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Short-Term Debt - Remaining Maturities of Short Term Debt (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Short-term debt	[1]	$ 1,253,882	$ 522,609
Within 30 days
Short-term Debt [Line Items]
Short-term debt		44,391
31 to 90 days
Short-term Debt [Line Items]
Short-term debt		37,279
Over 90 days
Short-term Debt [Line Items]
Short-term debt		1,172,212
Facilities
Short-term Debt [Line Items]
Short-term debt		1,061,810	314,234
Facilities | Within 30 days
Short-term Debt [Line Items]
Short-term debt		44,391
Facilities | 31 to 90 days
Short-term Debt [Line Items]
Short-term debt		37,279
Facilities | Over 90 days
Short-term Debt [Line Items]
Short-term debt		980,140
Facilities | Held-for-sale residential loans
Short-term Debt [Line Items]
Short-term debt		839,224	137,269
Facilities | Held-for-sale residential loans | Within 30 days
Short-term Debt [Line Items]
Short-term debt		0
Facilities | Held-for-sale residential loans | 31 to 90 days
Short-term Debt [Line Items]
Short-term debt		0
Facilities | Held-for-sale residential loans | Over 90 days
Short-term Debt [Line Items]
Short-term debt		839,224
Facilities | Business purpose loans
Short-term Debt [Line Items]
Short-term debt		140,916
Facilities | Business purpose loans | Within 30 days
Short-term Debt [Line Items]
Short-term debt		0
Facilities | Business purpose loans | 31 to 90 days
Short-term Debt [Line Items]
Short-term debt		0
Facilities | Business purpose loans | Over 90 days
Short-term Debt [Line Items]
Short-term debt		140,916
Facilities | Real estate securities
Short-term Debt [Line Items]
Short-term debt		81,670
Facilities | Real estate securities | Within 30 days
Short-term Debt [Line Items]
Short-term debt		44,391
Facilities | Real estate securities | 31 to 90 days
Short-term Debt [Line Items]
Short-term debt		37,279
Facilities | Real estate securities | Over 90 days
Short-term Debt [Line Items]
Short-term debt		0
Servicer advance financing
Short-term Debt [Line Items]
Short-term debt		192,072	$ 208,375
Servicer advance financing | Within 30 days
Short-term Debt [Line Items]
Short-term debt		0
Servicer advance financing | 31 to 90 days
Short-term Debt [Line Items]
Short-term debt		0
Servicer advance financing | Over 90 days
Short-term Debt [Line Items]
Short-term debt		$ 192,072
[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 March 31, 2021 and December 31, 2020, assets of consolidated VIEs totaled $7,724,203 and $8,141,069, respectively. At March 31, 2021 and December 31, 2020, liabilities of consolidated VIEs totaled $6,704,943 and $7,148,414, respectively. See Note 4 for further discussion.

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Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16)(a)(1))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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