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Other Investments - Summary of Other Investments (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020
--- | --- | ---
Investment [Line Items] |  |  |
Other Investments | [1] | $ 641,969 | $ 348,175
Mortgage servicing rights |  |  |
Investment [Line Items] |  |  |
Servicing asset, fair value |  | 12,438 | 8,815
Other |  |  |
Investment [Line Items] |  |  |
Loan held-for-investment, amount |  | 5,935 | 26,564
Residential Loans |  |  |
Investment [Line Items] |  |  |
Servicing asset, fair value |  | 350,923 | 231,489
Securitized Point Options |  |  |
Investment [Line Items] |  |  |
Servicing asset, fair value |  | 192,740 | 42,440
Strategic Investments |  |  |
Investment [Line Items] |  |  |
Servicing asset, fair value |  | 35,702 | 4,449
Excess MSRs |  |  |
Investment [Line Items] |  |  |
Servicing asset, fair value |  | $ 44,231 | $ 34,418
[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, 2021 and 2020, assets of consolidated VIEs totaled $10,661,081 and $8,141,069, respectively. At December 31, 2021 and 2020, liabilities of consolidated VIEs totaled $9,619,347 and $7,148,414, respectively. See Note 4 for further discussion.

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