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Other Investments - Summary of Other Investments (Details) - USD ($)
$ in Thousands
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Investment [Line Items]            
Servicing asset, fair value $ 236,632   $ 286,778      
Loan held-for-investment, amount 0   39,703      
Other Investments [1] 372,130   438,518      
5 Arches, LLC            
Investment [Line Items]            
Investment in 5 Arches 0   10,754      
Mortgage servicing rights            
Investment [Line Items]            
Servicing asset, fair value 47,396 $ 55,284 60,281 $ 64,674 $ 66,496 $ 63,598
Multifamily loans, held-for-investment, at fair value            
Investment [Line Items]            
Loan held-for-investment, amount 28,678   0      
Other notes receivable            
Investment [Line Items]            
Loan held-for-investment, amount 3,214   0      
Residential Loans            
Investment [Line Items]            
Servicing asset, fair value 259,222   300,468      
Excess MSRs            
Investment [Line Items]            
Servicing asset, fair value $ 33,620   $ 27,312      
[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, 2019 and December 31, 2018, assets of consolidated VIEs totaled $7,937,685 and $6,331,191, respectively. At June 30, 2019 and December 31, 2018, liabilities of consolidated VIEs totaled $7,189,086 and $5,709,807, respectively. See Note 4 for further discussion.