v3.26.1
Other Assets and Liabilities - Schedule of Components of Accrued Expenses and Other Liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Payable to non-controlling interests $ 119,020 $ 120,177
Accrued interest payable 105,110 81,851
Margin payable 48,251 47,264
Accrued compensation 20,769 39,964
Current accounts payable 17,474 9,698
Unsettled trades 16,068 32,046
Accrued operating expenses 13,468 11,617
Operating lease liabilities 13,449 10,666
Guarantee obligations 3,689 1,267
Repurchase reserve 2,507 7,466
Preferred stock dividends payable 1,478 1,478
Bridge loan holdbacks 487 2,253
Accrued taxes payable 0 1,437
Other 39,129 31,751
Total Accrued Expenses and Other Liabilities [1] $ 400,899 $ 398,935
[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, 2026 and December 31, 2025, assets of consolidated VIEs totaled $24,372,361 and $18,927,094, respectively. At June 30, 2026 and December 31, 2025, liabilities of consolidated VIEs totaled $22,877,902 and $17,850,175, respectively. See Note 16 for further discussion.