CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Sep. 30, 2020	Dec. 31, 2019
ASSETS
Real estate securities, at fair value	[1]	$ 351,335	$ 1,099,874
Other investments	[1]	384,628	358,130
Cash and cash equivalents	[1]	450,684	196,966
Restricted cash	[1]	73,594	93,867
Goodwill and intangible assets	[1]	60,737	161,464
Derivative assets	[1]	14,709	35,701
Other assets	[1]	124,273	419,321
Total Assets	[1]	10,402,412	17,995,440
Liabilities
Short-term debt, net	[1]	482,761	2,329,145
Derivative liabilities	[1]	1,612	163,424
Accrued expenses and other liabilities	[1]	155,989	206,893
Asset-backed securities issued (includes $6,969,376 and $10,515,475 at fair value), net	[1]	7,172,398	10,515,475
Long-term debt, net	[1]	1,536,188	2,953,272
Total liabilities	[1]	9,348,948	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; 111,904,322 and 114,353,036 issued and outstanding	[1]	1,119	1,144
Additional paid-in capital	[1]	2,261,911	2,269,617
Accumulated other comprehensive (loss) income	[1]	(20,560)	41,513
Cumulative earnings	[1]	942,982	1,579,124
Cumulative distributions to stockholders	[1]	(2,131,988)	(2,064,167)
Total equity	[1]	1,053,464	1,827,231
Total Liabilities and Equity	[1]	10,402,412	17,995,440
Residential loans, held-for-sale, at fair value
ASSETS
Loans, at fair value	[1]	105,128	536,385
Residential loans, held-for-investment, at fair value
ASSETS
Loans, at fair value	[1]	4,389,808	7,178,465
Business purpose residential loans, held-for-sale, at fair value
ASSETS
Loans, at fair value	[1]	285,549	331,565
Business purpose residential loans, held-for-investment, at fair value
ASSETS
Loans, at fair value	[1]	3,670,552	3,175,178
Multifamily loans
ASSETS
Loans, at fair value	[1]	491,415	4,408,524
Variable Interest Entity, Primary Beneficiary
ASSETS
Other investments		278,487	184,802
Cash and cash equivalents		10,425	9,015
Restricted cash		20,795	21,936
Other assets		5,829	2,700
Total Assets		8,197,095	11,931,869
Liabilities
Short-term debt, net		228,998	152,554
Accrued expenses and other liabilities		18,176	14,983
Asset-backed securities issued (includes $6,969,376 and $10,515,475 at fair value), net		6,969,376	10,515,475
Total liabilities		7,238,047	10,717,072
Variable Interest Entity, Primary Beneficiary | Business purpose residential loans, held-for-investment, at fair value
ASSETS
Loans, at fair value		$ 2,969,692	$ 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 September 30, 2020 and December 31, 2019, assets of consolidated VIEs totaled $8,197,095 and $11,931,869, respectively. At September 30, 2020 and December 31, 2019, liabilities of consolidated VIEs totaled $7,238,047 and $10,717,072, respectively. See Note 4 for further discussion.