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Residential Loans - Summary of Classifications and Carrying Value of Residential Loans (Details) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Held-for-sale at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans [1] $ 1,347,069 $ 1,845,282
Held-for-investment at fair value | Legacy Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 222,213 230,455
Held-for-investment at fair value | Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 3,872,316 3,628,465
Held-for-investment at fair value | Freddie Mac SLST    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 1,775,538 1,888,230
Residential Loans    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 7,217,137 7,592,432
Residential Loans | Legacy Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 222,213 230,455
Residential Loans | Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 3,872,316 3,628,465
Residential Loans | Freddie Mac SLST    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 1,775,539 1,888,230
Residential Loans | Held-for-sale at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 1,347,069 1,845,282
Residential Loans | Held-for-sale at fair value | Legacy Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 0 0
Residential Loans | Held-for-sale at fair value | Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 0 0
Residential Loans | Held-for-sale at fair value | Freddie Mac SLST    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 0 0
Residential Loans | Held-for-investment at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 5,870,068 5,747,150
Residential Loans | Held-for-investment at fair value | Legacy Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 222,213 230,455
Residential Loans | Held-for-investment at fair value | Sequoia    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 3,872,316 3,628,465
Residential Loans | Held-for-investment at fair value | Freddie Mac SLST    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 1,775,539 1,888,230
Residential Loans | Redwood    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 1,347,069 1,845,282
Residential Loans | Redwood | Held-for-sale at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans 1,347,069 1,845,282
Residential Loans | Redwood | Held-for-investment at fair value    
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]    
Fair value of loans $ 0 $ 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 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.