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Basis of Presentation - Acquisition of 5 Arches & CoreVest (Details) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 12 Months Ended
Oct. 15, 2019
Mar. 01, 2019
Mar. 31, 2019
May 31, 2018
Mar. 31, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Business Acquisition [Line Items]                
Acquisition-related equity compensation expense           $ 1,010 $ 0 $ 0
Remeasurement gain           2,441 0  
Acquisition related costs           3,217 0 $ 0
Goodwill [1]           88,675 0  
Contingent consideration           $ 28,484 0  
5 Arches, LLC                
Business Acquisition [Line Items]                
Payments to acquire equity method investment       $ 10,000        
Option to purchase additional equity, term       1 year   1 year    
5 Arches, LLC                
Business Acquisition [Line Items]                
Percent acquired     80.00%          
Minority interest, percentage       20.00%        
Cash   $ 12,575            
Contingent consideration maximum amount   27,000   $ 29,000        
Contingent consideration performance term       2 years        
Remeasurement gain         $ 2,000      
Intangible assets   24,800            
Goodwill   28,747       $ 28,747 0  
Contingent consideration   24,621       28,000    
Contingent consideration expense           3,000    
Net interest income           100    
Non-interest income           19,000    
Net income           3,000    
Intangible assets amortization expense           6,000    
CoreVest LLC                
Business Acquisition [Line Items]                
Cash $ 482,311              
Contingent consideration performance term 2 years              
Total consideration $ 492,000              
Restricted stock awards 10,000              
Acquisition-related equity compensation expense 10,000              
Intangible assets 56,500 57,000            
Goodwill 59,928         59,928 $ 0  
Contingent consideration $ 0              
Net interest income           11,000    
Non-interest income           19,000    
Net income           22,000    
Intangible assets amortization expense           2,000    
5 Arches LLC And CoreVest                
Business Acquisition [Line Items]                
Acquisition related costs           2,000    
Goodwill           $ 89,000    
Goodwill deductible for tax purposes   $ 75,000            
[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 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.