CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Mar. 31, 2020		Dec. 31, 2019
ASSETS
Real estate securities, at fair value	[1]	$ 293,462		$ 1,099,874
Other investments	[1]	446,220		358,130
Cash and cash equivalents	[1]	378,233		196,966
Restricted cash	[1]	25,752		93,867
Goodwill and intangible assets	[1]	68,483		161,464
Accrued interest receivable	[1]	57,215		71,058
Derivative assets	[1]	90,717		35,701
Other assets	[1]	295,353		348,263
Total Assets	[1]	12,300,790		17,995,440
Liabilities
Short-term debt, net	[1]	2,341,648		2,329,145
Accrued interest payable	[1]	40,102		60,655
Derivative liabilities	[1]	114,614		163,424
Accrued expenses and other liabilities	[1]	163,599		146,238
Asset-backed securities issued, at fair value	[1]	6,461,864		10,515,475
Long-term debt, net	[1]	2,453,761		2,953,272
Total liabilities	[1]	11,575,588		16,168,209
Commitments and Contingencies	[1]
Equity
Common stock, par value $0.01 per share, 270,000,000 shares authorized; 114,837,533 and 114,353,036 issued and outstanding	[1]	1,148		1,144
Additional paid-in capital	[1]	2,275,808		2,269,617
Accumulated other comprehensive income	[1]	(85,531)		41,513
Cumulative earnings	[1]	635,726		1,579,124
Cumulative distributions to stockholders	[1]	(2,101,949)		(2,064,167)
Total equity	[1]	725,202		1,827,231
Total Liabilities and Equity	[1]	12,300,790		17,995,440
Residential loans, held-for-sale, at fair value
ASSETS
Loans, at fair value	[1]	2,330,669		536,385
Residential loans, held-for-investment, at fair value
ASSETS
Loans, at fair value	[1]	4,380,460		7,178,465
Business purpose residential loans, held-for-sale, at fair value
ASSETS
Loans, at fair value	[1]	415,333		331,565
Business purpose residential loans, held-for-investment, at fair value
ASSETS
Loans, at fair value		3,048,409	[1]	3,175,178
Multifamily loans, held-for-investment, at fair value
ASSETS
Loans, at fair value	[1]	470,484		4,408,524
Variable Interest Entity, Primary Beneficiary
ASSETS
Total Assets		7,470,706		11,931,869
Liabilities
Total liabilities		$ 6,759,260		$ 10,717,072

[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 March 31, 2020 and December 31, 2019, assets of consolidated VIEs totaled $7,470,706 and $11,931,869, respectively. At March 31, 2020 and December 31, 2019, liabilities of consolidated VIEs totaled $6,759,260 and $10,717,072, respectively. See Note 4 for further discussion.