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Basic and Diluted Earnings Per Common Share (Detail) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Earnings Per Share Disclosure [Line Items]        
Basic earnings per common share $ 0.53 $ 0.26 $ 0.87 $ 1.76
Net income attributable to Redwood $ 45,097 $ 21,929 $ 73,447 $ 148,112
Basic weighted average common shares outstanding 83,017,534 82,201,473 82,722,079 81,888,231
Net effect of dilutive equity awards 2,113,248 2,220,566 2,309,051 2,292,451
Net effect of assumed convertible notes conversion to common shares 11,825,450 0 0 9,053,183
Diluted weighted average common shares outstanding 96,956,232 84,422,039 85,031,130 93,233,865
Diluted earnings per common share $ 0.50 $ 0.25 $ 0.84 $ 1.65
Basic Earnings (Loss) Per Common Share
        
Earnings Per Share Disclosure [Line Items]        
Net income attributable to Redwood 45,097 21,929 73,447 148,112
Less: Dividends and undistributed earnings allocated to participating securities (1,054) (565) (1,819) (4,209)
Net income allocated to common shareholders 44,043 21,364 71,628 143,903
Basic weighted average common shares outstanding 83,017,534 82,201,473 82,722,079 81,888,231
Diluted Earnings (Loss) Per Common Share
        
Earnings Per Share Disclosure [Line Items]        
Net income attributable to Redwood 45,097 21,929 73,447 148,112
Less: Dividends and undistributed earnings allocated to participating securities (756) (565) (1,784) (3,030)
Add back: Interest expense on convertible notes 3,855     8,790
Net income allocated to common shareholders $ 48,196 $ 21,364 $ 71,663 $ 153,872
Basic weighted average common shares outstanding 83,017,534 82,201,473 82,722,079 81,888,231
Net effect of dilutive equity awards 2,113,248 2,220,566 2,309,051 2,292,451
Net effect of assumed convertible notes conversion to common shares 11,825,450     9,053,183
Diluted weighted average common shares outstanding 96,956,232 84,422,039 85,031,130 93,233,865