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Other Investments - Additional Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
investment
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
partnership
investment
Jun. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Net Investment Income [Line Items]          
Number of partnerships consolidated | partnership     2    
Commitment to fund partnership     $ 148,000    
Mortgage servicing rights $ 239,552   239,552   $ 310,953
Collateral amounts 1,405,695   1,405,695   1,306,932
Investment fair value changes, net (87,972) $ 49,480 (94,092) $ 94,567  
Investments 9,000   9,000    
Other income, net 7,006 2,126 12,989 5,969  
Interest income 167,455 138,695 356,855 267,000  
Servicer advance financing          
Net Investment Income [Line Items]          
Collateral amounts 240,000   240,000    
Equity investment income 5,000   10,000    
Investment fair value changes, net (3,000)   (6,000)    
Held-for-sale residential loans          
Net Investment Income [Line Items]          
Mortgage servicing rights 273,210   273,210   350,923
Servicing asset, unpaid principal balance on underlying loan 12,090,000   12,090,000    
Point HEI          
Net Investment Income [Line Items]          
Investment fair value changes, net 5,000        
Interest expense 1,000   2,000    
Excess MSRs          
Net Investment Income [Line Items]          
Mortgage servicing rights 40,803   40,803   44,231
Investment fair value changes, net (2,000)   (3,000)    
Interest income 4,000   8,000    
Fair value option elected aggregate carrying amount, asset 0   5,000    
HEIs | Commitment To Acquire HEIs          
Net Investment Income [Line Items]          
Cumulative commitment 225,000   225,000    
Shared home appreciation options | Redwood          
Net Investment Income [Line Items]          
Mortgage servicing rights 130,000   130,000    
Shared home appreciation options | Point HEI          
Net Investment Income [Line Items]          
Mortgage servicing rights 146,000   146,000    
Shared home appreciation options | Commitment To Fund Investment          
Net Investment Income [Line Items]          
Investment fair value changes, net 2,000   3,000    
Strategic investments          
Net Investment Income [Line Items]          
Investment fair value changes, net 10,000   $ 10,000    
Other income, net $ 300        
Strategic investments | RWT Horizons          
Net Investment Income [Line Items]          
Number of investments made | investment 24   24    
Investments $ 24,000   $ 24,000    
Strategic investments | Churchill Finance          
Net Investment Income [Line Items]          
Number of investments made | investment 6   6    
MSRs          
Net Investment Income [Line Items]          
Mortgage servicing rights $ 23,560   $ 23,560   12,438
Aggregate principal balance 2,280,000   2,280,000   $ 2,120,000
MSR income (losses), net 5,000   10,000    
Investment Fair Value Changes, Net          
Net Investment Income [Line Items]          
Market valuations gains (losses), net (87,972) 49,480 (94,092) 94,567  
Investment Fair Value Changes, Net | Point Entities          
Net Investment Income [Line Items]          
Market valuations gains (losses), net $ 1,201 $ 0 $ 4,612 $ 0