Other Investments - Schedule of Components of Other Investments (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Investment [Line Items]
Total Other Investments	[1]	$ 375,806	$ 343,930
Mortgage servicing rights
Investment [Line Items]
Servicer advance investments, excess MSRs and MSRs, at fair value		31,589	24,877
Other, at fair value
Investment [Line Items]
Other, at fair value		0	234
Servicer advance investments, at fair value
Investment [Line Items]
Servicer advance investments, excess MSRs and MSRs, at fair value		233,820	225,345
Strategic investments, at carrying value
Investment [Line Items]
Strategic investments, at carrying value		74,663	53,147
Strategic investments, at fair value		3,460	2,960
Excess MSRs
Investment [Line Items]
Servicer advance investments, excess MSRs and MSRs, at fair value		$ 32,274	$ 37,367

[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.