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Other Assets and Liabilities - Schedule of Components of Other Assets (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Jun. 30, 2024
Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]      
Accrued interest receivable $ 103,035   $ 69,072
Real estate owned 94,598 $ 99,885 93,599
Investment receivable 67,576   67,302
Deferred tax asset 40,116   40,115
Margin receivable 27,090   33,414
Goodwill 23,373   23,373
Intangible assets 21,252   28,462
Operating lease right-of-use assets 9,759   12,532
Fixed assets and leasehold improvements 6,140   7,829
Other 34,748   27,246
Total Other Assets [1] 427,687   $ 402,944
Fixed assets 18,000    
Accumulated depreciation $ (12,000)    
[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 September 30, 2024 and December 31, 2023, assets of consolidated VIEs totaled $14,312,672 and $10,988,885, respectively. At September 30, 2024 and December 31, 2023, liabilities of consolidated VIEs totaled $13,354,497 and $10,096,308, respectively. See Note 15 for further discussion.