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Home Equity Investments (HEI) - HEI Characteristics (Details) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2024 USD ($) Contract | Mar. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) Contract
Schedule of Equity Method Investments [Line Items] |  |  |
Total HEI income, net | $ 9,031 | $ 4,265 |
Interest expense | 180,530 | 152,079 |
HEI at Redwood |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Total HEI income, net | 6,143 | 3,840 |
Securitized HEI |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Total HEI income, net | 15,424 | 1,068 |
ABS Issued From HEI Securitization |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Total HEI income, net | (7,409) | 126 |
Interest expense | 3,000 | 1,000 |
Non-controlling In HEI Securitizations |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Total HEI income, net | $ (5,127) | $ (769) |
HEI at Redwood |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Number of HEI contracts | Contract | 1,992 |  | 2,034
Average initial amount of contract | $ 105 |  | $ 105
Securitized HEI |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |
Number of HEI contracts | Contract | 2,370 |  | 2,434
Average initial amount of contract | $ 95 |  | $ 96

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