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Servicing Investments - Schedule of Components of Servicing Investments (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Net Investment Income [Line Items]    
Mortgage servicing rights [1] $ 282,256 $ 297,683
Servicer advance investments, at fair value    
Net Investment Income [Line Items]    
Mortgage servicing rights 221,656 233,820
Excess MSRs, at fair value    
Net Investment Income [Line Items]    
Mortgage servicing rights 30,044 32,274
MSRs    
Net Investment Income [Line Items]    
Mortgage servicing rights $ 30,556 $ 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 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.