Other Investments - Schedule of Other Investments (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Investment [Line Items]
Total Other Investments	[1]	$ 343,930	$ 390,938
Mortgage servicing rights
Investment [Line Items]
Servicing asset, fair value		24,877	25,421
Other
Investment [Line Items]
Home equity investments, at fair value		234	705
Residential Loans
Investment [Line Items]
Servicing asset, fair value		225,345	269,259
Strategic investments
Investment [Line Items]
Servicing asset, fair value		56,107	56,518
Excess MSRs
Investment [Line Items]
Servicing asset, fair value		$ 37,367	$ 39,035

[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, 2023 and 2022, assets of consolidated VIEs totaled $10,988,885 and $9,257,291, respectively. At December 31, 2023 and 2022, liabilities of consolidated VIEs totaled $10,096,308 and $8,270,276, respectively. See Note 4 for further discussion.