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Asset-Backed Securities Issued - Additional Information (Details) - USD ($) | 3 Months Ended |  |  |  |
--- | --- | --- | --- | --- | ---
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2052 | Mar. 31, 2029 | Jul. 31, 2023 | Dec. 31, 2021
Debt Instrument [Line Items] |  |  |  |  |  |  |
Net Carrying Value |  | $ 1,963,704,000 |  |  |  |  | $ 1,640,833,000
Other assets | [1] | $ 202,202,000 |  |  |  |  | 231,117,000
VIE, ownership interest rate (as a percent) |  | 80.00% |  |  |  |  |
Variable Interest Entity, Primary Beneficiary | Point HEI |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
ABS issued, net, Amortized cost |  | $ 146,000,000 |  |  |  |  |
Variable Interest Entity, Primary Beneficiary | CoreVest |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
ABS issued, net, Amortized cost |  | 270,000,000 |  |  |  |  |
Variable Interest Entity, Primary Beneficiary | Freddie Mac SLST |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
ABS issued, net, Amortized cost |  |  | $ 210,000,000 |  |  |  |
Asset-backed securities issued | CoreVest |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Debt instrument, face amount |  | 270,000,000 |  |  |  |  | 270,000,000
Restricted cash |  | 8,000,000 |  |  |  |  |
Other assets |  | 6,000,000 |  |  |  |  |
Total funding capacity |  | 300,000,000 |  |  |  |  |
Asset-backed securities issued | Freddie Mac SLST |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Debt instrument, face amount |  | 131,000,000 |  |  |  |  | $ 145,000,000
Asset-backed securities issued | Variable Interest Entity, Primary Beneficiary |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Debt instrument, face amount |  | 129,000,000 |  |  |  |  |
Unamortized debt discount |  | $ 2,000,000 |  |  |  |  |
Debt Instrument interest rate |  | 4.75% |  |  |  |  |
VIE, ownership interest rate (as a percent) |  |  | 100.00% |  |  |  |
Asset-backed securities issued | Variable Interest Entity, Primary Beneficiary | Forecast |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Debt Instrument interest rate |  |  |  | 2.00% | 2.00% | 7.75% |
Asset-backed securities issued | Variable Interest Entity, Primary Beneficiary | CoreVest |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Unamortized debt discount |  | $ 2,000,000 |  |  |  |  |
Net Carrying Value |  | $ 268,000,000 |  |  |  |  |
Debt Instrument interest rate |  | 2.34% |  |  |  |  |
Asset-backed securities issued | Contractual maturities of over five years |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Contractual maturities of securities (in years) |  | 5 years |  |  |  |  |
[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 March 31, 2022 and December 31, 2021, assets of consolidated VIEs totaled $10,250,802 and $10,661,081, respectively. At March 31, 2022 and December 31, 2021, liabilities of consolidated VIEs totaled $9,202,156 and $9,619,347, respectively. See Note 4 for further discussion.

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