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Commitments and Contingencies (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
lease
Sep. 30, 2025
USD ($)
lease
Mar. 31, 2024
USD ($)
Jun. 30, 2023
USD ($)
Sep. 30, 2025
USD ($)
lease
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Loss Contingencies [Line Items]              
Lessee, number of leases | lease 9 9     9    
Present value of remaining lease payments $ 13,000 $ 13,000     $ 13,000    
Operating lease expense         $ 3,000 $ 4,000  
Lessee, number of office leases | lease 3 3     3    
Operating lease liabilities $ 11,600 $ 11,600     $ 11,600   $ 11,028
Operating lease liability, statement of financial position [Extensible List] Accounts Payable and Accrued Liabilities Accounts Payable and Accrued Liabilities     Accounts Payable and Accrued Liabilities    
Operating lease right-of-use assets $ 9,736 $ 9,736     $ 9,736   $ 9,167
Operating lease right-of-use asset, statement of financial position [Extensible List] Other assets Other assets     Other assets   Other assets
Derivative liabilities [1] $ 57,047 $ 57,047     $ 57,047   $ 23,660
Gain (loss) on market valuation adjustments         $ (8,406) $ 103,936  
Minimum              
Loss Contingencies [Line Items]              
Term of lease, not yet commenced 1 year 1 year     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]              
Funding commitment $ 261,000 $ 261,000     261,000    
Derivative liabilities 100 100     100    
Gain (loss) on market valuation adjustments   400     800    
Commitment To Fund Residential Investor Bridge Loan | Corporate Joint Venture              
Loss Contingencies [Line Items]              
Funding commitment 84,000 84,000     84,000    
Commitment To Fund Residential Bridge Loan              
Loss Contingencies [Line Items]              
Funding commitment 35,000 35,000     35,000    
Payments for other commitments 10,000            
Additional funding commitments $ 25,000 $ 25,000     $ 25,000    
[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.