Home Equity Investments (HEI) - Schedule of Home Equity Investments (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Total Home Equity Investments	[1]	$ 589,785	$ 550,436
HEI at Redwood
Schedule of Equity Method Investments [Line Items]
Total Home Equity Investments		257,315	244,719
HEI held at consolidated HEI securitization entities
Schedule of Equity Method Investments [Line Items]
Total Home Equity Investments		$ 332,470	$ 305,717

[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.