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Other Investments - Summary of Other Investments (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Investment [Line Items]
Home equity investments	[1]	$ 403,462	$ 192,740
Total Other Investments	[1]	390,938	449,229
Mortgage servicing rights
Investment [Line Items]
Servicing asset, fair value		25,421	12,438
Other
Investment [Line Items]
Home equity investments		705	5,935
Residential Loans
Investment [Line Items]
Servicing asset, fair value		269,259	350,923
Strategic investments
Investment [Line Items]
Servicing asset, fair value		56,518	35,702
Excess MSRs
Investment [Line Items]
Servicing asset, fair value		$ 39,035	$ 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 December 31, 2022 and 2021, assets of consolidated VIEs totaled $9,257,291 and $10,661,081, respectively. At December 31, 2022 and 2021, liabilities of consolidated VIEs totaled $8,270,276 and $9,619,347, respectively. See Note 4 for further discussion.

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