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Other Assets and Liabilities - Schedule of Components of Other Assets (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]      
Accrued interest receivable $ 123,213   $ 115,832
Margin receivable 73,082   28,313
Investment receivable 58,468   69,793
Real estate owned 47,731 $ 72,340 91,927
Deferred tax asset 27,145   27,145
Intangible assets 12,634   19,049
Operating lease right-of-use assets 9,736   9,167
Fixed assets and leasehold improvements 5,807   4,674
Other 40,672   49,817
Total Other Assets [1] 398,488   $ 415,717
Fixed assets 20,000    
Accumulated depreciation $ 14,000    
Operating lease right-of-use asset, statement of financial position [Extensible List] Total Other Assets   Total Other Assets
[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, 2025 and December 31, 2024, assets of consolidated VIEs totaled $18,284,133 and $14,654,942, respectively. At September 30, 2025 and December 31, 2024, liabilities of consolidated VIEs totaled $17,164,811 and $13,620,239, respectively. See Note 16 for further discussion.