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Commitments and Contingencies - Additional Information (Details)
3 Months Ended 12 Months Ended
Jul. 01, 2022
USD ($)
Mar. 31, 2023
USD ($)
lease
loan
repurchase_request
tranche
Mar. 31, 2022
USD ($)
repurchase_request
loan
Dec. 31, 2021
USD ($)
Dec. 31, 2018
partnership
Dec. 31, 2022
USD ($)
loan
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Loss Contingencies [Line Items]                
Lessee, number of leases | lease   10            
Present value of remaining lease payments   $ 19,981,000            
Operating lease expense   $ 1,000,000 $ 1,000,000          
Lessee, number of office leases | lease   1            
Operating lease liabilities   $ 17,638,000       $ 18,563,000    
Operating lease liability, statement of financial position [Extensible List]   Accounts Payable and Accrued Liabilities            
Operating lease right-of-use assets   $ 15,297,000       16,177,000    
Operating lease right-of-use asset, statement of financial position [Extensible List]   Other assets            
Weighted average remaining lease term   5 years            
Discount rate (as a percent)   5.20%            
Derivative liabilities [1]   $ 10,736,000       16,855,000    
Market valuation adjustments   11,270,000 $ (1,859,000)          
Number of partnerships, committed to fund | partnership         2      
Guarantee obligations   6,223,000       6,344,000    
Guarantee obligations, credit reserve   5,000,000            
Special purpose entities assets   30,000,000       30,000,000    
Special purpose entities liabilities   6,000,000       6,000,000    
Residential repurchase reserve   5,858,000       7,051,000    
Aggregate amount of loss contingency reserves   2,000,000            
Riverbend Funding, LLC                
Loss Contingencies [Line Items]                
Earnout period 2 years              
Potential future payments on loans $ 25,300,000              
Contingent consideration   0            
Maximum                
Loss Contingencies [Line Items]                
Loss from arrangements   100,000            
Residential Loans                
Loss Contingencies [Line Items]                
Unpaid principal balance   27,935,000       822,063,000    
Fair value of loans   $ 26,975,000       $ 780,781,000    
Number of loans in foreclosure | loan   0       0    
Business Purpose Loans                
Loss Contingencies [Line Items]                
Residential repurchase reserve   $ 0       $ 1,000,000    
Number of residential repurchase requests (in repurchase requests) | repurchase_request   4 0          
Number of loans repurchased | loan   11 0          
Repurchase request outstanding   $ 0       1,000,000    
Other income                
Loss Contingencies [Line Items]                
Other income related to risk sharing agreement   200,000            
Guarantee Obligations                
Loss Contingencies [Line Items]                
Potential future payments on loans   44,000,000            
Original unpaid balance of loans subject to risk sharing agreements             $ 3,190,000,000 $ 3,190,000,000
Unpaid principal balance   $ 429,000,000            
Weighted average original FICO score   759            
Weighted average original loan-to-value (LTV)   74.00%            
Guarantee Obligations | Residential Loans                
Loss Contingencies [Line Items]                
Number of loans in foreclosure | tranche   5            
Unpaid principal balance of loans in foreclosure   $ 1,000,000            
Guarantee Obligations | Financing Receivables, Equal to Greater than 90 Days Past Due                
Loss Contingencies [Line Items]                
Fair value of loans   9,000,000            
Repurchase Reserves                
Loss Contingencies [Line Items]                
Residential repurchase reserve   $ 6,000,000       $ 6,000,000    
Number of residential repurchase requests (in repurchase requests) | repurchase_request   1 0          
Number of loans repurchased | loan   5 0          
Residential loans repurchase (reversal) provision   $ 0 $ (200,000)          
Commitment To Fund Residential Bridge Loan                
Loss Contingencies [Line Items]                
Other commitments made   811,000,000            
Derivative liabilities   (1,000,000)            
Market valuation adjustments   400,000            
Commitment To Acquire HEIs                
Loss Contingencies [Line Items]                
Cumulative commitment   8,000,000            
Commitment To Fund Strategic Investment                
Loss Contingencies [Line Items]                
Other commitments made   15,000,000            
Payments for other commitments     $ 25,000,000          
Commitment To Fund RWT Horizons Investments                
Loss Contingencies [Line Items]                
Other commitments made   $ 1,000,000            
Payments for other commitments       $ 5,000,000        
[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 March 31, 2023 and December 31, 2022, assets of consolidated VIEs totaled $9,836,956 and $9,257,291, respectively. At March 31, 2023 and December 31, 2022, liabilities of consolidated VIEs totaled $8,729,585 and $8,270,276, respectively. See Note 4 for further discussion.