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Short-Term Debt - Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt (Details)
 6 Months Ended 12 Months Ended
Jun. 30, 2023
USD ($)
facility
Dec. 31, 2022
USD ($)
facility
Short-term Debt [Line Items]    
Outstanding Balance [1] $ 1,457,122,000 $ 2,029,679,000
Facilities    
Short-term Debt [Line Items]    
Number of Facilities | facility 15 19
Outstanding Balance $ 1,163,161,000 $ 1,620,096,000
Facilities | Residential loan warehouse    
Short-term Debt [Line Items]    
Number of Facilities | facility 5 7
Outstanding Balance $ 176,592,000 $ 703,406,000
Limit $ 1,250,000,000 $ 2,550,000,000
Weighted Average Interest Rate (as a percent) 7.26% 6.16%
Weighted Average Days Until Maturity 175 days 267 days
Facilities | Business purpose loan warehouse    
Short-term Debt [Line Items]    
Number of Facilities | facility 4 4
Outstanding Balance $ 603,196,000 $ 680,100,000
Limit $ 1,355,000,000 $ 1,650,000,000
Weighted Average Interest Rate (as a percent) 7.68% 6.93%
Weighted Average Days Until Maturity 93 days 179 days
Facilities | Real estate securities repo    
Short-term Debt [Line Items]    
Number of Facilities | facility 5 7
Outstanding Balance $ 253,365,000 $ 124,909,000
Limit $ 0 $ 0
Weighted Average Interest Rate (as a percent) 6.59% 5.22%
Weighted Average Days Until Maturity 33 days 27 days
Facilities | HEI warehouse    
Short-term Debt [Line Items]    
Number of Facilities | facility 1 1
Outstanding Balance $ 130,008,000 $ 111,681,000
Limit $ 150,000,000 $ 150,000,000
Weighted Average Interest Rate (as a percent) 9.76% 8.54%
Weighted Average Days Until Maturity 125 days 306 days
Servicer advance financing    
Short-term Debt [Line Items]    
Number of Facilities | facility 1 1
Outstanding Balance $ 162,981,000 $ 206,510,000
Limit $ 270,000,000 $ 290,000,000
Weighted Average Interest Rate (as a percent) 7.44% 6.67%
Weighted Average Days Until Maturity 124 days 305 days
Promissory notes    
Short-term Debt [Line Items]    
Outstanding Balance $ 18,483,000 $ 27,058,000
Weighted Average Interest Rate (as a percent) 6.89% 6.64%
Convertible notes, net    
Short-term Debt [Line Items]    
Outstanding Balance $ 112,497,000 $ 176,015,000
Weighted Average Interest Rate (as a percent) 4.75% 4.75%
Weighted Average Days Until Maturity 46 days 227 days
[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.