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Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Interest Income      
Residential loans $ 68,949us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate $ 67,016us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate $ 82,169us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate
Commercial loans 47,567us-gaap_InterestAndFeeIncomeLoansCommercialRealEstate 43,420us-gaap_InterestAndFeeIncomeLoansCommercialRealEstate 26,759us-gaap_InterestAndFeeIncomeLoansCommercialRealEstate
Real estate securities 125,482us-gaap_InterestIncomeSecuritiesMortgageBacked 115,563us-gaap_InterestIncomeSecuritiesMortgageBacked 122,386us-gaap_InterestIncomeSecuritiesMortgageBacked
Other interest income 72us-gaap_InterestIncomeOther 157us-gaap_InterestIncomeOther 70us-gaap_InterestIncomeOther
Total interest income 242,070us-gaap_InterestAndDividendIncomeOperating 226,156us-gaap_InterestAndDividendIncomeOperating 231,384us-gaap_InterestAndDividendIncomeOperating
Interest Expense      
Short-term debt (25,990)us-gaap_InterestExpenseShortTermBorrowings (17,436)us-gaap_InterestExpenseShortTermBorrowings (9,390)us-gaap_InterestExpenseShortTermBorrowings
Asset-backed securities issued (31,227)us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities (39,716)us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities (101,732)us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
Long-term debt (30,246)us-gaap_InterestExpenseLongTermDebt (23,819)us-gaap_InterestExpenseLongTermDebt (9,583)us-gaap_InterestExpenseLongTermDebt
Total interest expense (87,463)us-gaap_InterestExpense (80,971)us-gaap_InterestExpense (120,705)us-gaap_InterestExpense
Net Interest Income 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
Net Interest Income After Provision 153,646us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 140,448us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 107,031us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest Income      
Mortgage banking activities 34,938rwt_MortgageBankingActivitiesNet 102,494rwt_MortgageBankingActivitiesNet 36,593rwt_MortgageBankingActivitiesNet
Mortgage servicing rights income (loss) (4,261)rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs 20,309rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs (1,391)rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
Other market valuation adjustments (10,146)rwt_OtherMarketValuationAdjustmentsNet [1] (5,709)rwt_OtherMarketValuationAdjustmentsNet [1] 1,539rwt_OtherMarketValuationAdjustmentsNet [1]
Realized gains, net 15,478us-gaap_RealizedInvestmentGainsLosses 25,259us-gaap_RealizedInvestmentGainsLosses 54,921us-gaap_RealizedInvestmentGainsLosses
Total non interest income, net 36,009us-gaap_NoninterestIncome 142,353us-gaap_NoninterestIncome 91,662us-gaap_NoninterestIncome
Operating expenses (90,123)us-gaap_OperatingExpenses (86,607)us-gaap_OperatingExpenses (65,633)us-gaap_OperatingExpenses
Other income (expense) 1,781us-gaap_OtherNonoperatingIncome (12,000)us-gaap_OtherNonoperatingIncome  
Net income before provision for income taxes 101,313us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 184,194us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 133,060us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes (744)us-gaap_IncomeTaxExpenseBenefit (10,948)us-gaap_IncomeTaxExpenseBenefit (1,291)us-gaap_IncomeTaxExpenseBenefit
Net income $ 100,569us-gaap_NetIncomeLoss $ 173,246us-gaap_NetIncomeLoss $ 131,769us-gaap_NetIncomeLoss
Basic earnings per common share $ 1.18us-gaap_EarningsPerShareBasic $ 2.05us-gaap_EarningsPerShareBasic $ 1.61us-gaap_EarningsPerShareBasic
Diluted Earnings Per Common Share $ 1.15us-gaap_EarningsPerShareDiluted $ 1.94us-gaap_EarningsPerShareDiluted $ 1.59us-gaap_EarningsPerShareDiluted
Regular dividends declared per common share $ 1.12us-gaap_CommonStockDividendsPerShareDeclared $ 1.12us-gaap_CommonStockDividendsPerShareDeclared $ 1.00us-gaap_CommonStockDividendsPerShareDeclared
Basic weighted average shares outstanding 82,837,369us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 81,985,897us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 79,529,950us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted weighted average shares outstanding 85,098,579us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 93,694,924us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 80,673,682us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] For the year ended December 31, 2014, other-than-temporary impairments were $4,774, of which $565 were recognized through the Income Statement, and $4,209 were recognized in Accumulated Other Comprehensive Income (Loss). For the year ended December 31, 2013, other-than-temporary impairments were $4,532, of which $1,833 were recognized through the Income Statement, and $2,699 were recognized in Accumulated Other Comprehensive Income (Loss). For the year ended December 31, 2012, other-than-temporary impairments were $3,536 of which $2,509 were recognized through the Income Statement, and $1,027 were recognized in Accumulated Other Comprehensive Income (Loss).