599
Accrued interest receivable 92,018 69,072
Investment receivable 62,372 67,302
Deferred tax asset 40,116 40,115
Intangible assets 23,454 28,462
Goodwill 23,373 23,373
Operating lease right-of-use assets 10,621 12,532
Margin receivable 9,758 33,414
Fixed assets and leasehold improvements 6,650 7,829
Other 34,934 27,246
Total Other Assets [1] 403,181 $ 402,944
Fixed assets 18,000  
Accumulated depreciation $ (11,000)  
[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 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.