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Other Investments - Schedule of Other Investments (Details) - USD ($) $ in Thousands | Sep. 30, 2024 | Dec. 31, 2023
--- | --- | ---
Net Investment Income [Line Items] |  |  |
Total Other Investments | [1] | $ 341,637 | $ 343,930
MSRs |  |  |
Net Investment Income [Line Items] |  |  |
Servicing asset, fair value |  | 26,594 | 24,877
Other, at fair value |  |  |
Net Investment Income [Line Items] |  |  |
Other, at fair value |  | 92 | 234
Servicer advance investments, at fair value |  |  |
Net Investment Income [Line Items] |  |  |
Servicing asset, fair value |  | 212,446 | 225,345
Strategic Investments |  |  |
Net Investment Income [Line Items] |  |  |
Strategic investments, at carrying value |  | 66,054 | 53,147
Strategic investments |  | 2,960 | 2,960
Excess MSRs, at fair value |  |  |
Net Investment Income [Line Items] |  |  |
Servicing asset, fair value |  | $ 33,491 | $ 37,367
[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 September 30, 2024 and December 31, 2023, assets of consolidated VIEs totaled $14,312,672 and $10,988,885, respectively. At September 30, 2024 and December 31, 2023, liabilities of consolidated VIEs totaled $13,354,497 and $10,096,308, respectively. See Note 15 for further discussion.

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