Real Estate Securities - Schedule of Fair Values of Real Estate Securities (Details) - USD ($) $ in Thousands		Jun. 30, 2025	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Trading		$ 150,498	$ 193,749
AFS		114,499	211,474
Total Real Estate Securities	[1]	$ 264,997	$ 405,223

[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 June 30, 2025 and December 31, 2024, assets of consolidated VIEs totaled $17,484,443 and $14,654,942, respectively. At June 30, 2025 and December 31, 2024, liabilities of consolidated VIEs totaled $16,386,516 and $13,620,239, respectively. See Note 16 for further discussion.