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Commitments and Contingencies - Additional Information (Details)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
USD ($)
lease
Mar. 31, 2022
USD ($)
Jun. 30, 2021
USD ($)
Mar. 31, 2019
partnership
Jun. 30, 2022
USD ($)
lease
repurchase_request
loan
Jun. 30, 2021
USD ($)
repurchase_request
Dec. 31, 2021
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Loss Contingencies [Line Items]                  
Lessee, number of leases | lease 7       7        
Present value of remaining lease payments $ 22,417       $ 22,417        
Operating lease expense         2,000 $ 2,000      
Operating lease liabilities $ 19,448       $ 19,448   $ 20,960    
Operating lease liability, statement of financial position [Extensible List] Accounts Payable and Accrued Liabilities       Accounts Payable and Accrued Liabilities        
Operating lease right-of-use assets $ 17,074       $ 17,074   18,772    
Operating lease right-of-use asset, statement of financial position [Extensible List] Other assets       Other assets        
Weighted average remaining lease term 6 years       6 years        
Discount rate (as a percent) 5.10%       5.10%        
Derivative liabilities [1] $ 6,591       $ 6,591   3,317    
Net market valuation gains (losses) (3,000)   $ 1,000   (3,000) 2,000      
Number of partnerships, committed to fund | partnership       2          
Other income related to risk sharing agreement 323   861   783 $ 1,743      
Guarantee obligations 6,768       6,768   7,459    
Guarantee obligations, credit reserve 5,000       5,000        
Special purpose entities assets 34,000       34,000        
Special purpose entities liabilities 7,000       7,000        
Residential repurchase reserve 5,678       $ 5,678   9,306    
Number of residential repurchase requests (in repurchase requests) | repurchase_request         3 1      
Number of loans repurchased | loan         0        
Residential loans repurchase (reversal) provision (4,000)   $ (200)   $ (4,000) $ (300)      
Aggregate amount of loss contingency reserves 2,000       2,000        
HEIs                  
Loss Contingencies [Line Items]                  
Payments to acquire other investments         350,000        
Maximum                  
Loss Contingencies [Line Items]                  
Loss from arrangements         100        
Residential Loans                  
Loss Contingencies [Line Items]                  
Unpaid principal balance 1,238,469       1,238,469   1,813,865    
Fair value of loans 1,213,067       1,213,067   1,845,282    
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential Loans                  
Loss Contingencies [Line Items]                  
Fair value of loans 211       211   2,923    
Other income                  
Loss Contingencies [Line Items]                  
Other income related to risk sharing agreement 300       1,000        
Guarantee Obligations                  
Loss Contingencies [Line Items]                  
Original unpaid balance of loans subject to risk sharing agreements               $ 3,190,000 $ 3,190,000
Potential future payments on loans 44,000       44,000        
Unpaid principal balance $ 476,000       $ 476,000        
Weighted average original FICO score 756       756        
Weighted average original loan-to-value (LTV) 74.00%       74.00%        
Guarantee Obligations | Residential Loans                  
Loss Contingencies [Line Items]                  
Unpaid principal balance of loans in foreclosure $ 1,000       $ 1,000        
Guarantee Obligations | Financing Receivables, Equal to Greater than 90 Days Past Due                  
Loss Contingencies [Line Items]                  
Fair value of loans 12,000       12,000        
Commitment To Fund Residential Bridge Loan                  
Loss Contingencies [Line Items]                  
Other commitments made 835,000       835,000        
Derivative liabilities (4,000)       (4,000)        
Commitment To Acquire HEIs | HEIs                  
Loss Contingencies [Line Items]                  
Payments to acquire other investments 100,000                
Cumulative commitment 225,000       225,000        
Commitment To Fund Strategic Investment                  
Loss Contingencies [Line Items]                  
Other commitments made 9,400       9,400        
Payments for other commitments   $ 25,000              
Commitment To Fund RWT Horizons Investments                  
Loss Contingencies [Line Items]                  
Other commitments made $ 1,000       $ 1,000        
Payments for other commitments             $ 5,000    
[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.