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Short-Term Debt - Remaining Maturities of Short Term Debt (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Short-term Debt [Line Items] |  |  |
Short-term debt | [1] | $ 1,251,444 | $ 1,558,222
Within 30 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 35,846 |
31 to 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 183,816 |
Over 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 1,031,782 |
Facilities |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 749,104 | 1,121,395
Facilities | Held-for-sale residential consumer loans |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 470,761 | 796,537
Facilities | Held-for-sale residential consumer loans | Within 30 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 0 |
Facilities | Held-for-sale residential consumer loans | 31 to 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 92,411 |
Facilities | Held-for-sale residential consumer loans | Over 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 378,350 |
Facilities | Residential investor loans |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 31,321 |
Facilities | Residential investor loans | Within 30 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 0 |
Facilities | Residential investor loans | 31 to 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 31,321 |
Facilities | Residential investor loans | Over 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 0 |
Facilities | Real estate securities |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 304,591 |
Facilities | Real estate securities | Within 30 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 35,846 |
Facilities | Real estate securities | 31 to 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 44,811 |
Facilities | Real estate securities | Over 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 223,934 |
Facilities | MSRs |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 46,514 | 47,858
Facilities | MSRs | Within 30 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 0 |
Facilities | MSRs | 31 to 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 0 |
Facilities | MSRs | Over 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 46,514 |
Facilities | HEI |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 119,851 | 122,659
Facilities | HEI | Within 30 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 0 |
Facilities | HEI | 31 to 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 0 |
Facilities | HEI | Over 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 119,851 |
Servicer advance financing |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 147,341 | 153,653
Servicer advance financing | Within 30 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 0 |
Servicer advance financing | 31 to 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 0 |
Servicer advance financing | Over 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 147,341 |
Total Secured Short-Term Debt Facilities |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 1,120,379 |
Total Secured Short-Term Debt Facilities | Within 30 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 35,846 |
Total Secured Short-Term Debt Facilities | 31 to 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 168,543 |
Total Secured Short-Term Debt Facilities | Over 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 915,990 |
Promissory notes |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 15,273 | 16,064
Promissory notes | Within 30 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 0 |
Promissory notes | 31 to 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 15,273 |
Promissory notes | Over 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 0 |
Convertible notes, net |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 115,792 | $ 142,558
Convertible notes, net | Within 30 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 0 |
Convertible notes, net | 31 to 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | 0 |
Convertible notes, net | Over 90 days |  |  |
Short-term Debt [Line Items] |  |  |
Short-term debt |  | $ 115,792 |
[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 March 31, 2024 and December 31, 2023, assets of consolidated VIEs totaled $11,850,461 and $10,988,885, respectively. At March 31, 2024 and December 31, 2023, liabilities of consolidated VIEs totaled $10,921,862 and $10,096,308, respectively. See Note 4 for further discussion.

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