Other Investments - Summary of Other Investments (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Net Investment Income [Line Items]
Servicing asset, fair value		$ 249,705	$ 151,582
Other Investments	[1]	429,840	358,130
Residential Loans
Net Investment Income [Line Items]
Servicing asset, fair value		266,948	169,204
Excess MSRs
Net Investment Income [Line Items]
Servicing asset, fair value		36,197	31,814
Shared home appreciation options
Net Investment Income [Line Items]
Shared home appreciation options		40,851	45,085
Mortgage servicing rights
Net Investment Income [Line Items]
Servicing asset, fair value		19,661	42,224
Investment in multifamily loan fund
Net Investment Income [Line Items]
Shared home appreciation options		30,370	39,802
Other
Net Investment Income [Line Items]
Shared home appreciation options		$ 35,813	$ 30,001

[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 June 30, 2020 and December 31, 2019, assets of consolidated VIEs totaled $7,984,618 and $11,931,869, respectively. At June 30, 2020 and December 31, 2019, liabilities of consolidated VIEs totaled $7,140,221 and $10,717,072, respectively. See Note 4 for further discussion.