Other Assets and Liabilities - Schedule of Components of Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands		Jun. 30, 2026	Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Payable to non-controlling interests		$ 119,020	$ 120,177
Accrued interest payable		105,110	81,851
Margin payable		48,251	47,264
Accrued compensation		20,769	39,964
Current accounts payable		17,474	9,698
Unsettled trades		16,068	32,046
Accrued operating expenses		13,468	11,617
Operating lease liabilities		13,449	10,666
Guarantee obligations		3,689	1,267
Repurchase reserve		2,507	7,466
Preferred stock dividends payable		1,478	1,478
Bridge loan holdbacks		487	2,253
Accrued taxes payable		0	1,437
Other		39,129	31,751
Total Accrued Expenses and Other Liabilities	[1]	$ 400,899	$ 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 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.