CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) $ in Thousands		Mar. 31, 2022	Dec. 31, 2021
ABS issued, net, Fair value		$ 8,475,868	$ 8,843,147
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)		120,289,243	114,892,309
Common stock, outstanding (in shares)		120,289,243	114,892,309
Assets	[1]	$ 14,253,292	$ 14,706,944
Liabilities	[1]	12,808,026	13,320,857
Variable Interest Entity, Primary Beneficiary
Assets		10,250,802	10,661,081
Liabilities		$ 9,202,156	$ 9,619,347

[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.