Home Equity Investments (HEI) - Schedule of Home Equity Investments (Details) - USD ($) $ in Thousands		Jun. 30, 2026	Dec. 31, 2025
Schedule of Equity Method Investments [Line Items]
Home equity investments	[1]	$ 339,735	$ 329,883
Legacy Investments
Schedule of Equity Method Investments [Line Items]
Home equity investments		321,000	314,000
Unsecuritized HEI
Schedule of Equity Method Investments [Line Items]
Home equity investments		145,474	138,762
HEI held at consolidated HEI securitization entity
Schedule of Equity Method Investments [Line Items]
Home equity investments		$ 194,261	$ 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 June 30, 2026 and December 31, 2025, assets of consolidated VIEs totaled $24,372,361 and $18,927,094, respectively. At June 30, 2026 and December 31, 2025, liabilities of consolidated VIEs totaled $22,877,902 and $17,850,175, respectively. See Note 16 for further discussion.