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Principles of Consolidation - Assets and Liabilities of Consolidated Variable Interest Entity's (Details)
$ in Thousands
Dec. 31, 2021
USD ($)
investment
Dec. 31, 2020
USD ($)
investment
Dec. 31, 2019
USD ($)
Variable Interest Entity [Line Items]      
Other investments [1] $ 641,969 $ 348,175  
Cash and cash equivalents 450,485 [1] 461,260 [1] $ 197,000
Restricted cash 80,999 [1] 83,190 [1] $ 94,000
Accrued interest receivable 47,515 39,445  
Other assets [1] 231,117 130,588  
Total Assets [1] 14,706,944 10,355,066  
Short-term debt [1] 2,177,362 522,609  
Accrued interest payable 39,297 34,858  
Accrued expenses and other liabilities [1] 245,788 179,340  
Asset-backed securities issued [1] 9,253,557 7,100,661  
Total liabilities [1] 13,320,857 9,244,167  
CAFL(1)      
Variable Interest Entity [Line Items]      
Fair value of securities owned 302,000 239,000  
Carrying value of securities owned 38,000 0  
Freddie Mac SLST(1)      
Variable Interest Entity [Line Items]      
Fair value of securities owned 445,000 428,000  
Carrying value of securities owned 143,000 200,000  
Business purpose loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value [1] 4,432,680 3,890,959  
Variable Interest Entity, Primary Beneficiary      
Variable Interest Entity [Line Items]      
Other investments 544,307 251,773  
Cash and cash equivalents 6,481 11,579  
Restricted cash 46,086 23,368  
Accrued interest receivable 35,401 30,587  
Other assets 41,826 9,937  
Total Assets 10,661,081 8,141,069  
Short-term debt 294,447 208,375  
Accrued interest payable 25,018 21,274  
Accrued expenses and other liabilities 46,325 18,403  
Asset-backed securities issued 9,253,557 7,100,661  
Total liabilities 9,619,347 7,348,713  
Estimated fair value of investments $ 1,033,913 $ 789,228  
Number of VIEs | investment 60 50  
Variable Interest Entity, Primary Beneficiary | Residential loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value $ 5,747,150 $ 4,072,410  
Variable Interest Entity, Primary Beneficiary | Business purpose loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 3,766,316 3,249,194  
Variable Interest Entity, Primary Beneficiary | Multifamily loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 473,514 492,221  
Variable Interest Entity, Primary Beneficiary | Legacy Sequoia      
Variable Interest Entity [Line Items]      
Other investments 0 0  
Cash and cash equivalents 0 0  
Restricted cash 148 148  
Accrued interest receivable 210 305  
Other assets 61 638  
Total Assets 230,874 287,026  
Short-term debt 0 0  
Accrued interest payable 99 141  
Accrued expenses and other liabilities 0 0  
Asset-backed securities issued 227,881 282,326  
Total liabilities 227,980 282,467  
Estimated fair value of investments $ 2,634 $ 4,559  
Number of VIEs | investment 20 20  
Variable Interest Entity, Primary Beneficiary | Legacy Sequoia | Residential loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value $ 230,455 $ 285,935  
Variable Interest Entity, Primary Beneficiary | Legacy Sequoia | Business purpose loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary | Legacy Sequoia | Multifamily loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary | Sequoia      
Variable Interest Entity [Line Items]      
Other investments 0 0  
Cash and cash equivalents 0 0  
Restricted cash 5 0  
Accrued interest receivable 10,885 6,802  
Other assets 0 0  
Total Assets 3,639,355 1,572,124  
Short-term debt 0 0  
Accrued interest payable 8,452 4,697  
Accrued expenses and other liabilities 5 50  
Asset-backed securities issued 3,383,048 1,347,357  
Total liabilities 3,391,505 1,352,104  
Estimated fair value of investments $ 245,417 $ 220,020  
Number of VIEs | investment 16 10  
Variable Interest Entity, Primary Beneficiary | Sequoia | Residential loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value $ 3,628,465 $ 1,565,322  
Variable Interest Entity, Primary Beneficiary | Sequoia | Business purpose loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary | Sequoia | Multifamily loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary | CAFL(1)      
Variable Interest Entity [Line Items]      
Other investments 0 0  
Cash and cash equivalents 0 0  
Restricted cash 15,221 0  
Accrued interest receivable 15,737 13,055  
Other assets 32,510 2,930  
Total Assets 3,829,784 3,265,179  
Short-term debt 0 0  
Accrued interest payable 11,030 10,278  
Accrued expenses and other liabilities 1,171 0  
Asset-backed securities issued 3,474,898 3,013,093  
Total liabilities 3,487,099 3,023,371  
Estimated fair value of investments $ 31,657 $ 238,680  
Number of VIEs | investment 16 14  
Variable Interest Entity, Primary Beneficiary | CAFL(1) | Residential loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value $ 0 $ 0  
Variable Interest Entity, Primary Beneficiary | CAFL(1) | Business purpose loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 3,766,316 3,249,194  
Variable Interest Entity, Primary Beneficiary | CAFL(1) | Multifamily loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary | Freddie Mac SLST(1)      
Variable Interest Entity [Line Items]      
Other investments 0 0  
Cash and cash equivalents 0 0  
Restricted cash 0 0  
Accrued interest receivable 5,792 6,754  
Other assets 2,028 646  
Total Assets 1,896,050 2,228,553  
Short-term debt 0 0  
Accrued interest payable 4,055 4,846  
Accrued expenses and other liabilities 0 0  
Asset-backed securities issued 1,588,463 1,993,919  
Total liabilities 1,592,518 1,998,765  
Estimated fair value of investments $ 339,419 $ 229,788  
Number of VIEs | investment 3 2  
Variable Interest Entity, Primary Beneficiary | Freddie Mac SLST(1) | Residential loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value $ 1,888,230 $ 2,221,153  
Variable Interest Entity, Primary Beneficiary | Freddie Mac SLST(1) | Business purpose loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary | Freddie Mac SLST(1) | Multifamily loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary | Freddie Mac K-Series      
Variable Interest Entity [Line Items]      
Other investments 0 0  
Cash and cash equivalents 0 0  
Restricted cash 0 0  
Accrued interest receivable 1,315 1,337  
Other assets 0 0  
Total Assets 474,829 493,558  
Short-term debt 0 0  
Accrued interest payable 1,190 1,177  
Accrued expenses and other liabilities 0 0  
Asset-backed securities issued 441,857 463,966  
Total liabilities 443,047 465,143  
Estimated fair value of investments $ 301,795 $ 28,415  
Number of VIEs | investment 1 1  
Variable Interest Entity, Primary Beneficiary | Freddie Mac K-Series | Residential loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value $ 0 $ 0  
Variable Interest Entity, Primary Beneficiary | Freddie Mac K-Series | Business purpose loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary | Freddie Mac K-Series | Multifamily loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 473,514 492,221  
Variable Interest Entity, Primary Beneficiary | Servicing Investment      
Variable Interest Entity [Line Items]      
Other investments 384,754 251,773  
Cash and cash equivalents 6,481 11,579  
Restricted cash 25,420 23,220  
Accrued interest receivable 1,462 2,334  
Other assets 7,177 5,723  
Total Assets 425,294 294,629  
Short-term debt 294,447 208,375  
Accrued interest payable 192 135  
Accrued expenses and other liabilities 28,115 18,353  
Asset-backed securities issued 0 0  
Total liabilities 322,754 226,863  
Estimated fair value of investments   $ 67,766  
Servicing asset, fair value $ 102,540    
Number of VIEs | investment 3 3  
Variable Interest Entity, Primary Beneficiary | Servicing Investment | Residential loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value $ 0 $ 0  
Variable Interest Entity, Primary Beneficiary | Servicing Investment | Business purpose loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary | Servicing Investment | Multifamily loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 0 $ 0  
Variable Interest Entity, Primary Beneficiary | Point HEI      
Variable Interest Entity [Line Items]      
Other investments 159,553    
Cash and cash equivalents 0    
Restricted cash 5,292    
Accrued interest receivable 0    
Other assets 50    
Total Assets 164,895    
Short-term debt 0    
Accrued interest payable 0    
Accrued expenses and other liabilities 17,034    
Asset-backed securities issued 137,410    
Total liabilities 154,444    
Estimated fair value of investments $ 10,451    
Number of VIEs | investment 1    
Variable Interest Entity, Primary Beneficiary | Point HEI | Residential loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value $ 0    
Variable Interest Entity, Primary Beneficiary | Point HEI | Business purpose loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value 0    
Variable Interest Entity, Primary Beneficiary | Point HEI | Multifamily loans, held-for-investment      
Variable Interest Entity [Line Items]      
Loans, at fair value $ 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.