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Commitments and Contingencies (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
lease
Mar. 31, 2024
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2024
USD ($)
Loss Contingencies [Line Items]        
Lessee, number of leases | lease 9      
Present value of remaining lease payments $ 15,000      
Operating lease expense $ 1,000 $ 1,000    
Lessee, number of office leases | lease 2      
Operating lease liabilities $ 13,069     $ 11,028
Operating lease liability, statement of financial position [Extensible List] Accounts Payable and Accrued Liabilities      
Operating lease right-of-use assets $ 11,183     9,167
Operating lease right-of-use asset, statement of financial position [Extensible List] Other assets      
Derivative liabilities, at fair value [1] $ 12,835     $ 23,660
Gain (loss) on market valuation adjustments $ 33,153 44,020    
Minimum        
Loss Contingencies [Line Items]        
Term of lease, not yet commenced 1 year      
CPP Joint Venture, Residential Investor Bridge and Term Loans        
Loss Contingencies [Line Items]        
Amount committed   $ 100,000    
Capital contribution $ 25,000      
Oaktree Joint Venture, Residential Investor Bridge and Term Loans        
Loss Contingencies [Line Items]        
Amount committed     $ 19,000  
Capital contribution 5,000      
Commitment To Fund Residential Investor Bridge Loan        
Loss Contingencies [Line Items]        
Commitment to fund loan 350,000      
Derivative liabilities, at fair value 1,000      
Gain (loss) on market valuation adjustments $ 400      
[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.