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Asset-Backed Securities Issued - Schedule of Asset-Backed Securities Issued (Details)
$ in Thousands
 1 Months Ended 3 Months Ended
Nov. 30, 2031
Mar. 31, 2025
USD ($)
series
Dec. 31, 2024
USD ($)
series
Debt Instrument [Line Items]      
Carrying Value [1]   $ 14,458,243 $ 13,270,204
VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Carrying Value   14,458,243 13,270,204
Total ABS Issued | Debt Instrument, Redemption, Period One | CoreVest      
Debt Instrument [Line Items]      
Securitized asset backed securities, borrowing capacity   $ 300,000  
Re-investment transaction period   24 months  
Total ABS Issued | VIEs | Forecast | Debt Instrument, Redemption, Period One      
Debt Instrument [Line Items]      
Increase in interest rate (as a percent) 1.50%    
Total ABS Issued | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Unpaid Principal Balance   $ 15,114,923 14,047,261
Carrying Value   14,458,243 13,270,204
ABS Issued at Fair Value | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Unpaid Principal Balance   14,782,451 13,654,309
Carrying Value   14,127,674 12,879,530
Sequoia | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Unpaid Principal Balance   10,467,540 9,220,157
Carrying Value   $ 9,920,025 $ 8,585,077
Number of Series | series   58 54
Sequoia | Minimum | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Weighted Average Interest Rate   2.66% 2.66%
Sequoia | Maximum | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Weighted Average Interest Rate   8.54% 8.52%
CAFL | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Unpaid Principal Balance   $ 2,654,806 $ 2,752,657
Carrying Value   $ 2,590,702 $ 2,687,977
Number of Series | series   19 19
CAFL | Minimum | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Weighted Average Interest Rate   2.78% 2.76%
CAFL | Maximum | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Weighted Average Interest Rate   7.89% 7.89%
Freddie Mac SLST | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Unpaid Principal Balance   $ 1,059,336 $ 1,075,249
Carrying Value   $ 1,020,138 $ 1,005,945
Weighted Average Interest Rate   3.50% 3.50%
Number of Series | series   2 2
Freddie Mac K-Series | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Unpaid Principal Balance   $ 391,468 $ 393,762
Carrying Value   $ 388,109 $ 389,434
Weighted Average Interest Rate   3.42% 3.41%
Number of Series | series   1 1
HEI | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Unpaid Principal Balance   $ 209,301 $ 212,484
Carrying Value   $ 208,700 $ 211,097
Number of Series | series   2 2
HEI | Minimum | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Weighted Average Interest Rate   4.00% 3.96%
HEI | Maximum | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Weighted Average Interest Rate   6.71% 6.71%
ABS Issued at Amortized Cost | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Unpaid Principal Balance   $ 332,472 $ 392,952
Carrying Value   330,569 390,674
CAFL | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Unpaid Principal Balance   191,960 244,772
Carrying Value   $ 191,960 $ 244,772
Number of Series | series   2 2
CAFL | Minimum | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Weighted Average Interest Rate   2.31% 2.31%
CAFL | Maximum | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Weighted Average Interest Rate   4.42% 4.38%
Freddie Mac SLST | VIEs | Collateralized Financing Entities      
Debt Instrument [Line Items]      
Unpaid Principal Balance   $ 140,512 $ 148,180
Carrying Value   $ 138,609 $ 145,902
Weighted Average Interest Rate   7.50% 7.50%
Number of Series | series   1 1
[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, 2025 and December 31, 2024, assets of consolidated VIEs totaled $15,936,091 and $14,654,942, respectively. At March 31, 2025 and December 31, 2024, liabilities of consolidated VIEs totaled $14,825,826 and $13,620,239, respectively. See Note 16 for further discussion.