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Other Investments - Summary of Other Investments (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Net Investment Income [Line Items]
Total Other Investments	[1]	$ 355,537	$ 390,938
Mortgage servicing rights
Net Investment Income [Line Items]
Mortgage servicing rights		26,242	25,421
Other
Net Investment Income [Line Items]
Other		247	705
Servicer advance investments
Net Investment Income [Line Items]
Mortgage servicing rights		234,304	269,259
Strategic investments
Net Investment Income [Line Items]
Mortgage servicing rights		54,867	56,518
Excess MSRs
Net Investment Income [Line Items]
Mortgage servicing rights		$ 39,877	$ 39,035
[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, 2023 and December 31, 2022, assets of consolidated VIEs totaled $9,492,706 and $9,257,291, respectively. At June 30, 2023 and December 31, 2022, liabilities of consolidated VIEs totaled $8,439,522 and $8,270,276, respectively. See Note 4 for further discussion.

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