Other Assets and Liabilities - Components of Other Assets (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Accrued interest receivable		$ 44,134	$ 71,058
Pledged collateral		33,105	32,945
Investment receivable		29,916	23,330
Income tax receivables		17,255	36
Right-of-use asset		15,561	11,866
REO		9,780	9,462
FHLBC stock		5,000	43,393
Fixed assets and leasehold improvements		4,590	4,901
Margin receivable		2,746	209,776
Other		9,499	12,554
Total Other Assets	[1]	171,586	$ 419,321
Fixed assets		12,000
Accumulated depreciation		$ 7,000

[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 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.