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Segment Information - Schedule of Business Segment Financial Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
 [1]
Segment Reporting Information [Line Items]          
Interest income $ 299,531 $ 248,643 $ 855,961 $ 678,800  
Interest expense (284,537) (223,145) (799,191) (603,799)  
Net Interest Income 14,994 25,498 56,770 75,001  
Non-Interest Income          
Mortgage banking activities, net, excluding risk management derivatives 42,540 4,967 50,473 45,235  
Risk management derivatives (losses) gains, net (2,408) 34,602 63,569 27,814  
Total Mortgage banking activities, net 40,132 39,569 114,042 73,049  
Investment fair value changes, net (6,971) (12,202) (96,863) 10,733  
HEI income (loss), net 454 10,727 (2,279) 35,696  
Servicing income, net 1,416 251 6,431 8,025  
Fee income (loss), net 4,579 4,788 9,139 7,452  
Other income (loss), net (183) 880 1,719 1,142  
Realized gains, net (48) 211 1,159 620  
Total non-interest income, net 39,379 44,224 33,348 136,717  
General and administrative expenses (38,707) (36,008) (113,161) (103,861)  
Portfolio management costs (6,981) (6,356) (23,500) (14,817)  
Loan acquisition costs (4,355) (3,176) (12,704) (9,077)  
Other expenses (5,681) (2,228) (13,625) (10,766)  
(Provision for) benefit from income taxes (6,353) (7,128) (17,177) (12,575)  
Net Income (Loss) (7,704) 14,826 (90,049) 60,622  
Total Assets 22,600,766 [1] 18,427,426 22,600,766 [1] 18,427,426 $ 18,258,344
Investment fair value changes, net, excluding risk management derivatives          
Non-Interest Income          
Investment fair value changes, net (5,061) (3,051) (132,574) 10,474  
Risk management derivatives gains (losses), net          
Non-Interest Income          
Investment fair value changes, net (1,910) (9,151) 35,711 259  
Sequoia Mortgage Banking          
Non-Interest Income          
Total Mortgage banking activities, net 28,719 26,715 75,266 40,787  
CoreVest Mortgage Banking          
Non-Interest Income          
Total Mortgage banking activities, net 11,413 12,854 38,776 32,262  
Operating Segments | Sequoia Mortgage Banking          
Segment Reporting Information [Line Items]          
Interest income 47,890 26,318 116,594 61,728  
Interest expense (26,657) (16,770) (61,498) (34,958)  
Net Interest Income 21,233 9,548 55,096 26,770  
Non-Interest Income          
Mortgage banking activities, net, excluding risk management derivatives 31,145 (7,336) 9,877 15,666  
Risk management derivatives (losses) gains, net (2,426) 34,051 65,389 25,121  
Total Mortgage banking activities, net 28,719 26,715 75,266 40,787  
Investment fair value changes, net 0 0 0 0  
HEI income (loss), net 0 0 0 0  
Servicing income, net 0 0 0 0  
Fee income (loss), net 0 0 0 0  
Other income (loss), net 0 0 0 0  
Realized gains, net 0 0 0 0  
Total non-interest income, net 28,719 26,715 75,266 40,787  
General and administrative expenses (7,774) (5,240) (21,325) (14,986)  
Portfolio management costs 0 0 0 0  
Loan acquisition costs (2,395) (1,291) (4,733) (2,843)  
Other expenses 0 0 0 0  
(Provision for) benefit from income taxes (5,464) (6,977) (22,015) (10,031)  
Net Income (Loss) 34,319 22,755 82,289 39,697  
Total Assets 2,659,250 1,543,380 2,659,250 1,543,380  
Operating Segments | Sequoia Mortgage Banking | Investment fair value changes, net, excluding risk management derivatives          
Non-Interest Income          
Investment fair value changes, net 0 0 0 0  
Operating Segments | Sequoia Mortgage Banking | Risk management derivatives gains (losses), net          
Non-Interest Income          
Investment fair value changes, net 0 0 0 0  
Operating Segments | CoreVest Mortgage Banking          
Segment Reporting Information [Line Items]          
Interest income 4,052 4,868 12,182 15,647  
Interest expense (2,554) (3,099) (6,846) (11,480)  
Net Interest Income 1,498 1,769 5,336 4,167  
Non-Interest Income          
Mortgage banking activities, net, excluding risk management derivatives 11,395 12,303 40,596 29,569  
Risk management derivatives (losses) gains, net 18 551 (1,820) 2,693  
Total Mortgage banking activities, net 11,413 12,854 38,776 32,262  
Investment fair value changes, net 0 0 0 0  
HEI income (loss), net 0 0 0 0  
Servicing income, net 0 0 0 0  
Fee income (loss), net 5,247 5,434 11,109 7,233  
Other income (loss), net (928) 0 1,468 0  
Realized gains, net 0 0 0 0  
Total non-interest income, net 15,732 18,288 51,353 39,495  
General and administrative expenses (9,971) (9,306) (30,786) (30,407)  
Portfolio management costs 0 0 0 0  
Loan acquisition costs (1,804) (1,885) (7,816) (5,982)  
Other expenses (2,011) (2,202) (6,416) (7,210)  
(Provision for) benefit from income taxes 48 (981) 975 706  
Net Income (Loss) 3,492 5,683 12,646 769  
Total Assets 393,790 357,432 393,790 357,432  
Operating Segments | CoreVest Mortgage Banking | Investment fair value changes, net, excluding risk management derivatives          
Non-Interest Income          
Investment fair value changes, net 0 0 0 0  
Operating Segments | CoreVest Mortgage Banking | Risk management derivatives gains (losses), net          
Non-Interest Income          
Investment fair value changes, net 0 0 0 0  
Operating Segments | Redwood Investments          
Segment Reporting Information [Line Items]          
Interest income 225,521 177,136 646,834 471,952  
Interest expense (207,939) (150,238) (585,540) (397,286)  
Net Interest Income 17,582 26,898 61,294 74,666  
Non-Interest Income          
Mortgage banking activities, net, excluding risk management derivatives 0 0 0 0  
Risk management derivatives (losses) gains, net 0 0 0 0  
Total Mortgage banking activities, net 0 0 0 0  
Investment fair value changes, net (1,742) (9,127) (7,117) 31,511  
HEI income (loss), net 745 32 926 32  
Servicing income, net 1,416 251 6,431 8,025  
Fee income (loss), net 270 64 823 797  
Other income (loss), net 392 932 1,156 2,139  
Realized gains, net 0 211 1,207 525  
Total non-interest income, net 1,081 (7,637) 3,426 43,029  
General and administrative expenses (1,599) (1,861) (4,477) (6,024)  
Portfolio management costs (3,524) (1,550) (8,178) (3,760)  
Loan acquisition costs 0 0 0 (14)  
Other expenses (3,170) (26) (6,709) (3,556)  
(Provision for) benefit from income taxes (30) 606 1,841 (3,454)  
Net Income (Loss) 10,340 16,430 47,197 100,887  
Total Assets 16,906,766 12,815,147 16,906,766 12,815,147  
Operating Segments | Redwood Investments | Investment fair value changes, net, excluding risk management derivatives          
Non-Interest Income          
Investment fair value changes, net (1,682) (9,127) (51,307) 33,478  
Operating Segments | Redwood Investments | Risk management derivatives gains (losses), net          
Non-Interest Income          
Investment fair value changes, net (60) 0 44,190 (1,967)  
Operating Segments | Legacy Investments          
Segment Reporting Information [Line Items]          
Interest income 21,476 39,921 79,077 126,744  
Interest expense (30,528) (38,445) (95,741) (117,131)  
Net Interest Income (9,052) 1,476 (16,664) 9,613  
Non-Interest Income          
Mortgage banking activities, net, excluding risk management derivatives 0 0 0 0  
Risk management derivatives (losses) gains, net 0 0 0 0  
Total Mortgage banking activities, net 0 0 0 0  
Investment fair value changes, net (6,741) (2,839) (91,046) (19,741)  
HEI income (loss), net (291) 10,695 (3,205) 35,664  
Servicing income, net 0 0 0 0  
Fee income (loss), net (938) (865) (2,793) (733)  
Other income (loss), net (532) 0 (532) 0  
Realized gains, net 0 0 0 0  
Total non-interest income, net (8,502) 6,991 (97,576) 15,190  
General and administrative expenses (23) 0 (95) (53)  
Portfolio management costs (3,426) (4,791) (15,291) (11,017)  
Loan acquisition costs (156) 0 (155) (238)  
Other expenses (500) 0 (500) 0  
(Provision for) benefit from income taxes (571) 0 1,964 0  
Net Income (Loss) (22,230) 3,676 (128,317) 13,495  
Total Assets 2,305,179 3,337,646 2,305,179 3,337,646  
Operating Segments | Legacy Investments | Investment fair value changes, net, excluding risk management derivatives          
Non-Interest Income          
Investment fair value changes, net (4,891) 6,312 (82,567) (21,967)  
Operating Segments | Legacy Investments | Risk management derivatives gains (losses), net          
Non-Interest Income          
Investment fair value changes, net (1,850) (9,151) (8,479) 2,226  
Corporate/ Other          
Segment Reporting Information [Line Items]          
Interest income 592 400 1,274 2,729  
Interest expense (16,859) (14,593) (49,566) (42,944)  
Net Interest Income (16,267) (14,193) (48,292) (40,215)  
Non-Interest Income          
Mortgage banking activities, net, excluding risk management derivatives 0 0 0 0  
Risk management derivatives (losses) gains, net 0 0 0 0  
Total Mortgage banking activities, net 0 0 0 0  
Investment fair value changes, net 1,512 (236) 1,300 (1,037)  
HEI income (loss), net 0 0 0 0  
Servicing income, net 0 0 0 0  
Fee income (loss), net 0 155 0 155  
Other income (loss), net 885 (52) (373) (997)  
Realized gains, net (48) 0 (48) 95  
Total non-interest income, net 2,349 (133) 879 (1,784)  
General and administrative expenses (19,340) (19,601) (56,478) (52,391)  
Portfolio management costs (31) (15) (31) (40)  
Loan acquisition costs 0 0 0 0  
Other expenses 0 0 0 0  
(Provision for) benefit from income taxes (336) 224 58 204  
Net Income (Loss) (33,625) (33,718) (103,864) (94,226)  
Total Assets 335,781 373,821 335,781 373,821  
Corporate/ Other | Investment fair value changes, net, excluding risk management derivatives          
Non-Interest Income          
Investment fair value changes, net 1,512 (236) 1,300 (1,037)  
Corporate/ Other | Risk management derivatives gains (losses), net          
Non-Interest Income          
Investment fair value changes, net $ 0 $ 0 $ 0 $ 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 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.