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Segment Information - Supplemental Information by Segment (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]    
Real estate securities [1] $ 364,320 $ 344,125
Other investments [1] 322,579 348,175
Intangible assets [1] 52,992 56,865
Total Assets [1] 10,896,848 10,355,066
Residential loans    
Segment Reporting Information [Line Items]    
Fair value of loans 4,701,836 4,249,051
Business purpose loans    
Segment Reporting Information [Line Items]    
Fair value of loans 4,172,120 4,136,353
Multifamily loans    
Segment Reporting Information [Line Items]    
Fair value of loans 489,545 492,221
Operating Segments | Residential Lending    
Segment Reporting Information [Line Items]    
Real estate securities 167,040 160,780
Other investments 7,945 8,815
Intangible assets 0 0
Total Assets 2,601,672 1,989,802
Operating Segments | Residential Lending | Residential loans    
Segment Reporting Information [Line Items]    
Fair value of loans 2,272,624 1,741,963
Operating Segments | Residential Lending | Business purpose loans    
Segment Reporting Information [Line Items]    
Fair value of loans 0 0
Operating Segments | Residential Lending | Multifamily loans    
Segment Reporting Information [Line Items]    
Fair value of loans 0 0
Operating Segments | Business Purpose Lending    
Segment Reporting Information [Line Items]    
Real estate securities 0 0
Other investments 19,405 21,627
Intangible assets 52,992 56,865
Total Assets 4,359,491 4,323,040
Operating Segments | Business Purpose Lending | Residential loans    
Segment Reporting Information [Line Items]    
Fair value of loans 0 0
Operating Segments | Business Purpose Lending | Business purpose loans    
Segment Reporting Information [Line Items]    
Fair value of loans 4,172,120 4,136,353
Operating Segments | Business Purpose Lending | Multifamily loans    
Segment Reporting Information [Line Items]    
Fair value of loans 0 0
Operating Segments | Third-Party Investments    
Segment Reporting Information [Line Items]    
Real estate securities 197,280 183,345
Other investments 293,776 317,282
Intangible assets 0 0
Total Assets 3,155,645 3,232,415
Operating Segments | Third-Party Investments | Residential loans    
Segment Reporting Information [Line Items]    
Fair value of loans 2,154,351 2,221,153
Operating Segments | Third-Party Investments | Business purpose loans    
Segment Reporting Information [Line Items]    
Fair value of loans 0 0
Operating Segments | Third-Party Investments | Multifamily loans    
Segment Reporting Information [Line Items]    
Fair value of loans 489,545 492,221
Corporate/ Other    
Segment Reporting Information [Line Items]    
Real estate securities 0 0
Other investments 1,453 451
Intangible assets 0 0
Total Assets 780,040 809,809
Corporate/ Other | Residential loans    
Segment Reporting Information [Line Items]    
Fair value of loans 274,861 285,935
Corporate/ Other | Business purpose loans    
Segment Reporting Information [Line Items]    
Fair value of loans 0 0
Corporate/ Other | Multifamily loans    
Segment Reporting Information [Line Items]    
Fair value of loans $ 0 $ 0
[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.