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Commitments and Contingencies - Additional Information (Details)
 3 Months Ended 12 Months Ended
Jul. 01, 2022
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
repurchase_request
tranche
loan
lease
Dec. 31, 2021
USD ($)
loan
repurchase_request
Dec. 31, 2020
USD ($)
loan
Dec. 31, 2018
partnership
Sep. 30, 2022
lease
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Loss Contingencies [Line Items]                  
Lessee, number of leases | lease     10            
Present value of remaining lease payments     $ 21,111,000            
Operating lease expense     5,000,000 $ 4,000,000 $ 4,000,000        
Net market valuation adjustments     (227,186,000) 321,433,000 (541,399,000)        
Unamortized leasehold improvements     3,000,000            
Leasehold amortization expense     500,000 500,000 500,000        
Number of operating leases entered into | lease             3    
Operating lease liabilities     $ 18,563,000 $ 20,960,000          
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     $ 16,177,000 $ 18,772,000          
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]     Other assets Other assets          
Weighted average remaining lease term     5 years            
Discount rate (as a percent)     5.20%            
Derivative liabilities [1]     $ 16,855,000 $ 3,317,000          
Number of partnerships, committed to fund | partnership           2      
Risk share income     1,289,000 2,815,000 $ 4,367,000        
Guarantee obligations     6,344,000 7,459,000          
Guarantee obligation, credit reserve     5,000,000            
SPE, assets     30,000,000 34,000,000          
SPE, liabilities     6,000,000 7,000,000          
Repurchase reserve     6,000,000 9,000,000          
Loan and MSR repurchase reserve     $ 7,051,000 $ 9,306,000          
Residential loans repurchase requests | repurchase_request     14 4          
Residential loans, number of loans repurchased | loan     1 2 1        
Residential loans repurchase (reversal) provision     $ 3,000,000 $ 1,000,000 $ 4,000,000        
Mortgage loans on real estate, loans repurchased     43,000 200,000 100,000        
Aggregate amount of loss contingency reserves     2,000,000            
Residential Loans                  
Loss Contingencies [Line Items]                  
Unpaid principal balance     822,063,000 1,813,865,000          
Fair value of loans     $ 780,781,000 $ 1,845,282,000          
Number of loans in foreclosure | loan     0 0          
Business Purpose Loans                  
Loss Contingencies [Line Items]                  
Loan and MSR repurchase reserve     $ 1,000,000 $ 0          
Residential loans repurchase requests | repurchase_request     8 0          
Residential loans repurchase (reversal) provision     $ 1,000,000 $ 0          
Mortgage Banking And Investment Activities                  
Loss Contingencies [Line Items]                  
Market valuation changes in fair value of guarantee asset     (100,000) (100,000) $ (1,000,000)        
Maximum                  
Loss Contingencies [Line Items]                  
Loss in period     100,000            
Guarantee Obligations                  
Loss Contingencies [Line Items]                  
Original principal balance of loans sold subject to risk sharing agreement               $ 3,190,000,000 $ 3,190,000,000
Potential future payments on risk sharing agreements     44,000,000            
Unpaid principal balance     $ 439,000,000            
FICO credit score     760            
Loan to value ratio     74.00%            
Guarantee Obligations | Residential Loans                  
Loss Contingencies [Line Items]                  
Number of loans in foreclosure | tranche     5            
Loans held as assets amount in foreclosure     $ 900,000            
Riverbend                  
Loss Contingencies [Line Items]                  
Earnout period 2 years                
Potential future payments on loans $ 25,300,000                
Contingent consideration     0            
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential Loans                  
Loss Contingencies [Line Items]                  
Fair value of loans     208,000 2,923,000          
Financing Receivables, Equal to Greater than 90 Days Past Due | Guarantee Obligations                  
Loss Contingencies [Line Items]                  
Fair value of loans     8,000,000            
Commitment To Fund Residential Bridge Loan                  
Loss Contingencies [Line Items]                  
Net market valuation adjustments     (500,000) 1,000,000          
Other commitment     904,000,000            
Derivative liabilities     2,000,000 $ 1,000,000          
Commitment To Acquire HEIs                  
Loss Contingencies [Line Items]                  
Cumulative commitment     69,000,000            
Commitment To Fund Strategic Investment                  
Loss Contingencies [Line Items]                  
Other commitment     15,000,000            
Payments for other commitments   $ 25,000,000              
Commitment To Fund RWT Horizons Investments                  
Loss Contingencies [Line Items]                  
Other commitment     $ 1,000,000            
Payments for other commitments   $ 5,000,000              
[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 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.