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Asset-Backed Securities Issued - Narrative (Details)
$ in Thousands
 1 Months Ended 3 Months Ended 12 Months Ended
Nov. 30, 2031
Dec. 31, 2030
Jul. 31, 2026
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2053
Dec. 31, 2024
USD ($)
entity
Sep. 30, 2024
Dec. 31, 2022
USD ($)
Debt Instrument [Line Items]                  
Debt instrument, face amount       $ 3,482,175 $ 3,249,158   $ 3,482,175    
Restricted cash       67,762 [1] 75,684 [1]   67,762 [1]   $ 70,000
Other assets [1]       415,717 379,571   415,717    
Total Fair Value       211,474 87,373   211,474    
Carrying Value of Collateral       3,701,592 3,405,564   $ 3,701,592    
Number of VIE's loans transferred from | entity             2    
Sequoia Re-securitization Trust                  
Debt Instrument [Line Items]                  
Total Fair Value       79,000     $ 79,000    
Variable Interest Entity, Primary Beneficiary                  
Debt Instrument [Line Items]                  
VIE, ownership interest rate (as a percent)             80.00%    
Variable Interest Entity, Primary Beneficiary | Point HEI | Redemption, Period Three                  
Debt Instrument [Line Items]                  
Principal balance         139,000        
CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, Period One                  
Debt Instrument [Line Items]                  
Loans       300,000     $ 300,000    
Other assets       297,000     297,000    
Beneficial interest liability       3,000     3,000    
CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, Period Two                  
Debt Instrument [Line Items]                  
Principal balance         231,000        
CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, Period Four                  
Debt Instrument [Line Items]                  
Principal balance         $ 184,000        
VIE, ownership interest rate (as a percent)         100.00%        
Asset-Backed Securities | Variable Interest Entity, Primary Beneficiary | Forecast | Redemption, Period One                  
Debt Instrument [Line Items]                  
Increase in interest rate (as a percent) 1.50%                
Asset-Backed Securities | Variable Interest Entity, Primary Beneficiary | Forecast | Redemption, Period Two                  
Debt Instrument [Line Items]                  
Increase in interest rate (as a percent)   1.50%              
Asset-Backed Securities | Variable Interest Entity, Primary Beneficiary | Forecast | Redemption, Period Three                  
Debt Instrument [Line Items]                  
Increase in interest rate (as a percent)           3.00%      
Asset-Backed Securities | CoreVest | Redemption, Period One                  
Debt Instrument [Line Items]                  
Debt instrument, face amount       285,000     285,000    
Bridge loan       293,000     293,000    
Restricted cash       11,000     11,000    
Other assets       6,000     6,000    
Securitized asset backed securities, borrowing capacity       300,000     $ 300,000    
Re-investment transaction period             24 months    
Asset-Backed Securities | CoreVest | Redemption, Period Two                  
Debt Instrument [Line Items]                  
Debt instrument, face amount       231,000     $ 231,000    
Bridge loan       229,000     229,000    
Restricted cash       4,000     4,000    
Other assets       25,000     25,000    
Securitized asset backed securities, borrowing capacity       250,000     $ 250,000    
Re-investment transaction period             24 months    
Asset-Backed Securities | CoreVest | Redemption, Period Four                  
Debt Instrument [Line Items]                  
Debt instrument, face amount       148,000     $ 148,000    
Asset-Backed Securities | CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, Period One                  
Debt Instrument [Line Items]                  
Debt instrument, face amount       $ 286,000     $ 286,000    
Debt instrument, interest rate (as a percent)       7.13%     7.13%    
Asset-Backed Securities | CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, Period Two                  
Debt Instrument [Line Items]                  
Debt instrument, face amount       $ 234,000     $ 234,000    
Debt instrument, interest rate (as a percent)       7.89%     7.89%    
Asset-Backed Securities | CoreVest | Variable Interest Entity, Primary Beneficiary | Redemption, Period Four                  
Debt Instrument [Line Items]                  
Debt instrument, interest rate (as a percent)       7.50%     7.50%    
Debt discount       $ 2,000     $ 2,000    
Long-term debt       $ 146,000     $ 146,000    
Interest rate if no redemption right exercised       10.50%     10.50%    
Sequoia securities | Variable Interest Entity, Primary Beneficiary                  
Debt Instrument [Line Items]                  
Debt instrument, interest rate (as a percent)               8.50%  
Principal balance       $ 205,000          
VIE, ownership interest rate (as a percent)       100.00%          
Sequoia securities | Variable Interest Entity, Primary Beneficiary | Forecast                  
Debt Instrument [Line Items]                  
Increase in interest rate (as a percent)     3.00%            
Sequoia Securitization Trusts | Variable Interest Entity, Primary Beneficiary                  
Debt Instrument [Line Items]                  
Carrying Value of Collateral       $ 148,000     $ 148,000    
Contractual Maturities of Over Five Years | Asset-Backed Securities                  
Debt Instrument [Line Items]                  
Contractual maturities of ABS (in years)             5 years    
[1] Our consolidated balance sheets include assets of 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 December 31, 2024 and 2023, assets of consolidated VIEs totaled $14,654,942 and $10,988,885, respectively. At December 31, 2024 and 2023, liabilities of consolidated VIEs totaled $13,620,239 and $10,096,308, respectively. See Note 15 for further discussion.