Offsetting Assets and Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Assets
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet	[1]	$ 46,003	$ 14,212
Liabilities
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet	[1]	(23,660)	(33,828)
Total Liabilities
Gross Amounts of Recognized Assets (Liabilities)		(277,126)	(502,314)
Gross Amounts Offset in Consolidated Balance Sheet		0	0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet		(277,126)	(502,314)
Financial Instruments		257,550	472,852
Cash Collateral (Received) Pledged		16,231	28,878
Net Amount		(3,345)	(584)
Interest rate agreements
Assets
Gross Amounts of Recognized Assets (Liabilities)		23,738	1,742
Gross Amounts Offset in Consolidated Balance Sheet		0	0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet		23,738	1,742
Financial Instruments		0	0
Cash Collateral (Received) Pledged		(19,989)	0
Net Amount		3,749	1,742
Liabilities
Gross Amounts of Recognized Assets (Liabilities)		0
Gross Amounts Offset in Consolidated Balance Sheet		0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet		0
Financial Instruments		0
Cash Collateral (Received) Pledged		0
Net Amount		0
TBAs
Assets
Gross Amounts of Recognized Assets (Liabilities)		0	952
Gross Amounts Offset in Consolidated Balance Sheet		0	0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet		0	952
Financial Instruments		0	(952)
Cash Collateral (Received) Pledged		0	0
Net Amount		0	0
Liabilities
Gross Amounts of Recognized Assets (Liabilities)		(16,249)	(27,020)
Gross Amounts Offset in Consolidated Balance Sheet		0	0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet		(16,249)	(27,020)
Financial Instruments		0	952
Cash Collateral (Received) Pledged		12,904	25,484
Net Amount		(3,345)	(584)
Interest rate futures
Assets
Gross Amounts of Recognized Assets (Liabilities)		16,446
Gross Amounts Offset in Consolidated Balance Sheet		0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet		16,446
Financial Instruments		(3,588)
Cash Collateral (Received) Pledged		0
Net Amount		12,858
Liabilities
Gross Amounts of Recognized Assets (Liabilities)		(6,915)	(3,394)
Gross Amounts Offset in Consolidated Balance Sheet		0	0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet		(6,915)	(3,394)
Financial Instruments		3,588	0
Cash Collateral (Received) Pledged		3,327	3,394
Net Amount		0	0
Total Assets
Assets
Gross Amounts of Recognized Assets (Liabilities)		40,184	2,694
Gross Amounts Offset in Consolidated Balance Sheet		0	0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet		40,184	2,694
Financial Instruments		(3,588)	(952)
Cash Collateral (Received) Pledged		(19,989)	0
Net Amount		16,607	1,742
Loan warehouse facilities
Loan warehouse facilities
Gross Amounts of Recognized Assets (Liabilities)		(253,962)	(471,900)
Gross Amounts Offset in Consolidated Balance Sheet		0	0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet		(253,962)	(471,900)
Financial Instruments		253,962	471,900
Cash Collateral (Received) Pledged		0	0
Net Amount		$ 0	$ 0

[1] Our consolidated balance sheets include assets of 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 December 31, 2024 and 2023, assets of consolidated VIEs totaled $14,654,942 and $10,988,885, respectively. At December 31, 2024 and 2023, liabilities of consolidated VIEs totaled $13,620,239 and $10,096,308, respectively. See Note 15 for further discussion.