Other Assets and Liabilities - Components of Other Assets (Details) - USD ($) $ in Thousands		Sep. 30, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Accrued interest receivable		$ 60,762	$ 60,893
REO		54,123	6,455
Deferred tax asset		41,931	41,931
Investment receivable		36,816	36,623
Operating lease right-of-use assets		13,367	16,177
Margin receivable		10,536	13,802
Fixed assets and leasehold improvements		8,453	12,616
Income tax receivables		1,654	3,399
Other		22,845	19,344
Total Other Assets	[1]	250,487	$ 211,240
Fixed assets		17,000
Accumulated depreciation		$ 9,000

[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 September 30, 2023 and December 31, 2022, assets of consolidated VIEs totaled $9,639,117 and $9,257,291, respectively. At September 30, 2023 and December 31, 2022, liabilities of consolidated VIEs totaled $8,635,696 and $8,270,276, respectively. See Note 4 for further discussion.