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Other Investments - Summary of Other Investments (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
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.