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Commitments and Contingencies - Additional Information (Details)
 3 Months Ended 6 Months Ended 12 Months Ended
Jul. 01, 2022
USD ($)
Jun. 30, 2023
USD ($)
loan
lease
tranche
Jun. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Jun. 30, 2023
USD ($)
loan
lease
repurchase_request
tranche
Jun. 30, 2022
USD ($)
repurchase_request
loan
Dec. 31, 2021
USD ($)
Dec. 31, 2018
partnership
Dec. 31, 2022
USD ($)
loan
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Loss Contingencies [Line Items]                      
Lessee, number of leases | lease   10     10            
Present value of remaining lease payments   $ 18,788,000     $ 18,788,000            
Operating lease expense         $ 3,000,000 $ 2,000,000          
Lessee, number of office leases | lease   1     1            
Operating lease liabilities   $ 16,670,000     $ 16,670,000       $ 18,563,000    
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   $ 14,337,000     $ 14,337,000       16,177,000    
Operating lease right-of-use asset, statement of financial position [Extensible List]   Other assets     Other assets            
Weighted average remaining lease term   5 years     5 years            
Discount rate (as a percent)   5.20%     5.20%            
Derivative liabilities [1]   $ 2,316,000     $ 2,316,000       16,855,000    
Market valuation adjustments   6,324,000 $ (130,735,000)   17,594,000 (132,594,000)          
Number of partnerships, committed to fund | partnership               2      
Guarantee obligations   6,079,000     6,079,000       6,344,000    
Guarantee obligations, credit reserve   5,000,000     5,000,000            
Special purpose entities assets   30,000,000     30,000,000       30,000,000    
Special purpose entities liabilities   6,000,000     6,000,000       6,000,000    
Residential repurchase reserve   4,564,000     4,564,000       7,051,000    
Residential loans repurchase (reversal) provision         1,000,000 $ 4,000,000          
Aggregate amount of loss contingency reserves   2,000,000     2,000,000            
Riverbend Funding, LLC                      
Loss Contingencies [Line Items]                      
Earnout period 2 years                    
Potential future payments on loans $ 25,300,000                    
Contingent liability   0     0            
Maximum                      
Loss Contingencies [Line Items]                      
Loss from arrangements         100,000            
Residential Loans                      
Loss Contingencies [Line Items]                      
Unpaid principal balance   197,272,000     197,272,000       822,063,000    
Fair value of loans   $ 196,737,000     $ 196,737,000       $ 780,781,000    
Number of loans in foreclosure | loan   0     0       0    
Business Purpose Loans                      
Loss Contingencies [Line Items]                      
Residential repurchase reserve   $ 0     $ 0       $ 1,000,000    
Number of residential repurchase requests (in repurchase requests) | repurchase_request         3 0          
Number of loans repurchased | loan         12 0          
Repurchase request outstanding   0     $ 0       1,000,000    
Other income                      
Loss Contingencies [Line Items]                      
Other income related to risk sharing agreement   200,000     300,000            
Guarantee Obligations                      
Loss Contingencies [Line Items]                      
Potential future payments on loans   44,000,000     44,000,000            
Original unpaid balance of loans subject to risk sharing agreements                   $ 3,190,000,000 $ 3,190,000,000
Unpaid principal balance   $ 418,000,000     $ 418,000,000            
Weighted average original FICO score   761     761            
Weighted average original loan-to-value (LTV)   74.00%     74.00%            
Guarantee Obligations | Residential Loans                      
Loss Contingencies [Line Items]                      
Number of loans in foreclosure | tranche   4     4            
Unpaid principal balance of loans in foreclosure   $ 1,000,000     $ 1,000,000            
Guarantee Obligations | Financing Receivables, Equal to Greater than 90 Days Past Due                      
Loss Contingencies [Line Items]                      
Fair value of loans   5,000,000     5,000,000            
Repurchase Reserves                      
Loss Contingencies [Line Items]                      
Residential repurchase reserve   5,000,000     $ 5,000,000       $ 6,000,000    
Number of residential repurchase requests (in repurchase requests) | repurchase_request         1 3          
Number of loans repurchased | loan         5 0          
Commitment To Fund Residential Bridge Loan                      
Loss Contingencies [Line Items]                      
Other commitments made   755,000,000     $ 755,000,000            
Derivative liabilities   (1,000,000)     (1,000,000)            
Market valuation adjustments   6,000     (3,000)            
Commitment To Fund Strategic Investment                      
Loss Contingencies [Line Items]                      
Other commitments made   15,000,000     15,000,000            
Payments for other commitments       $ 25,000,000              
Commitment To Fund RWT Horizons Investments                      
Loss Contingencies [Line Items]                      
Other commitments made   $ 2,000,000     $ 2,000,000            
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 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.