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Asset-Backed Securities Issued - Additional Information (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Dec. 31, 2052
May 31, 2029
Mar. 31, 2029
Dec. 31, 2022
Jun. 30, 2022
Sep. 30, 2021
Debt Instrument [Line Items]              
Restricted cash [1] $ 56,101       $ 70,470    
Other assets [1] 250,487       211,240    
Variable Interest Entity, Primary Beneficiary | Point HEI              
Debt Instrument [Line Items]              
ABS issued, net, At amortized cost             $ 146,000
Variable Interest Entity, Primary Beneficiary | CoreVest              
Debt Instrument [Line Items]              
ABS issued, net, At amortized cost           $ 215,000  
2022 Asset Backed Securities Sold | CoreVest              
Debt Instrument [Line Items]              
Debt instrument, face amount 215,000            
Bridge loan 237,000            
Restricted cash 17,000            
2022 Asset Backed Securities Sold | Variable Interest Entity, Primary Beneficiary | CoreVest              
Debt Instrument [Line Items]              
Debt instrument, face amount 212,000            
Unamortized debt discount $ 3,000            
Asset-backed securities issued              
Debt Instrument [Line Items]              
Contractual maturities of securities (in years) 5 years            
Asset-backed securities issued | CoreVest              
Debt Instrument [Line Items]              
Debt instrument, face amount $ 485,000       $ 485,000    
Bridge loan 288,000            
Restricted cash 29,000            
Total funding capacity $ 250,000            
Reinvestment period 24 months            
Other assets $ 29,000            
Asset-backed securities issued | Variable Interest Entity, Primary Beneficiary | Forecast              
Debt Instrument [Line Items]              
Debt Instrument interest rate (as a percent)   2.00%   2.00%      
Asset-backed securities issued | Variable Interest Entity, Primary Beneficiary | CoreVest              
Debt Instrument [Line Items]              
Debt instrument, face amount 269,000            
Unamortized debt discount $ 1,000            
Debt Instrument interest rate (as a percent) 4.32%            
2021 Asset Backed Securities Sold | CoreVest              
Debt Instrument [Line Items]              
Debt instrument, face amount $ 270,000            
Total funding capacity $ 300,000            
Reinvestment period 30 months            
2021 Asset Backed Securities Sold | Variable Interest Entity, Primary Beneficiary | Forecast              
Debt Instrument [Line Items]              
Debt Instrument interest rate (as a percent)     2.00%        
2021 Asset Backed Securities Sold | Variable Interest Entity, Primary Beneficiary | CoreVest              
Debt Instrument [Line Items]              
ABS issued, net, At amortized cost             $ 270,000
Debt Instrument interest rate (as a percent) 2.34%            
[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.