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Asset-Backed Securities Issued - Schedule of Asset-Backed Securities Issued (Details)
Sep. 30, 2024
USD ($)
series
Dec. 31, 2023
USD ($)
series
Debt Instrument [Line Items]    
Fair Value [1] $ 13,019,516,000 $ 9,811,880,000
VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Fair Value 13,019,515,000 9,811,880,000
Asset-backed securities issued | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Unpaid Principal Balance 13,553,415,000 10,588,659,000
Fair Value 13,019,516,000 9,811,880,000
ABS Issued at Fair Value | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Unpaid Principal Balance 13,095,254,000 9,922,113,000
Fair Value 12,564,029,000 9,151,263,000
Sequoia | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Unpaid Principal Balance 8,789,284,000 5,151,646,000
Fair Value $ 8,336,670,000 $ 4,568,660,000
Number of Series 52 42
Sequoia | Minimum | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 2.67% 2.67%
Sequoia | Maximum | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 8.51% 6.66%
CAFL | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Unpaid Principal Balance $ 2,602,033,000 $ 2,987,825,000
Fair Value $ 2,568,074,000 $ 2,879,913,000
Number of Series | series 18 19
CAFL | Minimum | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 2.74% 2.69%
CAFL | Maximum | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 7.89% 7.89%
Freddie Mac SLST | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Unpaid Principal Balance $ 1,092,540,000 $ 1,147,111,000
Fair Value $ 1,053,882,000 $ 1,088,225,000
Weighted Average Interest Rate 3.50%  
Number of Series | series 2 2
Freddie Mac SLST | Minimum | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Weighted Average Interest Rate   3.50%
Freddie Mac K-Series | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Unpaid Principal Balance $ 395,982,000 $ 402,400,000
Fair Value $ 391,194,000 $ 391,977,000
Weighted Average Interest Rate 3.41% 3.55%
Number of Series | series 1 1
HEI | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Unpaid Principal Balance $ 215,415,000 $ 233,131,000
Fair Value $ 214,209,000 $ 222,488,000
Number of Series | series 2 2
HEI | Minimum | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 3.94% 3.86%
HEI | Maximum | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 6.71% 6.70%
ABS Issued at Amortized Cost | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Unpaid Principal Balance $ 458,161,000 $ 666,546,000
Fair Value 455,487,000 660,617,000
CAFL | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Unpaid Principal Balance 302,184,000 485,000,000
Fair Value $ 302,184,000 $ 483,065,000
Number of Series | series 2 2
CAFL | Minimum | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 2.31% 2.34%
CAFL | Maximum | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Weighted Average Interest Rate 4.35% 4.36%
Freddie Mac SLST | VIEs | Collateralized Financing Entities    
Debt Instrument [Line Items]    
Unpaid Principal Balance $ 155,977,000 $ 181,546,000
Fair Value $ 153,303,000 $ 177,552,000
Weighted Average Interest Rate 7.50% 7.50%
Number of Series | series 1 1
[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.