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Short-Term Debt - Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt (Details)
 12 Months Ended
Dec. 31, 2019
USD ($)
facility
Dec. 31, 2018
USD ($)
facility
Short-term Debt [Line Items]    
Outstanding Balance [1],[2] $ 2,329,145,000 $ 2,400,279,000
Line of Credit    
Short-term Debt [Line Items]    
Number of Facilities | facility 22 17
Outstanding Balance $ 2,176,591,000 $ 1,937,920,000
Line of Credit | Residential loan warehouse    
Short-term Debt [Line Items]    
Number of Facilities | facility 4 4
Outstanding Balance $ 185,894,000 $ 860,650,000
Limit $ 1,425,000,000 $ 1,425,000,000
Weighted Average Interest Rate 3.23% 4.10%
Weighted Average Days Until Maturity 69 days 178 days
Line of Credit | Business purpose residential loans    
Short-term Debt [Line Items]    
Number of Facilities | facility 8 4
Outstanding Balance $ 814,118,000 $ 88,380,000
Limit $ 1,475,000,000 $ 480,000,000
Weighted Average Interest Rate 4.11% 4.99%
Weighted Average Days Until Maturity 489 days 594 days
Line of Credit | Real estate securities repo    
Short-term Debt [Line Items]    
Number of Facilities | facility 10 9
Outstanding Balance $ 1,176,579,000 $ 988,890,000
Limit $ 0 $ 0
Weighted Average Interest Rate 2.94% 3.47%
Weighted Average Days Until Maturity 23 days 26 days
Servicer advance financing    
Short-term Debt [Line Items]    
Number of Facilities | facility 1 1
Outstanding Balance $ 152,554,000 $ 262,740,000
Limit $ 400,000,000 $ 350,000,000
Weighted Average Interest Rate 3.56% 4.32%
Weighted Average Days Until Maturity 335 days 333 days
Convertible notes, net    
Short-term Debt [Line Items]    
Outstanding Balance   $ 199,619,000
Limit  
Weighted Average Interest Rate   5.63%
Weighted Average Days Until Maturity   319 days
[1]
Includes $201 million of convertible notes at December 31, 2018, which were reclassified from Long-term debt, net to Short-term debt as the maturity of the notes was less than one year as of the date presented. See Note 13 for further discussion.
[2]
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 December 31, 2019 and December 31, 2018, assets of consolidated VIEs totaled $11,931,869 and $6,331,191, respectively. At December 31, 2019 and December 31, 2018, liabilities of consolidated VIEs totaled $10,717,072 and $5,709,807, respectively. See Note 4 for further discussion.