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Short-Term Debt - Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt (Details)
 9 Months Ended 12 Months Ended
Sep. 30, 2023
USD ($)
facility
Dec. 31, 2022
USD ($)
facility
Short-term Debt [Line Items]    
Outstanding Balance [1] $ 1,476,654,000 $ 2,029,679,000
Facilities    
Short-term Debt [Line Items]    
Number of Facilities | facility 13 19
Outstanding Balance $ 1,031,866,000 $ 1,620,096,000
Facilities | Residential loan warehouse    
Short-term Debt [Line Items]    
Number of Facilities | facility 4 7
Outstanding Balance $ 548,334,000 $ 703,406,000
Limit $ 1,050,000,000 $ 2,550,000,000
Weighted Average Interest Rate (as a percent) 7.28% 6.16%
Weighted Average Days Until Maturity 132 days 267 days
Facilities | Business purpose loan warehouse    
Short-term Debt [Line Items]    
Number of Facilities | facility 2 4
Outstanding Balance $ 70,424,000 $ 680,100,000
Limit $ 455,000,000 $ 1,650,000,000
Weighted Average Interest Rate (as a percent) 8.12% 6.93%
Weighted Average Days Until Maturity 259 days 179 days
Facilities | Real estate securities repo    
Short-term Debt [Line Items]    
Number of Facilities | facility 5 7
Outstanding Balance $ 237,835,000 $ 124,909,000
Limit $ 0 $ 0
Weighted Average Interest Rate (as a percent) 6.99% 5.22%
Weighted Average Days Until Maturity 54 days 27 days
Facilities | Residential MSR warehouse    
Short-term Debt [Line Items]    
Number of Facilities | facility 1  
Outstanding Balance $ 48,470,000  
Limit $ 50,000,000  
Weighted Average Interest Rate (as a percent) 8.57%  
Weighted Average Days Until Maturity 30 days  
Facilities | HEI warehouse    
Short-term Debt [Line Items]    
Number of Facilities | facility 1 1
Outstanding Balance $ 126,803,000 $ 111,681,000
Limit $ 150,000,000 $ 150,000,000
Weighted Average Interest Rate (as a percent) 9.92% 8.54%
Weighted Average Days Until Maturity 306 days 306 days
Servicer advance financing    
Short-term Debt [Line Items]    
Number of Facilities | facility 1 1
Outstanding Balance $ 154,127,000 $ 206,510,000
Limit $ 240,000,000 $ 290,000,000
Weighted Average Interest Rate (as a percent) 7.67% 6.67%
Weighted Average Days Until Maturity 32 days 305 days
Subordinate securities financing    
Short-term Debt [Line Items]    
Number of Facilities | facility 1  
Outstanding Balance $ 126,506,000  
Limit $ 0  
Weighted Average Interest Rate (as a percent) 5.71%  
Weighted Average Days Until Maturity 358 days  
Promissory notes    
Short-term Debt [Line Items]    
Outstanding Balance $ 16,518,000 $ 27,058,000
Weighted Average Interest Rate (as a percent) 6.94% 6.64%
Convertible notes, net    
Short-term Debt [Line Items]    
Outstanding Balance $ 147,637,000 $ 176,015,000
Weighted Average Interest Rate (as a percent) 5.63% 4.75%
Weighted Average Days Until Maturity 289 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 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.