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Other Assets and Liabilities - Schedule of Accrued Expenses and Other Liabilities (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Payable to noncontrolling interests $ 104,444 $ 81,177
Margin payable 74,378 350
Accrued interest payable 74,097 52,755
Accrued compensation 31,294 28,140
Operating lease liabilities 11,707 14,725
Accrued operating expenses 11,308 5,527
Accrued taxes payable 11,166 0
Current accounts payable 6,504 4,992
Unsettled trades 4,107 0
Guarantee obligations 3,753 5,781
Residential consumer loan and MSR repurchase reserve 3,556 4,700
Bridge loan holdbacks 2,148 2,059
Dividends payable 1,478 1,478
Other 35,547 15,119
Total Accrued Expenses and Other Liabilities [1] $ 375,487 $ 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 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.