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Other Investments - Schedule of Other Investments (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022
--- | --- | ---
Net Investment Income [Line Items] |  |  |
Total Other Investments | [1] | $ 340,361 | $ 390,938
Mortgage servicing rights |  |  |
Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | 26,033 | 25,421
Other |  |  |
Net Investment Income [Line Items] |  |  |
Other |  | 234 | 705
Servicer advance investments |  |  |
Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | 219,813 | 269,259
Strategic investments |  |  |
Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | 55,854 | 56,518
Excess MSRs |  |  |
Net Investment Income [Line Items] |  |  |
Mortgage servicing rights |  | $ 38,427 | $ 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 September 30, 2023 and December 31, 2022, assets of consolidated VIEs totaled $9,639,117 and $9,257,291, respectively. At September 30, 2023 and December 31, 2022, liabilities of consolidated VIEs totaled $8,635,696 and $8,270,276, respectively. See Note 4 for further discussion.

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