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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Residential loans $ 3,398,573us-gaap_LoansAndLeasesReceivableNetReportedAmountConsumer $ 2,166,434us-gaap_LoansAndLeasesReceivableNetReportedAmountConsumer
Commercial loans 566,927us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial 432,455us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
Real estate securities, at fair value 1,379,230us-gaap_MarketableSecurities 1,682,861us-gaap_MarketableSecurities
Mortgage servicing rights, at fair value 139,293us-gaap_ServicingAssetAtFairValueAmount 64,824us-gaap_ServicingAssetAtFairValueAmount
Cash and cash equivalents 269,730us-gaap_CashAndCashEquivalentsAtCarryingValue 173,201us-gaap_CashAndCashEquivalentsAtCarryingValue
Total earning assets 5,753,753us-gaap_Investments 4,519,775us-gaap_Investments
Restricted cash 628us-gaap_RestrictedCashAndCashEquivalents 398us-gaap_RestrictedCashAndCashEquivalents
Accrued interest receivable 18,222us-gaap_InterestReceivable 13,475us-gaap_InterestReceivable
Derivative assets 16,417us-gaap_DerivativeAssets 7,787us-gaap_DerivativeAssets
Deferred securities issuance costs 16,050us-gaap_DeferredFinanceCostsNet 13,453us-gaap_DeferredFinanceCostsNet
Other assets 113,896us-gaap_OtherAssets 53,640us-gaap_OtherAssets
Total Assets 5,918,966us-gaap_Assets [1] 4,608,528us-gaap_Assets [1]
Liabilities    
Short-term debt 1,793,825us-gaap_ShortTermBorrowings 862,763us-gaap_ShortTermBorrowings
Accrued interest payable 8,502us-gaap_InterestPayableCurrentAndNoncurrent 6,366us-gaap_InterestPayableCurrentAndNoncurrent
Derivative liabilities 58,331us-gaap_DerivativeLiabilities 18,167us-gaap_DerivativeLiabilities
Accrued expenses and other liabilities 52,244us-gaap_AccruedLiabilitiesCurrentAndNoncurrent 48,704us-gaap_AccruedLiabilitiesCurrentAndNoncurrent
Deferred tax liability 10,236us-gaap_DeferredIncomeTaxLiabilities 7,316us-gaap_DeferredIncomeTaxLiabilities
Long-term debt 1,194,567us-gaap_LongTermDebt 476,467us-gaap_LongTermDebt
Total liabilities 4,662,824us-gaap_Liabilities [1] 3,362,745us-gaap_Liabilities [1]
Equity    
Common stock, par value $0.01 per share, 180,000,000 shares authorized; 83,443,141 and 82,504,801 issued and outstanding 834us-gaap_CommonStockValue 825us-gaap_CommonStockValue
Additional paid-in capital 1,774,030us-gaap_AdditionalPaidInCapitalCommonStock 1,760,899us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated other comprehensive income 140,688us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 148,766us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Cumulative earnings 906,867us-gaap_RetainedEarningsAccumulatedDeficit 806,298us-gaap_RetainedEarningsAccumulatedDeficit
Cumulative distributions to stockholders (1,566,278)us-gaap_CumulativeDividends (1,471,005)us-gaap_CumulativeDividends
Total equity 1,256,141us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 1,245,783us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total Liabilities and Equity 5,918,966us-gaap_LiabilitiesAndStockholdersEquity 4,608,528us-gaap_LiabilitiesAndStockholdersEquity
Asset-backed Securities    
Liabilities    
Asset-backed securities issued 1,545,119us-gaap_SecuredDebt
/ us-gaap_DebtInstrumentAxis
= us-gaap_AssetBackedSecuritiesMember		 1,942,962us-gaap_SecuredDebt
/ us-gaap_DebtInstrumentAxis
= us-gaap_AssetBackedSecuritiesMember
Residential Loans Held For Sale    
ASSETS    
Residential loans 1,342,519us-gaap_LoansAndLeasesReceivableNetReportedAmountConsumer
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForSaleMember		 404,267us-gaap_LoansAndLeasesReceivableNetReportedAmountConsumer
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForSaleMember
Residential Loans Held For Investment at Fair Value    
ASSETS    
Residential loans 581,668us-gaap_LoansAndLeasesReceivableNetReportedAmountConsumer
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentAtFairValueMember		  
Residential Loans Held for Investment    
ASSETS    
Residential loans 1,474,386us-gaap_LoansAndLeasesReceivableNetReportedAmountConsumer
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentMember		 1,762,167us-gaap_LoansAndLeasesReceivableNetReportedAmountConsumer
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentMember
Commercial Loans Held For Sale    
ASSETS    
Commercial loans 166,234us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForSaleMember		 89,111us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForSaleMember
Commercial Loans Held For Investment    
ASSETS    
Commercial loans $ 400,693us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember		 $ 343,344us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
[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 December 31, 2014 and 2013, assets of consolidated VIEs totaled $1,900,208 and $2,299,576, respectively, and liabilities of consolidated VIEs totaled $1,546,490 and $1,944,911, respectively. See Note 4 for further discussion.