v3.26.1
Principles of Consolidation - Schedule of Unconsolidated VIEs Sponsored by Redwood (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Dec. 31, 2025
On-balance sheet assets, at fair value:    
Subordinate securities, classified as AFS $ 287,347 $ 287,557
Interest-only, senior and subordinate securities, classified as trading 193,550 135,459
Mortgage servicing rights [1] 290,825 302,230
Commitment To Fund Residential Bridge Loan    
On-balance sheet assets, at fair value:    
Funding commitment 14,815 35,000
Payments for other commitments 20,000  
Additional funding commitments 15,000  
Variable Interest Entity, Not Primary Beneficiary    
On-balance sheet assets, at fair value:    
Strategic investments, equity method 10,263 10,263
Funding commitment   35,000
Maximum loss exposure 379,153 374,803
Variable Interest Entity, Not Primary Beneficiary | Subordinate securities, classified as AFS    
On-balance sheet assets, at fair value:    
Subordinate securities, classified as AFS 293,520 283,768
Interest-only, senior and subordinate securities, classified as trading | Variable Interest Entity, Not Primary Beneficiary    
On-balance sheet assets, at fair value:    
Interest-only, senior and subordinate securities, classified as trading 47,935 33,743
Mortgage servicing rights | Variable Interest Entity, Not Primary Beneficiary    
On-balance sheet assets, at fair value:    
Mortgage servicing rights $ 12,620 $ 12,029
[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.