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Asset-Backed Securities Issued - Narrative (Details) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 9 Months Ended
May 31, 2040
Nov. 30, 2031
Aug. 31, 2027
Apr. 30, 2027
Jan. 31, 2027
Apr. 30, 2025
Feb. 28, 2025
Sep. 30, 2025
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
 [2]
Debt Instrument [Line Items]                      
AFS               $ 284,372 $ 284,372 $ 211,474  
Carrying value of collateral               4,447,941 4,447,941 3,701,592  
Principal Amount               4,373,768 4,373,768 3,482,175  
Restricted cash               103,868 [1],[2] 103,868 [1],[2] 67,762 [1] $ 72,294
Other assets [1]               398,488 398,488 415,717  
Sequoia Re-securitization Trust                      
Debt Instrument [Line Items]                      
AFS               $ 187,000 $ 187,000 $ 79,000  
VIEs                      
Debt Instrument [Line Items]                      
VIE, ownership interest rate (as a percent)                 80.00%    
VIEs | Sequoia Re-securitization Trust                      
Debt Instrument [Line Items]                      
Debt instrument, interest rate (as a percent)               8.50% 8.50%    
Debt instrument repaid                 $ 190,000    
Asset-backed securities issued | CoreVest                      
Debt Instrument [Line Items]                      
Principal Amount               $ 284,000 284,000    
Bridge loan               280,000 280,000    
Restricted cash               16,000 16,000    
Other assets               20,000 20,000    
Securitized asset backed securities, borrowing capacity               $ 300,000 $ 300,000    
Re-investment transaction period                 24 months    
Asset-backed securities issued | VIEs                      
Debt Instrument [Line Items]                      
Contractual maturities of ABS (in years)                 5 years    
Asset-backed securities issued | VIEs | CoreVest                      
Debt Instrument [Line Items]                      
Debt instrument, interest rate (as a percent)               6.20% 6.20%    
Principal Amount               $ 285,000 $ 285,000    
Asset-backed securities issued | VIEs | Forecast                      
Debt Instrument [Line Items]                      
Increase in interest rate (as a percent) 1.00% 1.50%                  
Sequoia securities | VIEs                      
Debt Instrument [Line Items]                      
ABS issued, at amortized cost             $ 100,000        
Debt instrument, interest rate (as a percent)             8.50%        
Sequoia securities | VIEs | Q3 Subordinate Securities Transfer                      
Debt Instrument [Line Items]                      
ABS issued, at amortized cost               $ 250,000      
Debt instrument, interest rate (as a percent)               6.40% 6.40%    
VIE, ownership interest rate (as a percent)             100.00%        
Carrying value of collateral               $ 155,000 $ 155,000    
Sequoia securities | VIEs | Q2 2025 Subordinate Securities Transfer                      
Debt Instrument [Line Items]                      
ABS issued, at amortized cost           $ 109,000          
Debt instrument, interest rate (as a percent)           8.00%          
VIE, ownership interest rate (as a percent)             100.00%        
Sequoia securities | VIEs | Forecast                      
Debt Instrument [Line Items]                      
Increase in interest rate (as a percent)         11.50%            
Sequoia securities | VIEs | Forecast | Q3 Subordinate Securities Transfer                      
Debt Instrument [Line Items]                      
Increase in interest rate (as a percent)     3.00%                
Sequoia securities | VIEs | Forecast | Q2 2025 Subordinate Securities Transfer                      
Debt Instrument [Line Items]                      
Increase in interest rate (as a percent)       11.00%              
Other | VIEs | Sequoia Re-securitization Trust | Q3 Subordinate Securities Transfer                      
Debt Instrument [Line Items]                      
AFS               166,000 166,000    
Other | VIEs | Sequoia Re-securitization Trust | Q2 2025 Subordinate Securities Transfer                      
Debt Instrument [Line Items]                      
AFS               2,000 2,000    
Sequoia Securitization Trusts | VIEs | Q2 2025 Subordinate Securities Transfer                      
Debt Instrument [Line Items]                      
Carrying value of collateral               147,000 147,000    
Sequoia Securitization Trusts | VIEs | Sequoia securities                      
Debt Instrument [Line Items]                      
Carrying value of collateral               85,000 85,000    
Sequoia Securities Owned From Trust | VIEs | Sequoia Re-securitization Trust                      
Debt Instrument [Line Items]                      
AFS               $ 20,000 $ 20,000    
[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 September 30, 2025 and December 31, 2024, assets of consolidated VIEs totaled $18,284,133 and $14,654,942, respectively. At September 30, 2025 and December 31, 2024, liabilities of consolidated VIEs totaled $17,164,811 and $13,620,239, respectively. See Note 16 for further discussion.
[2] Restricted cash primarily includes cash held at our consolidated Servicing Investment entities, and cash associated with our risk-sharing transactions, as well as cash collateral for certain consolidated securitization entities.