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Servicing Investments - Schedule of Components of Servicing Investments (Details) - USD ($) $ in Thousands		Mar. 31, 2025	Dec. 31, 2024
Net Investment Income [Line Items]
Mortgage servicing rights	[1]	$ 298,290	$ 297,683
Servicer advance investments, at fair value
Net Investment Income [Line Items]
Mortgage servicing rights		234,423	233,820
Excess MSRs, at fair value
Net Investment Income [Line Items]
Mortgage servicing rights		31,084	32,274
MSRs
Net Investment Income [Line Items]
Mortgage servicing rights		$ 32,783	$ 31,589
[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.

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+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
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-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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