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Commitments and Contingencies - Additional Information (Details)
 3 Months Ended 12 Months Ended
Mar. 31, 2024
USD ($)
tranche
lease
repurchase_request
Jul. 01, 2022
USD ($)
Mar. 31, 2024
USD ($)
repurchase_request
loan
lease
tranche
provision
Jun. 30, 2023
USD ($)
Mar. 31, 2023
USD ($)
repurchase_request
loan
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2018
partnership
Dec. 31, 2023
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Loss Contingencies [Line Items]                      
Lessee, number of leases | lease 9   9                
Present value of remaining lease payments $ 15,188,000   $ 15,188,000                
Operating lease expense     $ 1,000,000   $ 1,000,000            
Lessee, number of office leases | lease 0   0                
Lease term 1 year   1 year                
Operating lease liabilities $ 13,659,000   $ 13,659,000           $ 14,725,000    
Operating lease liability, statement of financial position [Extensible List] Accounts Payable and Accrued Liabilities   Accounts Payable and Accrued Liabilities                
Operating lease right-of-use assets $ 11,539,000   $ 11,539,000           12,532,000    
Operating lease right-of-use asset, statement of financial position [Extensible List] 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] $ 5,849,000   $ 5,849,000           33,828,000    
Gain (loss) on market valuation adjustments     44,020,000   11,270,000            
Number of partnerships, committed to fund | partnership               2      
Other income related to risk sharing agreement     169,000   159,000            
Guarantee obligations 5,650,000   5,650,000           5,781,000    
Guarantee obligations, credit reserve 5,000,000   5,000,000                
Special purpose entities assets 28,000,000   28,000,000           28,000,000    
Special purpose entities liabilities 6,000,000   6,000,000           6,000,000    
Residential repurchase reserve 4,878,000   4,878,000           4,700,000    
Residential loans repurchase (reversal) provision     200,000   $ 0            
Residential Consumer Loans                      
Loss Contingencies [Line Items]                      
Unpaid principal balance 508,708,000   508,708,000           916,877,000    
Fair value of loans 511,706,000   511,706,000           911,192,000    
Total Residential Investor Loans                      
Loss Contingencies [Line Items]                      
Residential repurchase reserve $ 10,000.00   $ 10,000.00           0    
Number of residential repurchase requests (in repurchase requests) | repurchase_request     9   4            
Number of loans repurchased | loan     0   11            
Number of loans recorded | provision     1                
Number of repurchase requests outstanding | repurchase_request 2   2                
Maximum                      
Loss Contingencies [Line Items]                      
Loss from arrangements     $ 100,000                
Guarantee Obligations                      
Loss Contingencies [Line Items]                      
Potential future payments on loans $ 44,000,000   44,000,000                
Original unpaid balance of loans subject to risk sharing agreements                   $ 3,190,000,000 $ 3,190,000,000
Unpaid principal balance $ 388,000,000   $ 388,000,000                
Weighted average original FICO score 761   761                
Weighted average original loan-to-value (LTV) 74.00%   74.00%                
Guarantee Obligations | Residential Consumer Loans                      
Loss Contingencies [Line Items]                      
Number of loans in foreclosure | tranche 5   5                
Unpaid principal balance of loans 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 8,000,000   8,000,000                
Repurchase Reserves                      
Loss Contingencies [Line Items]                      
Residential repurchase reserve 5,000,000   $ 5,000,000           $ 5,000,000    
Number of residential repurchase requests (in repurchase requests) | repurchase_request     1   1            
Number of loans repurchased | loan     1   5            
Riverbend Funding, LLC                      
Loss Contingencies [Line Items]                      
Earnout period   2 years                  
Potential future payments on loans   $ 25,000,000                  
Contingent liability 0   $ 0                
CPP Joint Venture, Residential Investor Bridge and Term Loans                      
Loss Contingencies [Line Items]                      
Amount committed     100,000,000                
Capital contribution 0                    
CPP Joint Venture, Residential Investor Bridge and Term Loans | Redwood Trust Inc. And Canadian Pension Plan Investment Board                      
Loss Contingencies [Line Items]                      
Amount committed     500,000,000                
CPP Joint Venture, Residential Investor Bridge and Term Loans | CPP Investments                      
Loss Contingencies [Line Items]                      
Amount committed     400,000,000                
Oaktree Joint Venture, Residential Investor Bridge and Term Loans                      
Loss Contingencies [Line Items]                      
Capital contribution 4,000,000     $ 19,000,000              
Commitment To Fund Residential Investor Bridge Loan                      
Loss Contingencies [Line Items]                      
Commitment to fund loan 513,000,000   513,000,000                
Derivative liabilities 1,000,000   1,000,000                
Gain (loss) on market valuation adjustments     (1,000,000)                
Commitment To Fund Strategic Investment                      
Loss Contingencies [Line Items]                      
Commitment to fund loan 16,000,000   16,000,000                
Payments for other commitments           $ 25,000,000          
Commitment To Fund RWT Horizons Investments                      
Loss Contingencies [Line Items]                      
Commitment to fund loan $ 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 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.