Strategic Investments - Schedule of Components of Strategic Investments (Details) - USD ($) $ in Thousands		Dec. 31, 2025	Dec. 31, 2024
Investments, All Other Investments [Abstract]
Strategic investments, equity method		$ 59,337	$ 48,767
Strategic investments, measurement alternative		26,235	25,896
Strategic investments, at fair value		6,310	3,460
Other investments		10,076	0
Total Servicing Investments	[1]	$ 101,958	$ 78,123

[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, 2025 and 2024, assets of consolidated VIEs totaled $18,927,094 and $14,654,942, respectively. At December 31, 2025 and 2024, liabilities of consolidated VIEs totaled $17,850,175 and $13,620,239, respectively. See Note 15 for further discussion.