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Offsetting Assets and Liabilities (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet [1] $ 78,933 $ 14,212
Liabilities    
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet [1] (7,977) (33,828)
Total Liabilities    
Gross Amounts of Recognized Assets (Liabilities) (683,223) (502,314)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (683,223) (502,314)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 682,960 472,852
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 263 28,878
Net Amount 0 (584)
Interest rate agreements    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 70,151 1,742
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 70,151 1,742
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 0 0
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged (70,151) 0
Net Amount 0 1,742
TBAs    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 195 952
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 195 952
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 0 (952)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged (195) 0
Net Amount 0 0
Liabilities    
Gross Amounts of Recognized Assets (Liabilities)   (27,020)
Gross Amounts Offset in Consolidated Balance Sheet   0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet   (27,020)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments   952
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged   25,484
Net Amount   (584)
Futures    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 5,622  
Gross Amounts Offset in Consolidated Balance Sheet 0  
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 5,622  
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments (3,880)  
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 0  
Net Amount 1,742  
Liabilities    
Gross Amounts of Recognized Assets (Liabilities) (4,143) (3,394)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (4,143) (3,394)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 3,880 0
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 263 3,394
Net Amount 0 0
Interest Rate Agreement, TBAs, and Futures    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 75,968 2,694
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 75,968 2,694
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments (3,880) (952)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged (70,346) 0
Net Amount 1,742 1,742
Loan warehouse debt    
Loan warehouse debt and Security repurchase agreement    
Gross Amounts of Recognized Assets (Liabilities) (679,080) (471,900)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (679,080) (471,900)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 679,080 471,900
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 0 0
Net Amount $ 0 $ 0
[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.