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Short-Term Debt - Remaining Maturities of Short Term Debt (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Short-term Debt [Line Items]    
Short-term debt [1] $ 1,457,122 $ 2,029,679
Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 517,410  
31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 375,671  
Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 564,041  
Facilities    
Short-term Debt [Line Items]    
Short-term debt 1,163,161 1,620,096
Facilities | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 517,410  
Facilities | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 244,691  
Facilities | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 401,060  
Facilities | Held-for-sale residential loans    
Short-term Debt [Line Items]    
Short-term debt 176,592 703,406
Facilities | Held-for-sale residential loans | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Held-for-sale residential loans | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 4,267  
Facilities | Held-for-sale residential loans | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 172,325  
Facilities | Business purpose loans    
Short-term Debt [Line Items]    
Short-term debt 603,196  
Facilities | Business purpose loans | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 316,881  
Facilities | Business purpose loans | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 187,588  
Facilities | Business purpose loans | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 98,727  
Facilities | Real estate securities    
Short-term Debt [Line Items]    
Short-term debt 253,365  
Facilities | Real estate securities | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 200,529  
Facilities | Real estate securities | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 52,836  
Facilities | Real estate securities | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | HEI warehouse    
Short-term Debt [Line Items]    
Short-term debt 130,008 111,681
Facilities | HEI warehouse | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | HEI warehouse | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | HEI warehouse | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 130,008  
Servicer advance financing    
Short-term Debt [Line Items]    
Short-term debt 162,981 206,510
Servicer advance financing | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Servicer advance financing | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Servicer advance financing | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 162,981  
Promissory notes    
Short-term Debt [Line Items]    
Short-term debt 18,483 27,058
Promissory notes | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Promissory notes | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 18,483  
Promissory notes | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net    
Short-term Debt [Line Items]    
Short-term debt 112,497 $ 176,015
Convertible notes, net | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 112,497  
Convertible notes, net | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt $ 0  
[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.