XML 141 R63.htm IDEA: XBRL DOCUMENT v2.4.1.9
Carrying Values and Estimated Fair Values of Assets and Liabilities (Detail) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Assets      
Trading securities $ 111,606us-gaap_TradingSecurities $ 124,555us-gaap_TradingSecurities  
Available-for-sale securities 1,267,624us-gaap_AvailableForSaleSecurities 1,558,306us-gaap_AvailableForSaleSecurities  
MSRs 139,293us-gaap_ServicingAssetAtFairValueAmount 64,824us-gaap_ServicingAssetAtFairValueAmount 5,315us-gaap_ServicingAssetAtFairValueAmount
Derivative assets 16,417us-gaap_DerivativeAssets 7,787us-gaap_DerivativeAssets  
Pledged collateral 9,927us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue    
Liabilities      
Derivative liabilities 58,331us-gaap_DerivativeLiabilities 18,167us-gaap_DerivativeLiabilities  
Long/Other Long-term debt 66,707us-gaap_LongTermDebtFairValue 66,146us-gaap_LongTermDebtFairValue  
Carrying Value      
Assets      
Trading securities 111,606us-gaap_TradingSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
124,555us-gaap_TradingSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
Available-for-sale securities 1,267,624us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
1,558,306us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
MSRs 139,293us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
64,824us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
Cash and cash equivalents 269,730us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
173,201us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
Restricted cash 628rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
398rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
Accrued interest receivable 18,222rwt_InterestReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
13,475rwt_InterestReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
Derivative assets 16,417us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
7,787us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
REO 4,391us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[1] 3,661us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[1]  
Margin receivable 65,374us-gaap_AccountsReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[1] 31,149us-gaap_AccountsReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[1]  
FHLBC stock 10,688us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[1]    
Guarantee asset 7,201rwt_GuaranteesAssetFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[1]    
Pledged collateral 9,927us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
[1]    
Liabilities      
Short-term debt 1,793,825us-gaap_ShorttermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
862,763us-gaap_ShorttermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
Accrued interest payable 8,502rwt_InterestPayableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
6,366rwt_InterestPayableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
Guarantee obligation 7,201us-gaap_GuaranteesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Derivative liabilities 58,331us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
18,167us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
ABS issued 1,545,119us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
1,942,962us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
FHLBC Borrowings 495,860us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
   
Commercial long-term debt   49,467rwt_BorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
Convertible notes 492,500us-gaap_ConvertibleDebtFairValueDisclosures
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
287,500us-gaap_ConvertibleDebtFairValueDisclosures
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
Long/Other Long-term debt 139,500us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
139,500us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
 
Carrying Value | Residential Loans at Fair Value      
Assets      
Loans, held-for-sale 1,341,032us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtFairValueMember
402,602us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtFairValueMember
 
Carrying Value | Residential Loans at Lower of Cost or Fair Value      
Assets      
Loans, held-for-sale 1,488us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtLowerOfCostOrFairValueMember
1,665us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtLowerOfCostOrFairValueMember
 
Carrying Value | Residential Loans Held For Investment at Fair Value      
Assets      
Loans, held-for-investment 581,668us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentAtFairValueMember
   
Carrying Value | Residential Loans Held for Investment      
Assets      
Loans, held-for-investment 1,474,386us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentMember
1,762,167us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentMember
 
Carrying Value | Commercial Loans at Fair Value      
Assets      
Loans, held-for-sale 166,234us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
89,111us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
 
Carrying Value | Commercial Loans Held For Investment      
Assets      
Loans, held-for-investment 71,262us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
   
Carrying Value | Commercial Loans Held-for-Investment, at Amortized Cost      
Assets      
Loans, held-for-investment 329,431us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
343,344us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
 
Carrying Value | Commercial Secured Borrowings      
Liabilities      
Long/Other Long-term debt 66,707us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialSecuredLoanMember
   
Fair Value      
Assets      
Trading securities 111,606us-gaap_TradingSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
124,555us-gaap_TradingSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
Available-for-sale securities 1,267,624us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
1,558,306us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
MSRs 139,293us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
64,824us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
Cash and cash equivalents 269,730us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
173,201us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
Restricted cash 628rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
398rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
Accrued interest receivable 18,222rwt_InterestReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
13,475rwt_InterestReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
Derivative assets 16,417us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
7,787us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
REO 4,703us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[1] 4,084us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[1]  
Margin receivable 65,374us-gaap_AccountsReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[1] 31,149us-gaap_AccountsReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[1]  
FHLBC stock 10,688us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[1]    
Guarantee asset 7,201rwt_GuaranteesAssetFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[1]    
Pledged collateral 9,927us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
[1]    
Liabilities      
Short-term debt 1,793,825us-gaap_ShorttermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
862,763us-gaap_ShorttermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
Accrued interest payable 8,502rwt_InterestPayableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
6,366rwt_InterestPayableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
Guarantee obligation 7,201us-gaap_GuaranteesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Derivative liabilities 58,331us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
18,167us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
ABS issued 1,446,605us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
1,746,906us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
FHLBC Borrowings 495,860us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Commercial long-term debt   49,467rwt_BorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
Convertible notes 492,188us-gaap_ConvertibleDebtFairValueDisclosures
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
299,719us-gaap_ConvertibleDebtFairValueDisclosures
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
Long/Other Long-term debt 101,835us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
111,600us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
 
Fair Value | Residential Loans at Fair Value      
Assets      
Loans, held-for-sale 1,341,032us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtFairValueMember
402,602us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtFairValueMember
 
Fair Value | Residential Loans at Lower of Cost or Fair Value      
Assets      
Loans, held-for-sale 1,669us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtLowerOfCostOrFairValueMember
1,817us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtLowerOfCostOrFairValueMember
 
Fair Value | Residential Loans Held For Investment at Fair Value      
Assets      
Loans, held-for-investment 581,668us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentAtFairValueMember
   
Fair Value | Residential Loans Held for Investment      
Assets      
Loans, held-for-investment 1,381,918us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentMember
1,610,024us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentMember
 
Fair Value | Commercial Loans at Fair Value      
Assets      
Loans, held-for-sale 166,234us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
89,111us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
 
Fair Value | Commercial Loans Held For Investment      
Assets      
Loans, held-for-investment 71,262us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
   
Fair Value | Commercial Loans Held-for-Investment, at Amortized Cost      
Assets      
Loans, held-for-investment 334,876us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
348,305us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
 
Fair Value | Commercial Secured Borrowings      
Liabilities      
Long/Other Long-term debt $ 66,707us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialSecuredLoanMember
   
[1] These assets are included in Other Assets on our consolidated balance sheets.