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Consolidated Statements Of Changes In Stockholders' Equity (USD $)
In Thousands, except Share data, unless otherwise specified
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income
Cumulative Earnings
Cumulative Distributions to Stockholders
Beginning balance at Dec. 31, 2011 $ 892,584us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $ 786us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 1,697,979us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
$ (13,151)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
$ 501,283us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ (1,294,313)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Beginning balance (in shares) at Dec. 31, 2011   78,555,908us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Net income 131,769us-gaap_NetIncomeLoss       131,769us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Other comprehensive income 151,483us-gaap_OtherComprehensiveIncomeLossNetOfTax     151,483us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
   
Issuance of common stock:            
Dividend reinvestment & stock purchase plans (in shares)   2,741,168rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Dividend reinvestment & stock purchase plans 38,580rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan 28rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
38,552rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Employee stock purchase and incentive plans (in shares)   419,340us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Employee stock purchase and incentive plans (1,816)us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan 3us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
(1,819)us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Non-cash equity award compensation 9,842us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue   9,842us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Common dividends declared (82,278)us-gaap_DividendsCommonStock         (82,278)us-gaap_DividendsCommonStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Ending balance at Dec. 31, 2012 1,140,164us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 817us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
1,744,554us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
138,332us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
633,052us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(1,376,591)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Ending balance (in shares) at Dec. 31, 2012   81,716,416us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Net income 173,246us-gaap_NetIncomeLoss       173,246us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Other comprehensive income 10,434us-gaap_OtherComprehensiveIncomeLossNetOfTax     10,434us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
   
Issuance of common stock:            
Dividend reinvestment & stock purchase plans (in shares)   431,679rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Dividend reinvestment & stock purchase plans 8,148rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan 4rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
8,144rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Employee stock purchase and incentive plans (in shares)   356,706us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Employee stock purchase and incentive plans (5,342)us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan 4us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
(5,346)us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Non-cash equity award compensation 13,547us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue   13,547us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Common dividends declared (94,414)us-gaap_DividendsCommonStock         (94,414)us-gaap_DividendsCommonStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Ending balance at Dec. 31, 2013 1,245,783us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 825us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
1,760,899us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
148,766us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
806,298us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(1,471,005)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Ending balance (in shares) at Dec. 31, 2013   82,504,801us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Net income 100,569us-gaap_NetIncomeLoss       100,569us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Other comprehensive income (8,078)us-gaap_OtherComprehensiveIncomeLossNetOfTax     (8,078)us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
   
Issuance of common stock:            
Dividend reinvestment & stock purchase plans (in shares)   488,174rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Dividend reinvestment & stock purchase plans 9,017rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan 5rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
9,012rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Employee stock purchase and incentive plans (in shares)   450,166us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Employee stock purchase and incentive plans (7,148)us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan 4us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
(7,152)us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Non-cash equity award compensation 11,271us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue   11,271us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Common dividends declared (95,273)us-gaap_DividendsCommonStock         (95,273)us-gaap_DividendsCommonStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Ending balance at Dec. 31, 2014 $ 1,256,141us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $ 834us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 1,774,030us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
$ 140,688us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
$ 906,867us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ (1,566,278)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Ending balance (in shares) at Dec. 31, 2014   83,443,141us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember