Home Equity Investments (HEI) - Schedule of Home Equity Investments (Details) - USD ($) $ in Thousands		Jun. 30, 2025	Dec. 31, 2024
Schedule of Equity Method Investments [Line Items]
Home equity investments	[1]	$ 587,636	$ 589,785
Legacy Investments
Schedule of Equity Method Investments [Line Items]
Home equity investments		579,000
Unsecuritized HEI
Schedule of Equity Method Investments [Line Items]
Home equity investments		246,355	257,315
HEI held at consolidated HEI securitization entities
Schedule of Equity Method Investments [Line Items]
Home equity investments		$ 341,281	$ 332,470

[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.