XML 116 R106.htm IDEA: XBRL DOCUMENT v3.22.2
Other Assets and Liabilities - Accrued Expenses and Other Liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Payable to non-controlling interests $ 49,544 $ 42,670
Accrued interest payable 42,548 39,297
Operating lease liabilities 19,448 20,960
Accrued compensation 17,765 74,636
Margin payable 15,023 24,368
Accrued operating expenses 8,743 4,377
Guarantee obligations 6,768 7,459
Residential loan and MSR repurchase reserve 5,678 9,306
Current accounts payable 5,518 8,273
Bridge loan holdbacks 3,983 3,109
Other 15,807 11,333
Accrued expenses and other liabilities [1] $ 190,825 $ 245,788
[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, 2022 and December 31, 2021, assets of consolidated VIEs totaled $9,951,520 and $10,661,081, respectively. At June 30, 2022 and December 31, 2021, liabilities of consolidated VIEs totaled $8,899,020 and $9,619,347, respectively. See Note 4 for further discussion.