Other Assets and Liabilities - Schedule of Components of Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2026	Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Payable to non-controlling interests		$ 123,560	$ 120,177
Accrued interest payable		102,385	81,851
Accrued compensation		19,477	39,964
Margin payable		45,360	47,264
Unsettled trades		14,304	32,046
Accrued taxes payable		0	1,437
Accrued operating expenses		14,982	11,617
Operating lease liabilities		9,713	10,666
Current accounts payable		14,422	9,698
Repurchase reserve		5,650	7,466
Guarantee obligations		4,074	1,267
Preferred stock dividends payable		1,478	1,478
Bridge loan holdbacks		503	2,253
Other		61,754	31,751
Total Accrued Expenses and Other Liabilities	[1]	$ 417,662	$ 398,935

[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.