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Principles of Consolidation - Schedule of Assets and Liabilities of Consolidated VIEs (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
USD ($)
Investment
securitization_entity
Dec. 31, 2024
USD ($)
Investment
Mar. 31, 2024
USD ($)
Variable Interest Entity [Line Items]      
Home equity investments [1] $ 600,386 $ 589,785  
Other investments 84,869 [1] 78,123 $ 78,123 [1]
Cash and cash equivalents 259,918 [1] 245,165 [1] 275,394
Accrued interest receivable 127,071 115,832  
Other assets [1] 367,743 415,717  
Total Assets 19,871,775 [1] 18,258,344 [1] $ 15,057,974
Accrued interest payable 81,796 70,988  
Accrued expenses and other liabilities [1] 456,518 313,737  
Asset-backed securities issued [1] 14,458,243 13,270,204  
Total liabilities [1] $ 18,688,281 17,070,481  
Securitization entity | securitization_entity 2    
AFS $ 204,602 211,474  
Residential investor term loans held by CAFL      
Variable Interest Entity [Line Items]      
Fair value of securities owned 327,000 326,000  
At consolidated CAFL Bridge entities      
Variable Interest Entity [Line Items]      
Fair value of securities owned 29,000 29,000  
Freddie Mac SLST      
Variable Interest Entity [Line Items]      
Fair value of securities owned 264,000 242,000  
Consolidated Sequoia Securitizations      
Variable Interest Entity [Line Items]      
Fair value of securities owned 532,000    
AFS 276,000    
Sequoia Re-securitization Trust      
Variable Interest Entity [Line Items]      
AFS 102,000    
VIEs      
Variable Interest Entity [Line Items]      
Total Assets 15,936,091 14,654,942  
Total liabilities 14,825,826 13,620,239  
VIEs | Sequoia Re-securitization Trust      
Variable Interest Entity [Line Items]      
AFS 20,000    
VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Home equity investments 337,981 332,470  
Other investments 262,159 262,353  
Cash and cash equivalents 19,691 13,243  
Restricted cash 51,725 31,036  
Accrued interest receivable 79,219 71,334  
Other assets 42,978 68,176  
Total Assets 15,936,091 14,654,942  
Debt Obligation 161,174 159,031  
Accrued interest payable 57,930 52,141  
Accrued expenses and other liabilities 148,479 138,863  
Asset-backed securities issued 14,458,243 13,270,204  
Total liabilities 14,825,826 13,620,239  
Value of our investments in VIEs $ 1,101,274 $ 1,025,744  
Number of VIEs | Investment 88 84  
Residential consumer loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans $ 11,457,968 $ 10,064,276  
Residential investor loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 3,159,186 3,308,172  
Consolidated Agency multifamily loans | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 423,673 424,597  
Real estate securities | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 101,511 79,285  
Sequoia | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Home equity investments 0 0  
Other investments 0 0  
Cash and cash equivalents 0 0  
Restricted cash 256 248  
Accrued interest receivable 50,578 43,503  
Other assets 0 7  
Total Assets 10,328,763 8,942,597  
Debt Obligation 0 0  
Accrued interest payable 42,907 37,191  
Accrued expenses and other liabilities 1,377 103  
Asset-backed securities issued 9,920,025 8,585,077  
Total liabilities 9,964,309 8,622,371  
Value of our investments in VIEs $ 357,975 $ 313,833  
Number of VIEs | Investment 58 54  
Sequoia | Residential consumer loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans $ 10,176,418 $ 8,819,554  
Sequoia | Residential investor loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0 0  
Sequoia | Consolidated Agency multifamily loans | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0 0  
Sequoia | Real estate securities | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 101,511 79,285  
Residential investor term loans held by CAFL | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Home equity investments 0 0  
Other investments 0 0  
Cash and cash equivalents 0 0  
Restricted cash 42,867 22,385  
Accrued interest receivable 20,839 19,998  
Other assets 36,643 60,859  
Total Assets 3,259,535 3,411,414  
Debt Obligation 0 0  
Accrued interest payable 9,593 9,410  
Accrued expenses and other liabilities 29,400 28,672  
Asset-backed securities issued 2,782,662 2,932,749  
Total liabilities 2,821,655 2,970,831  
Value of our investments in VIEs $ 435,972 $ 438,590  
Number of VIEs | Investment 21 21  
Residential investor term loans held by CAFL | Residential consumer loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans $ 0 $ 0  
Residential investor term loans held by CAFL | Residential investor loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 3,159,186 3,308,172  
Residential investor term loans held by CAFL | Consolidated Agency multifamily loans | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0 0  
Residential investor term loans held by CAFL | Real estate securities | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0    
Freddie Mac SLST | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Home equity investments 0 0  
Other investments 0 0  
Cash and cash equivalents 0 0  
Restricted cash 0 0  
Accrued interest receivable 4,441 4,510  
Other assets 2,356 2,987  
Total Assets 1,288,347 1,252,219  
Debt Obligation 0 0  
Accrued interest payable 3,968 4,062  
Accrued expenses and other liabilities 0 0  
Asset-backed securities issued 1,158,747 1,151,847  
Total liabilities 1,162,715 1,155,909  
Value of our investments in VIEs $ 125,159 $ 95,863  
Number of VIEs | Investment 3 3  
Freddie Mac SLST | Residential consumer loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans $ 1,281,550 $ 1,244,722  
Freddie Mac SLST | Residential investor loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0 0  
Freddie Mac SLST | Consolidated Agency multifamily loans | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0 0  
Freddie Mac SLST | Real estate securities | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0 0  
Freddie Mac K-Series | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Home equity investments 0 0  
Other investments 0 0  
Cash and cash equivalents 0 0  
Restricted cash 0 0  
Accrued interest receivable 1,245 1,245  
Other assets 0 0  
Total Assets 424,918 425,842  
Debt Obligation 0 0  
Accrued interest payable 1,115 1,119  
Accrued expenses and other liabilities 0 0  
Asset-backed securities issued 388,109 389,434  
Total liabilities 389,224 390,553  
Value of our investments in VIEs $ 35,563 $ 35,163  
Number of VIEs | Investment 1 1  
Freddie Mac K-Series | Residential consumer loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans $ 0 $ 0  
Freddie Mac K-Series | Residential investor loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0 0  
Freddie Mac K-Series | Consolidated Agency multifamily loans | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 423,673 424,597  
Freddie Mac K-Series | Real estate securities | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0    
Servicing Investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Home equity investments 0 0  
Other investments 262,159 262,353  
Cash and cash equivalents 19,691 13,243  
Restricted cash 0 0  
Accrued interest receivable 2,116 2,078  
Other assets 3,511 3,870  
Total Assets 287,477 281,544  
Debt Obligation 161,174 159,031  
Accrued interest payable 347 359  
Accrued expenses and other liabilities 29,572 27,167  
Asset-backed securities issued 0 0  
Total liabilities 191,093 186,557  
Value of our investments in VIEs $ 96,384 $ 94,987  
Number of VIEs | Investment 3 3  
Servicing Investment | Residential consumer loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans $ 0 $ 0  
Servicing Investment | Residential investor loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0 0  
Servicing Investment | Consolidated Agency multifamily loans | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0 0  
Servicing Investment | Real estate securities | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0 0  
HEI | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Home equity investments 337,981 332,470  
Other investments 0 0  
Cash and cash equivalents 0 0  
Restricted cash 8,602 8,403  
Accrued interest receivable 0 0  
Other assets 468 453  
Total Assets 347,051 341,326  
Debt Obligation 0 0  
Accrued interest payable 0 0  
Accrued expenses and other liabilities 88,130 82,921  
Asset-backed securities issued 208,700 211,097  
Total liabilities 296,830 294,018  
Value of our investments in VIEs $ 50,221 $ 47,308  
Number of VIEs | Investment 2 2  
Fair value of securities owned $ 29,000    
HEI | Residential consumer loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0 $ 0  
HEI | Residential investor loans, held-for-investment | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0 0  
HEI | Consolidated Agency multifamily loans | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans 0 $ 0  
HEI | Real estate securities | VIEs | Collateralized Financing Entities      
Variable Interest Entity [Line Items]      
Fair value of loans $ 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 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.