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Short-Term Debt - Schedule of Remaining Maturities of Short Term Debt (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Short-term Debt [Line Items] |  |  |
Short-term debt, net | [1] | $ 1,558,222 | $ 2,029,679
Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 1,121,395 | 1,620,096
Servicer advance financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 153,653 | 206,510
Total Secured Short-Term Debt Facilities |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 1,399,600 |
Promissory notes |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 16,064 | 27,058
Convertible notes, net |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 142,558 | 176,015
Residential loan warehouse | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 796,537 | 703,406
Business purpose loans | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 71,719 |
Real estate securities | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 207,174 |
Residential MSR warehouse | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 47,858 |
HEI warehouse | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 122,659 | $ 111,681
Within 30 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 53,963 |
Within 30 days | Servicer advance financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 0 |
Within 30 days | Total Secured Short-Term Debt Facilities |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 53,963 |
Within 30 days | Promissory notes |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 0 |
Within 30 days | Convertible notes, net |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 0 |
Within 30 days | Residential loan warehouse | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 0 |
Within 30 days | Business purpose loans | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 0 |
Within 30 days | Real estate securities | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 53,963 |
Within 30 days | Residential MSR warehouse | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 0 |
Within 30 days | HEI warehouse | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 0 |
31 to 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 221,225 |
31 to 90 days | Servicer advance financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 0 |
31 to 90 days | Total Secured Short-Term Debt Facilities |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 205,161 |
31 to 90 days | Promissory notes |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 16,064 |
31 to 90 days | Convertible notes, net |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 0 |
31 to 90 days | Residential loan warehouse | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 176,502 |
31 to 90 days | Business purpose loans | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 0 |
31 to 90 days | Real estate securities | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 28,659 |
31 to 90 days | Residential MSR warehouse | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 0 |
31 to 90 days | HEI warehouse | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 0 |
Over 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 1,283,034 |
Over 90 days | Servicer advance financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 153,653 |
Over 90 days | Total Secured Short-Term Debt Facilities |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 1,140,476 |
Over 90 days | Promissory notes |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 0 |
Over 90 days | Convertible notes, net |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 142,558 |
Over 90 days | Residential loan warehouse | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 620,035 |
Over 90 days | Business purpose loans | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 71,719 |
Over 90 days | Real estate securities | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 124,552 |
Over 90 days | Residential MSR warehouse | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | 47,858 |
Over 90 days | HEI warehouse | Non-Recourse BPL Financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt, net |  | $ 122,659 |
[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 December 31, 2023 and 2022, assets of consolidated VIEs totaled $10,988,885 and $9,257,291, respectively. At December 31, 2023 and 2022, liabilities of consolidated VIEs totaled $10,096,308 and $8,270,276, respectively. See Note 4 for further discussion.

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