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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Residential loans $ 2,724,381 $ 2,166,434
Commercial loans 468,766 432,455
Real estate securities, at fair value 1,845,067 1,682,861
Mortgage servicing rights, at fair value 71,225 64,824
Cash and cash equivalents 157,079 173,201
Total earning assets 5,266,518 4,519,775
Restricted cash 393 398
Accrued interest receivable 15,109 13,475
Derivative assets 7,514 7,787
Deferred securities issuance costs 11,252 13,453
Other assets 77,764 53,640
Total Assets 5,378,550 [1] 4,608,528 [1]
Liabilities    
Short-term debt 1,718,430 862,763
Accrued interest payable 7,154 6,366
Derivative liabilities 39,837 18,167
Accrued expenses and other liabilities 42,223 48,704
Deferred tax liability 7,316 7,316
Long-term debt 546,608 476,467
Total liabilities 4,129,646 [1] 3,362,745 [1]
Equity    
Common stock, par value $0.01 per share, 180,000,000 shares authorized; 83,080,118 and 82,504,801 issued and outstanding 831 825
Additional paid-in capital 1,764,386 1,760,899
Accumulated other comprehensive income 167,557 148,766
Cumulative earnings 834,648 806,298
Cumulative distributions to stockholders (1,518,518) (1,471,005)
Total equity 1,248,904 1,245,783
Total Liabilities and Equity 5,378,550 4,608,528
Asset-backed Securities
    
Liabilities    
Asset-backed securities issued 1,768,078 1,942,962
Residential Loans Held For Sale
    
ASSETS    
Residential loans 1,107,877 404,267
Residential Loans Held for Investment
    
ASSETS    
Residential loans 1,616,504 1,762,167
Commercial Loans Held For Sale
    
ASSETS    
Commercial loans 50,848 89,111
Commercial Loans Held For Investment
    
ASSETS    
Commercial loans $ 417,918 $ 343,344
[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 the primary beneficiary (Redwood Trust, Inc.). At June 30, 2014 and December 31, 2013, assets of consolidated VIEs totaled $2,125,423 and $2,299,576, respectively, and liabilities of consolidated VIEs totaled $1,769,851 and $1,944,911, respectively. See Note 4 for further discussion.