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Other Investments - Summary of Other Investments (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019
--- | --- | ---
Investment [Line Items] |  |  |
Other Investments | [1] | $ 348,175 | $ 358,130
Shared home appreciation options |  |  |
Investment [Line Items] |  |  |
Loan held-for-investment, amount |  | 42,440 | 45,085
Mortgage servicing rights |  |  |
Investment [Line Items] |  |  |
Servicing asset, fair value |  | 8,815 | 42,224
Multifamily securities |  |  |
Investment [Line Items] |  |  |
Loan held-for-investment, amount |  | 0 | 39,802
Other |  |  |
Investment [Line Items] |  |  |
Loan held-for-investment, amount |  | 31,013 | 30,001
Residential Loans |  |  |
Investment [Line Items] |  |  |
Servicing asset, fair value |  | 231,489 | 169,204
Excess MSRs |  |  |
Investment [Line Items] |  |  |
Servicing asset, fair value |  | $ 34,418 | $ 31,814
[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, 2020 and December 31, 2019, assets of consolidated VIEs totaled $8,141,069 and $11,931,869, respectively. At December 31, 2020 and December 31, 2019, liabilities of consolidated VIEs totaled $7,148,414 and $10,717,072, respectively. See Note 4 for further discussion.

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