Other Assets and Liabilities - Schedule of Components of Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2025	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Payable to non-controlling interests		$ 120,177	$ 123,258
Accrued interest payable		81,851	70,988
Margin payable		47,264	20,340
Accrued compensation		39,964	34,002
Unsettled trades		32,046	5,127
Accrued operating expenses		11,617	11,074
Operating lease liabilities		10,666	11,028
Current accounts payable		9,698	6,803
Repurchase reserve		7,466	4,727
Bridge loan holdbacks		2,253	2,148
Preferred stock dividends payable		1,478	1,478
Accrued tax payable		1,437	0
Guarantee obligations		1,267	2,806
Other		31,751	19,958
Total Accrued Expenses and Other Liabilities	[1]	$ 398,935	$ 313,737

[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.