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Asset-Backed Securities Issued - Additional Information (Details) - USD ($)
3 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2022
Dec. 31, 2052
May 29, 2029
Mar. 31, 2029
Jul. 31, 2023
Jun. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Debt Instrument [Line Items]                  
Other assets [1]   $ 211,240,000           $ 231,117,000  
Variable Interest Entity, Primary Beneficiary                  
Debt Instrument [Line Items]                  
VIE, ownership interest rate (as a percent)   80.00%              
Variable Interest Entity, Primary Beneficiary | HEI                  
Debt Instrument [Line Items]                  
ABS issued, at amortized cost                 $ 146,000,000
CoreVest | Variable Interest Entity, Primary Beneficiary                  
Debt Instrument [Line Items]                  
ABS issued, at amortized cost             $ 215,000,000   $ 270,000,000
Freddie Mac SLST | Variable Interest Entity, Primary Beneficiary                  
Debt Instrument [Line Items]                  
ABS issued, at amortized cost $ 210,000,000                
2022 Asset Backed Securities Sold | CoreVest                  
Debt Instrument [Line Items]                  
Debt instrument, face amount   $ 215,000,000              
Bridge loan   232,000,000              
Restricted cash   18,000,000              
2022 Asset Backed Securities Sold | CoreVest | Variable Interest Entity, Primary Beneficiary                  
Debt Instrument [Line Items]                  
Debt instrument, face amount   209,000,000              
Debt discount   6,000,000              
Asset-backed Securities | Variable Interest Entity, Primary Beneficiary                  
Debt Instrument [Line Items]                  
Debt instrument, face amount   85,000,000              
Debt discount   $ 1,000,000              
Debt instrument, interest rate (as a percent)   4.75%              
VIE, ownership interest rate (as a percent) 100.00%                
Asset-backed Securities | Variable Interest Entity, Primary Beneficiary | Forecast                  
Debt Instrument [Line Items]                  
Debt instrument, interest rate (as a percent)     2.00%   2.00% 7.75%      
Asset-backed Securities | CoreVest                  
Debt Instrument [Line Items]                  
Debt instrument, face amount   $ 485,000,000           270,000,000  
Bridge loan   284,000,000              
Restricted cash   16,000,000              
Securitized asset backed securities, borrowing capacity   250,000,000              
Other assets   11,000,000              
Asset-backed Securities | CoreVest | Variable Interest Entity, Primary Beneficiary                  
Debt Instrument [Line Items]                  
Debt instrument, face amount   269,000,000              
Debt discount   $ 1,000,000              
Debt instrument, interest rate (as a percent)   4.32%              
Asset-backed Securities | Freddie Mac SLST                  
Debt Instrument [Line Items]                  
Debt instrument, face amount   $ 86,000,000           $ 145,000,000  
2021 Asset Backed Securities Sold | Variable Interest Entity, Primary Beneficiary | Forecast                  
Debt Instrument [Line Items]                  
Debt instrument, interest rate (as a percent)       2.00%          
2021 Asset Backed Securities Sold | CoreVest                  
Debt Instrument [Line Items]                  
Debt instrument, face amount   270,000,000              
Securitized asset backed securities, borrowing capacity   $ 300,000,000              
2021 Asset Backed Securities Sold | CoreVest | Variable Interest Entity, Primary Beneficiary                  
Debt Instrument [Line Items]                  
Debt instrument, interest rate (as a percent)   2.34%              
Contractual maturities of over five years | Asset-backed Securities                  
Debt Instrument [Line Items]                  
Contractual maturities of ABS (in years)   5 years              
[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 December 31, 2022 and 2021, assets of consolidated VIEs totaled $9,257,291 and $10,661,081, respectively. At December 31, 2022 and 2021, liabilities of consolidated VIEs totaled $8,270,276 and $9,619,347, respectively. See Note 4 for further discussion.