CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
ASSETS
Real estate securities, at fair value	[1]	$ 316,436	$ 1,099,874
Other investments	[1]	429,840	358,130
Cash and cash equivalents	[1]	528,612	196,966
Restricted cash	[1]	44,496	93,867
Goodwill and intangible assets	[1]	64,610	161,464
Derivative assets	[1]	357	35,701
Other assets	[1]	171,586	419,321
Total Assets	[1]	10,361,542	17,995,440
Liabilities
Short-term debt, net	[1]	662,807	2,329,145
Derivative liabilities	[1]	1,932	163,424
Accrued expenses and other liabilities	[1]	166,013	206,893
Asset-backed securities issued, at fair value	[1]	6,856,086	10,515,475
Long-term debt, net	[1]	1,738,128	2,953,272
Total liabilities	[1]	9,424,966	16,168,209
Commitments and Contingencies	[1]
Equity
Common stock, par value $0.01 per share, 395,000,000 and 270,000,000 shares authorized; 114,940,197 and 114,353,036 issued and outstanding	[1]	1,149	1,144
Additional paid-in capital	[1]	2,279,625	2,269,617
Accumulated other comprehensive (loss) income	[1]	(29,391)	41,513
Cumulative earnings	[1]	801,170	1,579,124
Cumulative distributions to stockholders	[1]	(2,115,977)	(2,064,167)
Total equity	[1]	936,576	1,827,231
Total Liabilities and Equity	[1]	10,361,542	17,995,440
Residential loans, held-for-sale, at fair value
ASSETS
Loans, at fair value	[1]	20,199	536,385
Residential loans, held-for-investment, at fair value
ASSETS
Loans, at fair value	[1]	4,514,131	7,178,465
Business purpose residential loans, held-for-sale, at fair value
ASSETS
Loans, at fair value	[1]	379,795	331,565
Business purpose residential loans, held-for-investment, at fair value
ASSETS
Loans, at fair value	[1]	3,402,405	3,175,178
Multifamily loans, held-for-investment, at fair value
ASSETS
Loans, at fair value	[1]	489,075	4,408,524
Variable Interest Entity, Primary Beneficiary
ASSETS
Other investments		290,805	184,802
Cash and cash equivalents		2,773	9,015
Restricted cash		30,570	21,936
Other assets		7,680	2,700
Total Assets		7,984,618	11,931,869
Liabilities
Short-term debt, net		244,437	152,554
Accrued expenses and other liabilities		18,071	14,983
Asset-backed securities issued, at fair value		6,856,086	10,515,475
Total liabilities		7,140,221	10,717,072
Variable Interest Entity, Primary Beneficiary | Business purpose residential loans, held-for-investment, at fair value
ASSETS
Loans, at fair value		$ 2,615,038	$ 2,192,552

[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 June 30, 2020 and December 31, 2019, assets of consolidated VIEs totaled $7,984,618 and $11,931,869, respectively. At June 30, 2020 and December 31, 2019, liabilities of consolidated VIEs totaled $7,140,221 and $10,717,072, respectively. See Note 4 for further discussion.