CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
ABS issued, net, At fair value		$ 7,968,135	$ 7,424,132
Preferred stock, par value (usd per share)		$ 0.01	$ 0.01
Preferred stock, authorized (in shares)		2,800,000	2,800,000
Preferred stock, issued (in shares)		2,800,000	0
Preferred stock, outstanding (in shares)		2,800,000	0
Common stock, par value (usd per share)		$ 0.01	$ 0.01
Common stock, authorized (in shares)		395,000,000	395,000,000
Common stock, issued (in shares)		113,864,456	113,484,675
Common stock, outstanding (in shares)		113,864,456	113,484,675
Assets	[1]	$ 13,121,286	$ 13,030,899
Liabilities	[1]	11,983,606	11,946,914
Variable Interest Entity, Primary Beneficiary
Assets		9,836,956	9,257,291
Liabilities		$ 8,729,585	$ 8,270,276

[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, 2023 and December 31, 2022, assets of consolidated VIEs totaled $9,836,956 and $9,257,291, respectively. At March 31, 2023 and December 31, 2022, liabilities of consolidated VIEs totaled $8,729,585 and $8,270,276, respectively. See Note 4 for further discussion.