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Components of Corporate/Other (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Segment Reporting Information [Line Items]                      
Interest income $ 65,251us-gaap_InterestAndDividendIncomeOperating $ 63,351us-gaap_InterestAndDividendIncomeOperating $ 57,993us-gaap_InterestAndDividendIncomeOperating $ 55,475us-gaap_InterestAndDividendIncomeOperating $ 57,492us-gaap_InterestAndDividendIncomeOperating $ 57,420us-gaap_InterestAndDividendIncomeOperating $ 57,719us-gaap_InterestAndDividendIncomeOperating $ 53,525us-gaap_InterestAndDividendIncomeOperating $ 242,070us-gaap_InterestAndDividendIncomeOperating $ 226,156us-gaap_InterestAndDividendIncomeOperating $ 231,384us-gaap_InterestAndDividendIncomeOperating
Interest expense (23,903)us-gaap_InterestExpense (23,350)us-gaap_InterestExpense (21,151)us-gaap_InterestExpense (19,059)us-gaap_InterestExpense (19,528)us-gaap_InterestExpense (21,725)us-gaap_InterestExpense (21,416)us-gaap_InterestExpense (18,302)us-gaap_InterestExpense (87,463)us-gaap_InterestExpense (80,971)us-gaap_InterestExpense (120,705)us-gaap_InterestExpense
Net interest income (loss) 41,348us-gaap_InterestIncomeExpenseNet 40,001us-gaap_InterestIncomeExpenseNet 36,842us-gaap_InterestIncomeExpenseNet 36,416us-gaap_InterestIncomeExpenseNet 37,964us-gaap_InterestIncomeExpenseNet 35,695us-gaap_InterestIncomeExpenseNet 36,303us-gaap_InterestIncomeExpenseNet 35,223us-gaap_InterestIncomeExpenseNet 154,607us-gaap_InterestIncomeExpenseNet 145,185us-gaap_InterestIncomeExpenseNet 110,679us-gaap_InterestIncomeExpenseNet
Provision for loan losses                 (961)us-gaap_ProvisionForLoanLeaseAndOtherLosses (4,737)us-gaap_ProvisionForLoanLeaseAndOtherLosses (3,648)us-gaap_ProvisionForLoanLeaseAndOtherLosses
Mortgage banking activities, net                 34,938rwt_MortgageBankingActivitiesNet 102,494rwt_MortgageBankingActivitiesNet 36,593rwt_MortgageBankingActivitiesNet
MSR income (loss)                 (4,261)rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs 20,309rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs (1,391)rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
Other market valuation adjustments, net                 (10,146)rwt_OtherMarketValuationAdjustments (5,709)rwt_OtherMarketValuationAdjustments 1,539rwt_OtherMarketValuationAdjustments
Total non interest income, net 10,686us-gaap_NoninterestIncome 28,519us-gaap_NoninterestIncome 1,475us-gaap_NoninterestIncome (4,671)us-gaap_NoninterestIncome 24,918us-gaap_NoninterestIncome 5,346us-gaap_NoninterestIncome 53,568us-gaap_NoninterestIncome 58,522us-gaap_NoninterestIncome 36,009us-gaap_NoninterestIncome 142,353us-gaap_NoninterestIncome 91,662us-gaap_NoninterestIncome
Realized gains, net                 15,478us-gaap_RealizedInvestmentGainsLosses 25,259us-gaap_RealizedInvestmentGainsLosses 54,921us-gaap_RealizedInvestmentGainsLosses
Direct operating expenses 26,462us-gaap_OperatingExpenses 21,406us-gaap_OperatingExpenses 22,282us-gaap_OperatingExpenses 19,973us-gaap_OperatingExpenses 19,670us-gaap_OperatingExpenses 22,320us-gaap_OperatingExpenses 24,430us-gaap_OperatingExpenses 20,187us-gaap_OperatingExpenses (90,123)us-gaap_OperatingExpenses (86,607)us-gaap_OperatingExpenses (65,633)us-gaap_OperatingExpenses
Other expense                   (12,000)us-gaap_OtherNoninterestExpense  
Provision for income taxes                 (744)us-gaap_IncomeTaxExpenseBenefit (10,948)us-gaap_IncomeTaxExpenseBenefit (1,291)us-gaap_IncomeTaxExpenseBenefit
Net income 27,122us-gaap_NetIncomeLoss 45,097us-gaap_NetIncomeLoss 16,017us-gaap_NetIncomeLoss 12,333us-gaap_NetIncomeLoss 25,135us-gaap_NetIncomeLoss 21,929us-gaap_NetIncomeLoss 65,573us-gaap_NetIncomeLoss 60,160us-gaap_NetIncomeLoss 100,569us-gaap_NetIncomeLoss 173,246us-gaap_NetIncomeLoss 131,769us-gaap_NetIncomeLoss
Legacy Consolidated VIEs                      
Segment Reporting Information [Line Items]                      
Interest income                 25,786us-gaap_InterestAndDividendIncomeOperating
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
33,663us-gaap_InterestAndDividendIncomeOperating
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
92,296us-gaap_InterestAndDividendIncomeOperating
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Interest expense                 (20,844)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(25,876)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(95,807)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Net interest income (loss)                 4,942us-gaap_InterestIncomeExpenseNet
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
7,787us-gaap_InterestIncomeExpenseNet
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(3,511)us-gaap_InterestIncomeExpenseNet
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Provision for loan losses                 (877)us-gaap_ProvisionForLoanLeaseAndOtherLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(1,449)us-gaap_ProvisionForLoanLeaseAndOtherLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(171)us-gaap_ProvisionForLoanLeaseAndOtherLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Mortgage banking activities, net                 0rwt_MortgageBankingActivitiesNet
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
0rwt_MortgageBankingActivitiesNet
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
0rwt_MortgageBankingActivitiesNet
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
MSR income (loss)                 0rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
0rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
0rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Other market valuation adjustments, net                 (894)rwt_OtherMarketValuationAdjustments
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(613)rwt_OtherMarketValuationAdjustments
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
6,144rwt_OtherMarketValuationAdjustments
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Total non interest income, net                 (1,771)us-gaap_NoninterestIncome
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(2,062)us-gaap_NoninterestIncome
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
5,973us-gaap_NoninterestIncome
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Realized gains, net                 1,701us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
284us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
22,470us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Direct operating expenses                 (165)us-gaap_OperatingExpenses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(231)us-gaap_OperatingExpenses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(148)us-gaap_OperatingExpenses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Net income                 4,707us-gaap_NetIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
5,778us-gaap_NetIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
24,784us-gaap_NetIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Other                      
Segment Reporting Information [Line Items]                      
Interest income                 12us-gaap_InterestAndDividendIncomeOperating
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
157us-gaap_InterestAndDividendIncomeOperating
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
60us-gaap_InterestAndDividendIncomeOperating
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Interest expense                 (26,159)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(22,184)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(9,531)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Net interest income (loss)                 (26,147)us-gaap_InterestIncomeExpenseNet
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(22,027)us-gaap_InterestIncomeExpenseNet
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(9,471)us-gaap_InterestIncomeExpenseNet
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Mortgage banking activities, net                 0rwt_MortgageBankingActivitiesNet
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
0rwt_MortgageBankingActivitiesNet
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
0rwt_MortgageBankingActivitiesNet
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
MSR income (loss)                 0rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
0rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
0rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Other market valuation adjustments, net                 (130)rwt_OtherMarketValuationAdjustments
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
   
Total non interest income, net                 (130)us-gaap_NoninterestIncome
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
   
Direct operating expenses                 (37,289)us-gaap_OperatingExpenses
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(49,882)us-gaap_OperatingExpenses
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(35,475)us-gaap_OperatingExpenses
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Other expense                 1,600us-gaap_OtherNoninterestExpense
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(12,000)us-gaap_OtherNoninterestExpense
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
 
Provision for income taxes                 (76)us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
1,853us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(1,278)us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Net income                 $ (62,041)us-gaap_NetIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
$ (82,056)us-gaap_NetIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
$ (46,224)us-gaap_NetIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember