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Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet [1] $ 36,587 $ 26,467
Liabilities    
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet [1] (6,591) (3,317)
Total Liabilities    
Gross Amounts of Recognized Assets (Liabilities) (429,683) (575,534)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (429,683) (575,534)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 428,209 574,629
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 1,474 895
Net Amount 0 (10)
Interest rate agreements    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 29,601 18,929
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 29,601 18,929
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments (2,445) (1,251)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged (6,451) (16,046)
Net Amount 20,705 1,632
Liabilities    
Gross Amounts of Recognized Assets (Liabilities) (2,445) (1,251)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (2,445) (1,251)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 2,445 1,251
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 0 0
Net Amount 0 0
TBAs    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 3,104 2,880
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 3,104 2,880
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments (530) (633)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged (2,574) (704)
Net Amount 0 1,543
Liabilities    
Gross Amounts of Recognized Assets (Liabilities) (2,004) (658)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (2,004) (658)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 530 633
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 1,474 15
Net Amount 0 (10)
Futures    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 1,875 25
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 1,875 25
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments (1,615) (25)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged (2) 0
Net Amount 258 0
Liabilities    
Gross Amounts of Recognized Assets (Liabilities) (1,615) (905)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (1,615) (905)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 1,615 25
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 0 880
Net Amount 0 0
Interest Rate Agreement, TBAs, and Futures    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 34,580 21,834
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 34,580 21,834
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments (4,590) (1,909)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged (9,027) (16,750)
Net Amount 20,963 3,175
Loan warehouse debt    
Loan warehouse debt and Security repurchase agreement    
Gross Amounts of Recognized Assets (Liabilities) (423,619) (572,720)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (423,619) (572,720)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 423,619 572,720
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 0 0
Net Amount $ 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 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.