Other Assets and Liabilities - Schedule of Components of Other Assets (Details) - USD ($) $ in Thousands		Jun. 30, 2025	Mar. 31, 2025	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Accrued interest receivable		$ 130,629		$ 115,832
Margin receivable		81,699		28,313
Real estate owned		72,340	$ 78,544	91,927
Investment receivable		61,259		69,793
Deferred tax asset		27,145		27,145
Intangible assets		14,645		19,049
Operating lease right-of-use assets		10,383		9,167
Fixed assets and leasehold improvements		4,919		4,674
Other		45,555		49,817
Total Other Assets	[1]	448,574		$ 415,717
Fixed assets		19,000
Accumulated depreciation		$ (14,000)
Operating lease right-of-use asset, statement of financial position [Extensible List]		Total Other Assets		Total Other Assets

[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.