Other Assets and Liabilities - Schedule of Components of Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Payable to non-controlling interests		$ 123,258	$ 81,177
Margin payable		20,340	350
Accrued interest payable		70,988	52,755
Accrued compensation		$ 34,002	$ 28,140
Operating Lease, Liability, Statement of Financial Position [Extensible List]		Accounts Payable and Accrued Liabilities	Operating lease liabilities
Operating lease liabilities		$ 11,028	$ 14,725
Accrued operating expenses		11,074	5,527
Current accounts payable		6,803	4,992
Unsettled trades		5,127	0
Guarantee obligations		2,806	5,781
Repurchase reserve		4,727	4,700
Bridge loan holdbacks		2,148	2,059
Preferred stock dividends payable		1,478	1,478
Other		19,958	15,119
Total Accrued Expenses and Other Liabilities	[1]	$ 313,737	$ 216,803

[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.