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Short-Term Debt - Additional Information (Detail) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Short-term Debt [Line Items]    
Securities pledged as collateral $ 762,000,000us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral  
Average balance of short-term debt 1,520,000,000us-gaap_ShorttermDebtAverageOutstandingAmount 989,000,000us-gaap_ShorttermDebtAverageOutstandingAmount
Accrued interest payable on short-term debt 1,900,000us-gaap_InterestPayableCurrent  
Committed line of credit 10,000,000us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity  
Committed line of credit with financial institutions, outstanding 0us-gaap_LineOfCredit 0us-gaap_LineOfCredit
Maximum    
Short-term Debt [Line Items]    
Accrued interest payable on short-term debt   1,000,000us-gaap_InterestPayableCurrent
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Residential Loans    
Short-term Debt [Line Items]    
Loan pledged as collateral 1,220,000,000us-gaap_LoansPledgedAsCollateral
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= rwt_ResidentialLoansMember
 
Commercial Loans    
Short-term Debt [Line Items]    
Loan pledged as collateral $ 161,000,000us-gaap_LoansPledgedAsCollateral
/ us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis
= us-gaap_CommercialLoanMember