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Commitments and Contingencies - Additional Information (Details)
 3 Months Ended 12 Months Ended
Dec. 31, 2023
USD ($)
lease
tranche
loan
Jul. 01, 2022
USD ($)
Jun. 30, 2023
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2023
USD ($)
loan
repurchase_request
lease
tranche
Dec. 31, 2022
USD ($)
repurchase_request
loan
Dec. 31, 2021
USD ($)
loan
Dec. 31, 2018
partnership
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Loss Contingencies [Line Items]                    
Lessee, number of leases | lease 10       10          
Present value of remaining lease payments $ 16,442,000       $ 16,442,000          
Operating lease expense         5,000,000 $ 5,000,000 $ 4,000,000      
Unamortized leasehold improvements $ 2,000,000       2,000,000          
Leasehold amortization expense         $ 500,000 500,000 500,000      
Lessee, number of office leases | lease 2       2          
Operating lease liabilities $ 14,725,000       $ 14,725,000 $ 18,563,000        
Operating Lease, Liability, Statement of Financial Position [Extensible List] Accounts Payable and Accrued Liabilities       Accounts Payable and Accrued Liabilities Accounts Payable and Accrued Liabilities        
Operating lease right-of-use assets $ 12,532,000       $ 12,532,000 $ 16,177,000        
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other assets       Other assets Other assets        
Weighted average remaining lease term 4 years       4 years          
Discount rate (as a percent) 5.30%       5.30%          
Derivative liabilities [1] $ 33,828,000       $ 33,828,000 $ 16,855,000        
Net market valuation adjustments         35,814,000 (227,186,000) 321,433,000      
Number of partnerships, committed to fund | partnership               2    
Risk share income         716,000 1,289,000 $ 2,815,000      
Guarantee obligations 5,781,000       5,781,000 6,344,000        
Guarantee obligation, credit reserve 5,000,000       5,000,000          
SPE, assets 28,000,000       28,000,000 30,000,000        
SPE, liabilities 6,000,000       6,000,000 6,000,000        
Repurchase reserve 5,000,000       $ 5,000,000 $ 6,000,000        
Residential loans repurchase requests | repurchase_request         1 14        
Residential loans, number of loans repurchased | loan         5 1 2      
Residential loans repurchase (reversal) provision         $ 1,000,000 $ (3,000,000) $ 1,000,000      
Mortgage loans on real estate, loans repurchased         77,000 43,000 200,000      
Loan repurchase reserves 4,700,000       4,700,000 7,051,000        
BPL Bridge Loans                    
Loss Contingencies [Line Items]                    
Payments to acquire equity method investment 3,000,000   $ 17,000,000              
Residential Loans                    
Loss Contingencies [Line Items]                    
Unpaid principal balance 916,877,000       916,877,000 822,063,000        
Fair value of loans $ 911,192,000       $ 911,192,000 $ 780,781,000        
Number of loans in foreclosure | loan 0       0 0        
Business Purpose Loans                    
Loss Contingencies [Line Items]                    
Residential loans repurchase requests | repurchase_request         15 8        
Residential loans, number of loans repurchased | loan         12 0        
Residential loans repurchase (reversal) provision         $ 0 $ 1,000,000        
Loan repurchase reserves $ 0       0 1,000,000        
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential Loans                    
Loss Contingencies [Line Items]                    
Fair value of loans 0       0 208,000        
Maximum                    
Loss Contingencies [Line Items]                    
Loss in period         100,000          
Guarantee Obligations                    
Loss Contingencies [Line Items]                    
Original principal balance of loans sold subject to risk sharing agreement                 $ 3,190,000,000 $ 3,190,000,000
Potential future payments on risk sharing agreements 44,000,000       44,000,000          
Unpaid principal balance $ 397,000,000       $ 397,000,000          
FICO credit score 761       761          
Loan to value ratio 74.00%       74.00%          
Guarantee Obligations | Residential Loans                    
Loss Contingencies [Line Items]                    
Number of loans in foreclosure | tranche 5       5          
Loans held as assets amount 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 7,000,000       7,000,000          
Riverbend                    
Loss Contingencies [Line Items]                    
Earnout period   2 years                
Potential future payments on loans   $ 25,300,000                
Contingent consideration 0       0          
Commitment To Fund Residential Bridge Loan                    
Loss Contingencies [Line Items]                    
Other commitment 542,000,000       542,000,000          
Derivative liabilities 1,000,000       1,000,000 2,000,000        
Net market valuation adjustments         1,000,000 $ (500,000)        
Commitment To Fund Strategic Investment                    
Loss Contingencies [Line Items]                    
Other commitment 16,000,000       16,000,000          
Payments for other commitments       $ 25,000,000            
Commitment To Fund RWT Horizons Investments                    
Loss Contingencies [Line Items]                    
Other commitment $ 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 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.