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Long-Term Debt - Additional Information (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Aug. 31, 2017
USD ($)
$ / shares
Sep. 30, 2021
Jun. 30, 2021
Sep. 30, 2020
Jun. 30, 2020
USD ($)
Mar. 31, 2020
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2019
Dec. 31, 2020
USD ($)
Debt Instrument [Line Items]                        
Long-term debt, net                   $ 1,640,833,000   $ 1,425,485,000
Borrowings                   1,650,576,000   1,441,331,000
Accrued interest payable                   $ 39,297,000   $ 34,858,000
Non-Recourse Business Purpose Loan Financing Facility One | LIBOR | Minimum                        
Debt Instrument [Line Items]                        
Basis spread on variable rate (as a percent)             0.50%          
Non-Recourse Business Purpose Loan Financing Facility Two | LIBOR | Minimum                        
Debt Instrument [Line Items]                        
Basis spread on variable rate (as a percent)               1.50%        
Recourse Business Purpose Loan Financing Facility                        
Debt Instrument [Line Items]                        
Maximum borrowing capacity               $ 350,000,000        
Convertible notes | Exchangeable Senior Notes Due 2025                        
Debt Instrument [Line Items]                        
Debt instrument, face amount   $ 201,000,000                    
Debt instrument, interest rate (as a percent)   5.75%               5.75%   5.75%
Net proceeds from issuance of convertible debt   $ 195,000,000                    
Interest expense yield   6.30%                    
Convertible debt, conversion ratio 0.0552644                      
Convertible senior notes conversion per share (in dollars per share) | $ / shares                   $ 18.09    
Repurchased debt instrument, face amount               29,000,000        
Gain (loss) on extinguishment of debt               6,000,000        
Long-term debt, net                   $ 168,708,000   $ 167,933,000
Borrowings                   172,092,000   172,092,000
Accrued interest payable                   $ 2,474,000   $ 2,474,000
Convertible notes | Senior Notes Due 2024                        
Debt Instrument [Line Items]                        
Debt instrument, face amount     $ 200,000,000                  
Debt instrument, interest rate (as a percent)   5.625% 5.625%             5.625%   5.625%
Net proceeds from issuance of convertible debt     $ 194,000,000                  
Interest expense yield     6.20%                  
Convertible debt, conversion ratio     0.0548317                  
Convertible senior notes conversion per share (in dollars per share) | $ / shares                   $ 18.24    
Repurchased debt instrument, face amount               50,000,000        
Gain (loss) on extinguishment of debt               9,000,000        
Percent of par at issuance     99.50%                  
Long-term debt, net                   $ 148,128,000   $ 147,385,000
Borrowings                   150,200,000   150,200,000
Accrued interest payable                   $ 3,896,000   $ 3,896,000
Convertible notes | Senior Notes Due 2023                        
Debt Instrument [Line Items]                        
Debt instrument, face amount       $ 245,000,000                
Debt instrument, interest rate (as a percent)       4.75%           4.75%   4.75%
Net proceeds from issuance of convertible debt       $ 238,000,000                
Interest expense yield       5.30%                
Convertible debt, conversion ratio       0.0544764                
Convertible senior notes conversion per share (in dollars per share) | $ / shares       $ 18.36                
Repurchased debt instrument, face amount               46,000,000        
Gain (loss) on extinguishment of debt               $ 10,000,000        
Long-term debt, net                   $ 196,793,000   $ 195,767,000
Borrowings                   198,629,000   198,629,000
Accrued interest payable                   3,564,000   3,564,000
Trust preferred securities                        
Debt Instrument [Line Items]                        
Long-term debt, net                   $ 100,000,000    
Trust preferred securities | LIBOR                        
Debt Instrument [Line Items]                        
Basis spread on variable rate (as a percent)                   2.25%    
Subordinated Notes                        
Debt Instrument [Line Items]                        
Long-term debt, net                   $ 40,000,000    
Line of Credit                        
Debt Instrument [Line Items]                        
Long-term debt, net                   988,483,000   774,726,000
Borrowings                   990,155,000   779,910,000
Accrued interest payable                   815,000   $ 1,799,000
Line of Credit | Non-Recourse Business Purpose Loan Financing Facility Two                        
Debt Instrument [Line Items]                        
Maximum borrowing capacity                   400,000,000    
Long-term debt, net                   306,708,000    
Borrowings                   $ 307,215,000    
Line of Credit | Non-Recourse Business Purpose Loan Financing Facility Two | LIBOR                        
Debt Instrument [Line Items]                        
Basis spread on variable rate (as a percent)                   2.75%    
Line of Credit | Recourse Business Purpose Loan Financing Facility Through September 2023                        
Debt Instrument [Line Items]                        
Maximum borrowing capacity                   $ 450,000,000    
Long-term debt, net                   234,226,000    
Borrowings                   $ 234,349,000    
Line of Credit | Recourse Business Purpose Loan Financing Facility Through September 2023 | LIBOR                        
Debt Instrument [Line Items]                        
Basis spread on variable rate (as a percent)           3.35%       2.21%    
Line of Credit | Recourse Business Purpose Loan Financing Facility | LIBOR                        
Debt Instrument [Line Items]                        
Basis spread on variable rate (as a percent)               2.75%        
Bridge Loan                        
Debt Instrument [Line Items]                        
Borrowings                   $ 708,000,000    
Affiliated Entity | Recourse Subordinate Securities Financing | Non-Marginable Debt Repurchase Agreement One                        
Debt Instrument [Line Items]                        
Debt instrument, interest rate (as a percent)                   4.21%   4.21%
Long-term debt, net                   $ 144,072,000   $ 177,438,000
Borrowings                   $ 144,385,000   $ 178,167,000
Affiliated Entity | Recourse Subordinate Securities Financing | Non-Marginable Debt Repurchase Agreement Two                        
Debt Instrument [Line Items]                        
Debt instrument, interest rate (as a percent)                   4.21%   4.21%
Long-term debt, net                   $ 101,998,000   $ 102,200,000
Borrowings                   $ 102,351,000   $ 102,856,000
Redwood | Recourse Subordinate Securities Financing Receivable                        
Debt Instrument [Line Items]                        
Long-term Debt, Weighted Average Interest Rate, over Time                     4.21%  
Redwood | Affiliated Entity | CAFL(1) | Recourse Subordinate Securities Financing Receivable                        
Debt Instrument [Line Items]                        
Long-term Debt, Weighted Average Interest Rate, over Time         4.75%       4.21%