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Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets    
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet [1] $ 26,467 $ 53,238
Liabilities    
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet [1] (3,317) (16,072)
Total Liabilities    
Gross Amounts of Recognized Assets (Liabilities) (575,534) (230,539)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (575,534) (230,539)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 574,629 228,467
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 895 1,061
Net Amount (10) (1,011)
Interest rate agreements    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 18,929 19,951
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 18,929 19,951
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments (1,251) 0
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Received (16,046) (7,769)
Net Amount 1,632 12,182
Liabilities    
Gross Amounts of Recognized Assets (Liabilities) (1,251)  
Gross Amounts Offset in Consolidated Balance Sheet 0  
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (1,251)  
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 1,251  
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 0  
Net Amount   0
TBAs    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 2,880 18,260
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 2,880 18,260
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments (633) (13,423)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Received (704) (4,658)
Net Amount 1,543 179
Liabilities    
Gross Amounts of Recognized Assets (Liabilities) (658) (15,495)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (658) (15,495)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 633 13,423
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 15 1,061
Net Amount (10) (1,011)
Futures    
Assets    
Gross Amounts of Recognized Assets (Liabilities)   25
Gross Amounts Offset in Consolidated Balance Sheet   0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet   25
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments   (25)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Received   0
Net Amount   0
Liabilities    
Gross Amounts of Recognized Assets (Liabilities) (905)  
Gross Amounts Offset in Consolidated Balance Sheet 0  
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (905)  
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 25  
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 880  
Net Amount 0  
Interest Rate Agreement, TBAs, And Futures    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 21,834 38,211
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 21,834 38,211
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments (1,909) (13,423)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Received (16,750) (12,427)
Net Amount 3,175 12,361
Loan warehouse debt    
Loan warehouse debt and Security repurchase agreement    
Gross Amounts of Recognized Assets (Liabilities) (572,720) (137,269)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (572,720) (137,269)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 572,720 137,269
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 0 0
Net Amount $ 0 0
Security repurchase agreements    
Loan warehouse debt and Security repurchase agreement    
Gross Amounts of Recognized Assets (Liabilities)   (77,775)
Gross Amounts Offset in Consolidated Balance Sheet   0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet   (77,775)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments   77,775
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged   0
Net Amount   $ 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 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.