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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.