2024 Q1 Form 10-K Financial Statement

#000093023624000009 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $214.0M $203.0M $724.5M
YoY Change 19.88% 17.11% 2.35%
Cost Of Revenue $185.0M $174.0M $647.0M
YoY Change 18.9% 12.72% 15.46%
Gross Profit $29.00M $29.00M $115.0M
YoY Change 26.49% 52.81% -22.04%
Gross Profit Margin 13.55% 14.29% 15.87%
Selling, General & Admin $35.00M $32.00M $128.0M
YoY Change 4.86% -39.24% -0.8%
% of Gross Profit 120.69% 110.34% 111.3%
Research & Development $3.201M $12.45M
YoY Change 2.86% -12.25%
% of Gross Profit 11.04% 10.83%
Depreciation & Amortization $3.469M $3.772M $14.85M
YoY Change -5.43% -0.92% -6.71%
% of Gross Profit 11.96% 13.01% 12.92%
Operating Expenses $18.00M $19.00M $166.3M
YoY Change -59.13% -62.05% -5.64%
Operating Profit $11.00M $10.00M -$51.27M
YoY Change -152.11% -132.17% 78.57%
Interest Expense $22.00M $15.00M $631.5M
YoY Change -85.53% -171.37% 14.32%
% of Operating Profit 200.0% 150.0%
Other Income/Expense, Net $3.361M $16.24M
YoY Change -8.77% 4.16%
Pretax Income $31.00M $22.00M -$639.0K
YoY Change 786.47% -141.13% -99.65%
Income Tax $1.000M $1.000M $1.635M
% Of Pretax Income 3.23% 4.55%
Net Earnings $30.00M $19.00M -$2.274M
YoY Change 549.35% -142.27% -98.61%
Net Earnings / Revenue 14.02% 9.36% -0.31%
Basic Earnings Per Share $0.21 -$0.11
Diluted Earnings Per Share $0.23 $0.16 -$0.11
COMMON SHARES
Basic Shares Outstanding 131.6M shares 118.6M shares 116.3M shares
Diluted Shares Outstanding 131.6M shares 116.3M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $275.0M $420.8M $293.0M
YoY Change -57.52% -15.75% 13.17%
Cash & Equivalents $275.0M $293.0M $293.0M
Short-Term Investments $212.3M $127.8M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $275.0M $293.0M $293.0M
YoY Change -48.24% -21.58% -21.58%
LONG-TERM ASSETS
Property, Plant & Equipment $7.225M $7.829M $20.36M
YoY Change -22.24% -37.94% -29.28%
Goodwill $23.37M $23.37M
YoY Change 0.0% 0.0%
Intangibles $25.66M $28.46M
YoY Change -32.1% -30.4%
Long-Term Investments $1.110B $1.022B $1.022B
YoY Change 6.54% -1.24% -1.24%
Other Assets $105.1M $115.8M $115.8M
YoY Change -17.86% 3.02% 3.02%
Total Long-Term Assets $14.78B $14.21B $14.21B
YoY Change 17.42% 12.28% 12.28%
TOTAL ASSETS
Total Short-Term Assets $275.0M $293.0M $293.0M
Total Long-Term Assets $14.78B $14.21B $14.21B
Total Assets $15.06B $14.50B $14.50B
YoY Change 14.76% 11.31% 11.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.481M $4.992M $4.992M
YoY Change 41.71% 17.9% 17.9%
Accrued Expenses $189.2M $182.3M $182.3M
YoY Change 34.21% 24.28% 24.28%
Deferred Revenue
YoY Change
Short-Term Debt $1.251B $1.558B $1.558B
YoY Change -22.61% -23.23% -23.24%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.251B $1.558B $1.558B
YoY Change -29.0% -28.55% -28.55%
LONG-TERM LIABILITIES
Long-Term Debt $12.34B $11.49B $11.49B
YoY Change 21.17% 18.24% 18.24%
Other Long-Term Liabilities $248.0M $250.0M $250.0M
YoY Change 498.74% 442.04% 442.04%
Total Long-Term Liabilities $12.58B $11.74B $11.74B
YoY Change 23.1% 20.24% 20.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.251B $1.558B $1.558B
Total Long-Term Liabilities $12.58B $11.74B $11.74B
Total Liabilities $13.83B $13.30B $13.30B
YoY Change 15.44% 11.34% 11.33%
SHAREHOLDERS EQUITY
Retained Earnings $1.173B $1.144B
YoY Change 1.41% -0.78%
Common Stock $2.495B $2.489B
YoY Change 5.89% 5.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.224B $1.203B $1.203B
YoY Change
Total Liabilities & Shareholders Equity $15.06B $14.50B $14.50B
YoY Change 14.76% 11.31% 11.3%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $30.00M $19.00M -$2.274M
YoY Change 549.35% -142.27% -98.61%
Depreciation, Depletion And Amortization $3.469M $3.772M $14.85M
YoY Change -5.43% -0.92% -6.71%
Cash From Operating Activities -$954.2M -$1.148B -$2.016B
YoY Change -1035.38% 11729.05% 1348.77%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $1.728M $269.5M $5.006M
YoY Change 210.23% 499.83% 13.75%
Cash From Investing Activities $350.3M $269.5M $908.7M
YoY Change 216.35% 499.83% 324.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$124.5M
YoY Change 978.72%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $575.5M 987.9M $1.147B
YoY Change -1214.93% -1418.26% -514.11%
NET CHANGE
Cash From Operating Activities -$954.2M -1.148B -$2.016B
Cash From Investing Activities $350.3M 269.5M $908.7M
Cash From Financing Activities $575.5M 987.9M $1.147B
Net Change In Cash -$28.40M 109.1M $39.42M
YoY Change -117.63% -374.56% -119.51%
FREE CASH FLOW
Cash From Operating Activities -$954.2M -$1.148B -$2.016B
Capital Expenditures
Free Cash Flow
YoY Change

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EarningsPerShareBasic
-0.11
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.73
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EarningsPerShareDiluted
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CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021 us-gaap Earnings Per Share Diluted
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2.37
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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116283328 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Net Income Loss
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CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2023 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
6684000 usd
CY2022 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
CY2021 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
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CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1953000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q4 us-gaap Stockholders Equity
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CY2023 us-gaap Net Income Loss
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CY2023 us-gaap Stock Issued During Period Value New Issues
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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19062000 usd
CY2023 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
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66948000 usd
CY2023 us-gaap Preferred Stock Dividends Per Share Declared
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2.47917
CY2023 us-gaap Dividends Preferred Stock
DividendsPreferredStock
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CY2023 us-gaap Common Stock Dividends Per Share Declared
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0.71
CY2023 us-gaap Dividends Common Stock
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
1202693000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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OtherComprehensiveIncomeLossNetOfTax
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CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2022 rwt Stock Issued During Period Value Employee Stock Purchase Plans And Other Incentive Plans
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
23940000 usd
CY2022 us-gaap Stock Repurchased During Period Value
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56496000 usd
CY2022 us-gaap Common Stock Dividends Per Share Declared
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0.92
CY2022 us-gaap Dividends Common Stock
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2021 us-gaap Net Income Loss
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CY2021 us-gaap Stock Issued During Period Value New Issues
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CY2021 rwt Stock Issued During Period Value Employee Stock Purchase Plans And Other Incentive Plans
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18902000 usd
CY2021 us-gaap Common Stock Dividends Per Share Declared
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0.78
CY2021 us-gaap Dividends Common Stock
DividendsCommonStock
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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NetIncomeLoss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-17914000 usd
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
14854000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
15922000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
16784000 usd
CY2023 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
774633000 usd
CY2022 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
1077262000 usd
CY2021 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
1258115000 usd
CY2023 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
2046299000 usd
CY2022 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
3841952000 usd
CY2021 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
13188434000 usd
CY2023 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
781386000 usd
CY2022 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
4316792000 usd
CY2021 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
8639769000 usd
CY2023 us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
52097000 usd
CY2022 us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
196464000 usd
CY2021 us-gaap Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
84244000 usd
CY2023 rwt Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
11071000 usd
CY2022 rwt Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
198963000 usd
CY2021 rwt Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
44755000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
19062000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
23940000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
18902000 usd
CY2023 rwt Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
35814000 usd
CY2022 rwt Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
-227186000 usd
CY2021 rwt Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
321433000 usd
CY2023 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
1699000 usd
CY2022 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
5334000 usd
CY2021 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
17993000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
41156000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
64835000 usd
CY2023 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-10334000 usd
CY2022 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-79178000 usd
CY2021 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
41967000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2015825000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-139140000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023 rwt Payments For Origination Of Loans Held For Investment
PaymentsForOriginationOfLoansHeldForInvestment
806894000 usd
CY2022 rwt Payments For Origination Of Loans Held For Investment
PaymentsForOriginationOfLoansHeldForInvestment
1638554000 usd
CY2021 rwt Payments For Origination Of Loans Held For Investment
PaymentsForOriginationOfLoansHeldForInvestment
894908000 usd
CY2023 us-gaap Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
0 usd
CY2022 us-gaap Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
22006000 usd
CY2021 us-gaap Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
65315000 usd
CY2023 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
45663000 usd
CY2022 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
2280000 usd
CY2021 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
9484000 usd
CY2023 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
1549092000 usd
CY2022 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
2002630000 usd
CY2021 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
2601416000 usd
CY2023 rwt Payments To Acquire Real Estate Securities
PaymentsToAcquireRealEstateSecurities
9855000 usd
CY2022 rwt Payments To Acquire Real Estate Securities
PaymentsToAcquireRealEstateSecurities
15006000 usd
CY2021 rwt Payments To Acquire Real Estate Securities
PaymentsToAcquireRealEstateSecurities
68643000 usd
CY2023 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
0 usd
CY2022 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
0 usd
CY2021 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
8197000 usd
CY2023 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
143914000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
31729000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
39652000 usd
CY2023 rwt Proceeds From Principal Repayments On Securities
ProceedsFromPrincipalRepaymentsOnSecurities
1122000 usd
CY2022 rwt Proceeds From Principal Repayments On Securities
ProceedsFromPrincipalRepaymentsOnSecurities
32735000 usd
CY2021 rwt Proceeds From Principal Repayments On Securities
ProceedsFromPrincipalRepaymentsOnSecurities
60667000 usd
CY2023 rwt Payments For Servicing Advance Investments
PaymentsForServicingAdvanceInvestments
0 usd
CY2022 rwt Payments For Servicing Advance Investments
PaymentsForServicingAdvanceInvestments
0 usd
CY2021 rwt Payments For Servicing Advance Investments
PaymentsForServicingAdvanceInvestments
196583000 usd
CY2023 rwt Repayments Of Servicing Advance Investments
RepaymentsOfServicingAdvanceInvestments
55777000 usd
CY2022 rwt Repayments Of Servicing Advance Investments
RepaymentsOfServicingAdvanceInvestments
70589000 usd
CY2021 rwt Repayments Of Servicing Advance Investments
RepaymentsOfServicingAdvanceInvestments
76223000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
40636000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2023 rwt Payments To Acquire Home Equity Investment Contracts
PaymentsToAcquireHomeEquityInvestmentContracts
108054000 usd
CY2022 rwt Payments To Acquire Home Equity Investment Contracts
PaymentsToAcquireHomeEquityInvestmentContracts
248218000 usd
CY2021 rwt Payments To Acquire Home Equity Investment Contracts
PaymentsToAcquireHomeEquityInvestmentContracts
133547000 usd
CY2023 rwt Proceeds From Payments For Home Equity Contracts Net
ProceedsFromPaymentsForHomeEquityContractsNet
42961000 usd
CY2022 rwt Proceeds From Payments For Home Equity Contracts Net
ProceedsFromPaymentsForHomeEquityContractsNet
42744000 usd
CY2021 rwt Proceeds From Payments For Home Equity Contracts Net
ProceedsFromPaymentsForHomeEquityContractsNet
0 usd
CY2023 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5006000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
4401000 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
32547000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
908720000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
213886000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1404096000 usd
CY2023 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2958179000 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
4842446000 usd
CY2023 us-gaap Repayments Of Short Term Debt
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3329242000 usd
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
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4472071000 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1453511000 usd
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1989762000 usd
CY2023 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
746989000 usd
CY2022 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
2154135000 usd
CY2021 us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
1455383000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3166000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
21115000 usd
CY2023 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
904630000 usd
CY2022 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
1148064000 usd
CY2021 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
1421662000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
21944000 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
56496000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5353000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2447000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2267000 usd
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
88376000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
111673000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
91672000 usd
CY2023 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
5199000 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 usd
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
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CY2023 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4799000 usd
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
7004000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1146529000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4277503000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
39424000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-202120000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12966000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
329364000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
531484000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
544450000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
368788000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
329364000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
603316000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
43144000 usd
CY2023Q4 us-gaap Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds
TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds
0 usd
CY2022Q4 us-gaap Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds
TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds
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CY2021Q4 us-gaap Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds
TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds
9375000 usd
CY2023 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
0 usd
CY2022 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
4543000 usd
CY2021 us-gaap Servicing Asset At Fair Value Additions
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Organization<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit, with a mission to help make quality housing, whether rented or owned, accessible to all American households. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments to a diverse mix of investors through our best-in-class securitization platforms, whole-loan distribution activities and our publicly-traded securities. Our aggregation, origination and investment activities have evolved to incorporate a diverse mix of residential consumer and residential investor housing credit assets. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. We operate our business in three segments: Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. </span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our primary sources of income are net interest income from our investments and non-interest income from our mortgage banking activities. Net interest income primarily consists of the interest income we earn on investments less the interest expense we incur on borrowed funds and other liabilities. Income from mortgage banking activities is generated through the origination and acquisition of loans, and their subsequent sale, securitization, or transfer to our investment portfolios. </span></div><div style="margin-top:12pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc. has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), beginning with its taxable year ended December 31, 1994. We generally refer, collectively, to Redwood Trust, Inc. and those of its subsidiaries that are generally not subject to subsidiary-level corporate income tax as “the REIT” or “our REIT.” We generally refer to subsidiaries of Redwood Trust, Inc. that are subject to subsidiary-level corporate income tax as “our taxable REIT subsidiaries” or “TRS.” </span></div><div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood Trust, Inc. was incorporated in the State of Maryland on April 11, 1994, and commenced operations on August 19, 1994. On October 15, 2019, Redwood acquired CoreVest American Finance Lender, LLC and certain affiliated entities ("CoreVest"), at which time CoreVest became wholly owned by Redwood. On July 1, 2022, Redwood acquired Riverbend Funding, LLC ("Riverbend"), at which time Riverbend became wholly owned by Redwood. The operations of Riverbend were combined with those of CoreVest under the CoreVest brand. References herein to “Redwood,” the “company,” “we,” “us,” and “our” include Redwood Trust, Inc. and its consolidated subsidiaries, unless the context otherwise requires. In statements regarding qualification as a REIT, such terms refer solely to Redwood Trust, Inc. Refer to Item 1 - </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Business</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in this Annual Report on Form 10-K for additional information on our business.</span></div>
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<div style="margin-top:8pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements requires us to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amounts and timing of credit losses, prepayment rates, valuation allowances, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. Our estimates are inherently subjective in nature and actual results could differ from our estimates and the differences could be material.</span></div>
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584000 usd
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241536000 usd
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2 transaction
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CY2023Q4 us-gaap Real Estate Acquired Through Foreclosure
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93599000 usd
CY2022Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
6455000 usd
CY2023Q4 us-gaap Interest Receivable
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69072000 usd
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
60893000 usd
CY2023Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
67302000 usd
CY2022Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
36623000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
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40115000 usd
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
41931000 usd
CY2023Q4 us-gaap Margin Deposit Assets
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33414000 usd
CY2022Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
13802000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12532000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16177000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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7829000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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12616000 usd
CY2023Q4 us-gaap Income Tax Receivable
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2082000 usd
CY2022Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
3399000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
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25166000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
19344000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
351109000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
211240000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17000000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10000000 usd
CY2023Q4 us-gaap Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
81177000 usd
CY2022Q4 us-gaap Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
44859000 usd
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
52755000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
46612000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
28140000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
30929000 usd
CY2023Q4 us-gaap Operating Lease Liability
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14725000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
18563000 usd
CY2023Q4 us-gaap Guaranty Liabilities
GuarantyLiabilities
5781000 usd
CY2022Q4 us-gaap Guaranty Liabilities
GuarantyLiabilities
6344000 usd
CY2023Q4 rwt Accrued Operating Expenses
AccruedOperatingExpenses
5527000 usd
CY2022Q4 rwt Accrued Operating Expenses
AccruedOperatingExpenses
5740000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
4992000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
4234000 usd
CY2023Q4 rwt Loan Repurchase Reserve
LoanRepurchaseReserve
4700000 usd
CY2022Q4 rwt Loan Repurchase Reserve
LoanRepurchaseReserve
7051000 usd
CY2023Q4 rwt Bridge Loan Holdback
BridgeLoanHoldback
2059000 usd
CY2022Q4 rwt Bridge Loan Holdback
BridgeLoanHoldback
3301000 usd
CY2023Q4 rwt Dividends Payable Preferred Stock
DividendsPayablePreferredStock
1478000 usd
CY2022Q4 rwt Dividends Payable Preferred Stock
DividendsPayablePreferredStock
0 usd
CY2023Q4 rwt Margin Payable
MarginPayable
350000 usd
CY2022Q4 rwt Margin Payable
MarginPayable
5944000 usd
CY2023Q4 rwt Other Liabilities Miscellaneous
OtherLiabilitiesMiscellaneous
15119000 usd
CY2022Q4 rwt Other Liabilities Miscellaneous
OtherLiabilitiesMiscellaneous
6627000 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
216803000 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
180203000 usd
CY2022Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
6455000 usd
CY2023 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
100280000 usd
CY2023 us-gaap Real Estate Cost Of Real Estate Sold
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10891000 usd
CY2023 us-gaap Principal Investment Gains Losses
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-2245000 usd
CY2023Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
93599000 usd
CY2021Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
36126000 usd
CY2022 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
8494000 usd
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
39673000 usd
CY2022 us-gaap Principal Investment Gains Losses
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1507000 usd
CY2022Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
6455000 usd
CY2023 rwt Realized Gain Loss From Liquidation
RealizedGainLossFromLiquidation
-2000000 usd
CY2022 rwt Realized Gain Loss From Liquidation
RealizedGainLossFromLiquidation
2000000 usd
CY2023Q4 us-gaap Number Of Real Estate Properties
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45 asset
CY2022Q4 us-gaap Number Of Real Estate Properties
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28 asset
CY2018 rwt Number Of Partnerships Consolidated
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2 partnership
CY2023 us-gaap Net Income Loss Allocated To Limited Partners
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6000000 usd
CY2022 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
2000000 usd
CY2021 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
2000000 usd
CY2021 rwt Number Of Securitization Transactions Co Sponsored
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2 transaction
CY2023Q4 rwt Number Of Securitization Transactions Co Sponsored
NumberOfSecuritizationTransactionsCoSponsored
2 transaction
CY2023Q4 us-gaap Short Term Borrowings
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1558222000 usd
CY2022Q4 us-gaap Short Term Borrowings
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2029679000 usd
CY2023Q4 rwt Shortterm Debt Pledgedas Collateral
ShorttermDebtPledgedasCollateral
1855214000 usd
CY2022Q4 rwt Shortterm Debt Pledgedas Collateral
ShorttermDebtPledgedasCollateral
2299034000 usd
CY2023 us-gaap Shortterm Debt Average Outstanding Amount
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1140000000 usd
CY2022 us-gaap Shortterm Debt Average Outstanding Amount
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1650000000 usd
CY2023Q4 us-gaap Interest Payable Current
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6000000 usd
CY2022Q4 us-gaap Interest Payable Current
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7000000 usd
CY2023Q4 us-gaap Short Term Borrowings
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1558222000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
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1689670000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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8769000 usd
CY2023Q4 us-gaap Long Term Debt
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1680901000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
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1746145000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
12720000 usd
CY2022Q4 us-gaap Long Term Debt
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1733425000 usd
CY2023Q4 us-gaap Debt Instrument Collateral Amount
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1565514000 usd
CY2022Q4 us-gaap Debt Instrument Collateral Amount
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1379856000 usd
CY2023Q4 rwt Interest Payable Noncurrent
InterestPayableNoncurrent
10248000 usd
CY2022Q4 rwt Interest Payable Noncurrent
InterestPayableNoncurrent
11966000 usd
CY2023Q4 rwt Lessee Number Of Leases
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10 lease
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
16000000 usd
CY2023 us-gaap Operating Lease Cost
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5000000 usd
CY2022 us-gaap Operating Lease Cost
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5000000 usd
CY2021 us-gaap Operating Lease Cost
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4000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4656000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3687000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3520000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2588000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1122000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
869000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
16442000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1717000 usd
CY2023Q4 us-gaap Operating Lease Liability
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14725000 usd
CY2023Q4 us-gaap Leasehold Improvements Gross
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2000000 usd
CY2021 rwt Amortization Of Leasehold Improvement
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500000 usd
CY2022 rwt Amortization Of Leasehold Improvement
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500000 usd
CY2023 rwt Amortization Of Leasehold Improvement
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500000 usd
CY2023Q4 rwt Lessee Number Of Office Leases
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2 lease
CY2023Q4 us-gaap Operating Lease Liability
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15000000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
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13000000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.053
CY2018 rwt Commitment To Fund Partnership Number Of Partnerships
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2 partnership
CY2023 rwt Fee Income Risk Sharing Agreement
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1000000 usd
CY2022 rwt Fee Income Risk Sharing Agreement
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1000000 usd
CY2021 rwt Fee Income Risk Sharing Agreement
FeeIncomeRiskSharingAgreement
3000000 usd
CY2023Q4 us-gaap Guaranty Liabilities
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6000000 usd
CY2023Q4 rwt Guarantee Obligation Credit Reserve
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5000000 usd
CY2023Q4 rwt Special Purpose Entities Assets
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28000000 usd
CY2022Q4 rwt Special Purpose Entities Assets
SpecialPurposeEntitiesAssets
30000000 usd
CY2023Q4 rwt Special Purpose Entities Liabilities
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6000000 usd
CY2022Q4 rwt Special Purpose Entities Liabilities
SpecialPurposeEntitiesLiabilities
6000000 usd
CY2023Q4 rwt Loss Contingency Repurchase Reserve
LossContingencyRepurchaseReserve
5000000 usd
CY2022Q4 rwt Loss Contingency Repurchase Reserve
LossContingencyRepurchaseReserve
6000000 usd
CY2023 rwt Mortgage Loans On Real Estate Repurchase Requests
MortgageLoansOnRealEstateRepurchaseRequests
1 repurchase_request
CY2022 rwt Mortgage Loans On Real Estate Repurchase Requests
MortgageLoansOnRealEstateRepurchaseRequests
14 repurchase_request
CY2023 rwt Mortgage Loans On Real Estate Number Of Loans Repurchased
MortgageLoansOnRealEstateNumberOfLoansRepurchased
5 loan
CY2022 rwt Mortgage Loans On Real Estate Number Of Loans Repurchased
MortgageLoansOnRealEstateNumberOfLoansRepurchased
1 loan
CY2021 rwt Mortgage Loans On Real Estate Number Of Loans Repurchased
MortgageLoansOnRealEstateNumberOfLoansRepurchased
2 loan
CY2023 rwt Mortgage Loans On Real Estate Repurchase Provision Reversal
MortgageLoansOnRealEstateRepurchaseProvisionReversal
1000000 usd
CY2022 rwt Mortgage Loans On Real Estate Repurchase Provision Reversal
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-3000000 usd
CY2021 rwt Mortgage Loans On Real Estate Repurchase Provision Reversal
MortgageLoansOnRealEstateRepurchaseProvisionReversal
1000000 usd
CY2023 rwt Mortgage Loans On Real Estate Loans Repurchased
MortgageLoansOnRealEstateLoansRepurchased
77000 usd
CY2022 rwt Mortgage Loans On Real Estate Loans Repurchased
MortgageLoansOnRealEstateLoansRepurchased
43000 usd
CY2021 rwt Mortgage Loans On Real Estate Loans Repurchased
MortgageLoansOnRealEstateLoansRepurchased
200000 usd
CY2023 us-gaap Preferred Stock Dividends Per Share Declared
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2.47917
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
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1000000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
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-8958000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-163520000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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319613000 usd
CY2023 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
3999000 usd
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
4335000 usd
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
10635000 usd
CY2023 us-gaap Undistributed Earnings
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-12957000 usd
CY2022 us-gaap Undistributed Earnings
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-167855000 usd
CY2021 us-gaap Undistributed Earnings
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308978000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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116283328 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117227846 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113230190 shares
CY2023 us-gaap Earnings Per Share Basic
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-0.11
CY2022 us-gaap Earnings Per Share Basic
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CY2021 us-gaap Earnings Per Share Basic
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2.73
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-8958000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-163520000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
319613000 usd
CY2023 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
3999000 usd
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
4335000 usd
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
9880000 usd
CY2023 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2022 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
0 usd
CY2021 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
27463000 usd
CY2023 us-gaap Undistributed Earnings Diluted
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-12957000 usd
CY2022 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
-167855000 usd
CY2021 us-gaap Undistributed Earnings Diluted
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337196000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116283328 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117227846 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113230190 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
273236 shares
CY2023 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2022 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2021 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
28566875 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116283328 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117227846 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142070301 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.37
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
38000000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
40188000 usd
CY2023 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
22311000 usd
CY2023 rwt Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Valuation Adjustment
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsValuationAdjustment
4553000 usd
CY2023 rwt Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost Forfeitures
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures
1834000 usd
CY2023 rwt Allocated Sharebased Compensation Expense Including Restructuring
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18507000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
37605000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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CY2022Q4 us-gaap Employee Stock Ownership Plan Esop Repurchase Obligation Amount
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36000 usd
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Repurchase Obligation Amount
EmployeeStockOwnershipPlanESOPRepurchaseObligationAmount
7000 usd
CY2020Q4 us-gaap Employee Stock Ownership Plan Esop Repurchase Obligation Amount
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17000 usd
CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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567000 usd
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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584000 usd
CY2021 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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595000 usd
CY2023 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
597000 usd
CY2022 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
555000 usd
CY2021 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
605000 usd
CY2023Q4 us-gaap Employee Stock Ownership Plan Esop Repurchase Obligation Amount
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6000 usd
CY2022Q4 us-gaap Employee Stock Ownership Plan Esop Repurchase Obligation Amount
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36000 usd
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Repurchase Obligation Amount
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7000 usd
CY2023 rwt Mortgage Banking Activities Net
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67386000 usd
CY2022 rwt Mortgage Banking Activities Net
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CY2021 rwt Mortgage Banking Activities Net
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235744000 usd
CY2023 rwt Mortgage Servicing Rights Income Loss Net
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7033000 usd
CY2022 rwt Mortgage Servicing Rights Income Loss Net
MortgageServicingRightsIncomeLossNet
14879000 usd
CY2021 rwt Mortgage Servicing Rights Income Loss Net
MortgageServicingRightsIncomeLossNet
2380000 usd
CY2023 rwt Fee Income Risk Sharing Agreement
FeeIncomeRiskSharingAgreement
716000 usd
CY2022 rwt Fee Income Risk Sharing Agreement
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1289000 usd
CY2021 rwt Fee Income Risk Sharing Agreement
FeeIncomeRiskSharingAgreement
2815000 usd
CY2023 us-gaap Interest And Fee Income Other Loans
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CY2022 us-gaap Interest And Fee Income Other Loans
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CY2021 us-gaap Interest And Fee Income Other Loans
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4378000 usd
CY2023 rwt Equity Method Loss Earnings Allocation
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CY2022 rwt Equity Method Loss Earnings Allocation
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CY2021 rwt Equity Method Loss Earnings Allocation
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CY2023 us-gaap Other Nonoperating Income Expense
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CY2022 us-gaap Other Nonoperating Income Expense
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CY2021 us-gaap Other Nonoperating Income Expense
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CY2023 us-gaap Other Income
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CY2022 us-gaap Other Income
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CY2021 us-gaap Other Income
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CY2023 rwt Fixed Compensation Expense
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CY2022 rwt Fixed Compensation Expense
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CY2021 rwt Fixed Compensation Expense
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46328000 usd
CY2023 rwt Variable Compensation Expense
VariableCompensationExpense
14752000 usd
CY2022 rwt Variable Compensation Expense
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12873000 usd
CY2021 rwt Variable Compensation Expense
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58569000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
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24854000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
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23101000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
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19938000 usd
CY2023 rwt Acquisition Related Sharebased Payment Arrangement Expense
AcquisitionRelatedSharebasedPaymentArrangementExpense
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CY2022 rwt Acquisition Related Sharebased Payment Arrangement Expense
AcquisitionRelatedSharebasedPaymentArrangementExpense
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CY2021 rwt Acquisition Related Sharebased Payment Arrangement Expense
AcquisitionRelatedSharebasedPaymentArrangementExpense
3813000 usd
CY2023 us-gaap Communications And Information Technology
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