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Other Investments - Summary of Other Investments (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021
--- | --- | ---
Net Investment Income [Line Items] |  |  |
Home equity investments | [1] | $ 340,437 | $ 192,740
Other Investments | [1] | 412,762 | 449,229
Mortgage servicing rights |  |  |
Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | 24,796 | 12,438
Other |  |  |
Net Investment Income [Line Items] |  |  |
Other |  | 973 | 5,935
Servicer advance investments |  |  |
Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | 274,934 | 350,923
Strategic investments |  |  |
Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | 71,607 | 35,702
Excess MSRs |  |  |
Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | $ 40,452 | $ 44,231
[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 September 30, 2022 and December 31, 2021, assets of consolidated VIEs totaled $9,449,163 and $10,661,081, respectively. At September 30, 2022 and December 31, 2021, liabilities of consolidated VIEs totaled $8,448,479 and $9,619,347, respectively. See Note 4 for further discussion.

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