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Home Equity Investments (HEI) - Schedule of Home Equity Investments (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
USD ($)
transaction
Dec. 31, 2023
USD ($)
Equity Method Investments and Joint Ventures [Abstract]    
Number of securitization transactions co-sponsored | transaction 2  
Schedule of Equity Method Investments [Line Items]    
Home equity investments [1] $ 590,080 $ 550,436
Redwood    
Schedule of Equity Method Investments [Line Items]    
Home equity investments 255,521 244,719
HEI held at consolidated HEI securitization entities    
Schedule of Equity Method Investments [Line Items]    
Home equity investments $ 334,559 $ 305,717
[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.