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Other Investments - Summary of Other Investments (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021
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Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | $ 239,552 | $ 310,953
Other Investments | [1] | 679,667 | 641,969
HEIs |  |  |
Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | 276,366 | 192,740
Servicer advance investments |  |  |
Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | 273,210 | 350,923
Strategic investments |  |  |
Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | 63,860 | 35,702
Excess MSRs |  |  |
Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | 40,803 | 44,231
Mortgage servicing rights |  |  |
Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | 23,560 | 12,438
Other |  |  |
Net Investment Income [Line Items] |  |  |
Loans held for investment |  | $ 1,868 | $ 5,935
[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 June 30, 2022 and December 31, 2021, assets of consolidated VIEs totaled $9,951,520 and $10,661,081, respectively. At June 30, 2022 and December 31, 2021, liabilities of consolidated VIEs totaled $8,899,020 and $9,619,347, respectively. See Note 4 for further discussion.

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