Home Equity Investments (HEI) - Schedule of Home Equity Investments (Details) - USD ($) $ in Thousands		Mar. 31, 2026	Dec. 31, 2025
Schedule of Equity Method Investments [Line Items]
Home equity investments	[1]	$ 341,101	$ 329,883
Legacy Investments
Schedule of Equity Method Investments [Line Items]
Home equity investments		322,000	314,000
Unsecuritized HEI
Schedule of Equity Method Investments [Line Items]
Home equity investments		145,069	138,762
HEI held at consolidated HEI securitization entity
Schedule of Equity Method Investments [Line Items]
Home equity investments		$ 196,032	$ 191,121

[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 March 31, 2026 and December 31, 2025, assets of consolidated VIEs totaled $22,076,415 and $18,927,094, respectively. At March 31, 2026 and December 31, 2025, liabilities of consolidated VIEs totaled $20,784,429 and $17,850,175, respectively. See Note 16 for further discussion.