XML 39 R25.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Mortgage Banking Activities | 9 Months Ended
--- | ---
Sep. 30, 2014
Mortgage Banking Activities | Note 18. Mortgage Banking Activities The following table presents the components of mortgage banking activities, net, recorded in our consolidated income statements for the three and nine months ended September 30, 2014 and 2013. Components of Mortgage Banking Activities, Net
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(In Thousands) |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Residential mortgage banking activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Changes in fair value of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential loans, at fair value |  | $ | 13,446 |  |  | $ | (10,804) |  |  | $ | 34,554 |  |  | $ | (17,339) |
Sequoia IO securities |  |  | (1,332) |  |  |  | (1,866) |  |  |  | (14,419) |  |  |  | 36,399 |
Risk management derivatives (1) |  |  | (4,297) |  |  |  | 75 |  |  |  | (16,433) |  |  |  | 48,583 |
Loan purchase and forward sale commitments |  |  | 2,487 |  |  |  | - |  |  |  | 6,077 |  |  |  | - |
Other (2) |  |  | 1,082 |  |  |  | 359 |  |  |  | 1,871 |  |  |  | 1,635 |
Total residential mortgage banking activities: |  |  | 11,386 |  |  |  | (12,236) |  |  |  | 11,650 |  |  |  | 69,278 |
Commercial mortgage banking activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Changes in fair value of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans, at fair value |  |  | 4,305 |  |  |  | 3,171 |  |  |  | 13,644 |  |  |  | 2,826 |
Risk management derivatives (1) |  |  | 1,892 |  |  |  | 367 |  |  |  | (1,726) |  |  |  | 2,426 |
Other (2) |  |  | 289 |  |  |  | - |  |  |  | 382 |  |  |  | 1 |
Net gains on commercial loan originations and sales |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 11,031 |
Total commercial mortgage banking activities: |  |  | 6,486 |  |  |  | 3,538 |  |  |  | 12,300 |  |  |  | 16,284 |
Mortgage Banking Activities, Net |  | $ | 17,872 |  |  | $ | (8,698) |  |  | $ | 23,950 |  |  | $ | 85,562 |
(1) | Represents market valuation changes of derivatives that are used to manage risks associated with our accumulation of residential and commercial loans.
(2) | Amounts in this line item include other fee income and the provision for repurchase expenses, presented net.

X
- Definition The entire disclosure for Mortgage Banking Activities, Net. Mortgage banking activities include the components of the contribution to net income from our residential and commercial loan business activities. This includes valuation changes related to residential and commercial loans and the derivatives used to manage certain risks associated with the residential and commercial loans we own or plan to acquire and securitize, valuation changes of retained Sequoia IO securities, and gains from mortgage loan sales. + References No definition available. + Details
Name: | rwt_MortgageBankingActivitiesDisclosureTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration