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Segment Information - Supplemental Information by Segment (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Segment Reporting Information [Line Items]    
Real estate securities [1] $ 358,882 $ 377,411
Other investments [1] 635,581 641,969
Intangible assets [1] 38,027 41,561
Total Assets [1] 14,253,292 14,706,944
Residential loans    
Segment Reporting Information [Line Items]    
Fair value of loans 7,217,137 7,592,432
Business purpose loans    
Segment Reporting Information [Line Items]    
Fair value of loans 4,754,778 4,790,989
Multifamily loans    
Segment Reporting Information [Line Items]    
Fair value of loans 451,804 473,514
Operating Segments | Residential Mortgage Banking    
Segment Reporting Information [Line Items]    
Real estate securities 7,714 4,927
Other investments 0 0
Intangible assets 0 0
Total Assets 1,234,502 1,716,285
Operating Segments | Residential Mortgage Banking | Residential loans    
Segment Reporting Information [Line Items]    
Fair value of loans 1,101,006 1,673,235
Operating Segments | Residential Mortgage Banking | Business purpose loans    
Segment Reporting Information [Line Items]    
Fair value of loans 0 0
Operating Segments | Residential Mortgage Banking | Multifamily loans    
Segment Reporting Information [Line Items]    
Fair value of loans 0 0
Operating Segments | Business Purpose Mortgage Banking    
Segment Reporting Information [Line Items]    
Real estate securities 0 0
Other investments 0 0
Intangible assets 38,027 41,561
Total Assets 607,991 464,967
Operating Segments | Business Purpose Mortgage Banking | Residential loans    
Segment Reporting Information [Line Items]    
Fair value of loans 0 0
Operating Segments | Business Purpose Mortgage Banking | Business purpose loans    
Segment Reporting Information [Line Items]    
Fair value of loans 496,280 347,860
Operating Segments | Business Purpose Mortgage Banking | Multifamily loans    
Segment Reporting Information [Line Items]    
Fair value of loans 0 0
Operating Segments | Investment Portfolio    
Segment Reporting Information [Line Items]    
Real estate securities 351,168 372,484
Other investments 595,056 606,267
Intangible assets 0 0
Total Assets 11,546,776 11,770,486
Operating Segments | Investment Portfolio | Residential loans    
Segment Reporting Information [Line Items]    
Fair value of loans 5,893,918 5,688,742
Operating Segments | Investment Portfolio | Business purpose loans    
Segment Reporting Information [Line Items]    
Fair value of loans 4,258,498 4,443,129
Operating Segments | Investment Portfolio | Multifamily loans    
Segment Reporting Information [Line Items]    
Fair value of loans 451,804 473,514
Corporate/ Other    
Segment Reporting Information [Line Items]    
Real estate securities 0 0
Other investments 40,525 35,702
Intangible assets 0 0
Total Assets 864,023 755,206
Corporate/ Other | Residential loans    
Segment Reporting Information [Line Items]    
Fair value of loans 222,213 230,455
Corporate/ Other | Business purpose loans    
Segment Reporting Information [Line Items]    
Fair value of loans 0 0
Corporate/ Other | Multifamily loans    
Segment Reporting Information [Line Items]    
Fair value of loans $ 0 $ 0
[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, 2022 and December 31, 2021, assets of consolidated VIEs totaled $10,250,802 and $10,661,081, respectively. At March 31, 2022 and December 31, 2021, liabilities of consolidated VIEs totaled $9,202,156 and $9,619,347, respectively. See Note 4 for further discussion.