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Commercial Loans - Additional Information (Detail) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Commercial Loans [Line Items]      
Carrying Value $ 566,927,000us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial $ 432,455,000us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial $ 313,010,000us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
Senior commercial loans, held for sale 9,917,943,000us-gaap_PaymentsToPurchaseLoansHeldForSale 7,766,203,000us-gaap_PaymentsToPurchaseLoansHeldForSale 2,335,865,000us-gaap_PaymentsToPurchaseLoansHeldForSale
Sale of loan for third party, held for sale 8,126,249,000us-gaap_ProceedsFromSaleOfLoansHeldForSale 7,405,088,000us-gaap_ProceedsFromSaleOfLoansHeldForSale 1,696,433,000us-gaap_ProceedsFromSaleOfLoansHeldForSale
Commercial Loans Held For Investment      
Commercial Loans [Line Items]      
Commercial loans financed through Commercial Securitization entity 195,000,000rwt_LoansFinancedThroughSecuritization
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
258,000,000rwt_LoansFinancedThroughSecuritization
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
 
Number of Loans 60us-gaap_MortgageLoansOnRealEstateNumberOfLoans
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
50us-gaap_MortgageLoansOnRealEstateNumberOfLoans
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
 
Principal value 341,750,000us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
353,331,000us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
 
Carrying Value 400,693,000us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
343,344,000us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
 
Commercial Loans Held For Sale      
Commercial Loans [Line Items]      
Number of Loans 13us-gaap_MortgageLoansOnRealEstateNumberOfLoans
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForSaleMember
   
Principal value 163,000,000us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForSaleMember
   
Carrying Value 166,234,000us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForSaleMember
89,111,000us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForSaleMember
 
Senior commercial loans, held for sale 904,000,000us-gaap_PaymentsToPurchaseLoansHeldForSale
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForSaleMember
   
Sale of loan for third party, held for sale 791,000,000us-gaap_ProceedsFromSaleOfLoansHeldForSale
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForSaleMember
   
Valuation adjustments 21,000,000us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForSaleMember
   
Commercial Loans Held For Sale | Maximum      
Commercial Loans [Line Items]      
Valuation adjustments     1,000,000us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForSaleMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Commercial Loans at Fair Value      
Commercial Loans [Line Items]      
Number of Loans   7us-gaap_MortgageLoansOnRealEstateNumberOfLoans
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
 
Principal value   88,000,000us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
 
Carrying Value 166,234,000us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
89,111,000us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
 
Senior commercial loans, held for sale   659,000,000us-gaap_PaymentsToPurchaseLoansHeldForSale
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
 
Sale of loan for third party, held for sale   597,000,000us-gaap_ProceedsFromSaleOfLoansHeldForSale
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
 
Valuation adjustments   9,000,000us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
 
Commercial Loans Held-for-Investment, at Fair Value      
Commercial Loans [Line Items]      
Number of Loans 3us-gaap_MortgageLoansOnRealEstateNumberOfLoans
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtFairValueMember
   
Principal value 68,000,000us-gaap_PrincipalAmountOutstandingOnLoansManagedAndSecuritized
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtFairValueMember
   
Carrying Value 71,262,000us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtFairValueMember
   
Senior commercial loans, held for sale 31,000,000us-gaap_PaymentsToPurchaseLoansHeldForSale
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtFairValueMember
   
Valuation adjustments 2,000,000us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtFairValueMember
   
Commercial Loans Held-for-Investment, at Amortized Cost      
Commercial Loans [Line Items]      
Commercial loans financed through Commercial Securitization entity 195,000,000rwt_LoansFinancedThroughSecuritization
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
   
Number of Loans 60us-gaap_MortgageLoansOnRealEstateNumberOfLoans
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
50us-gaap_MortgageLoansOnRealEstateNumberOfLoans
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
 
Carrying Value 329,431,000us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
343,344,000us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
 
Principal balance 341,750,000us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
353,331,000us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
 
Senior commercial loans, held for Investment 59,000,000us-gaap_PaymentsToAcquireLoansHeldForInvestment
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
66,000,000us-gaap_PaymentsToAcquireLoansHeldForInvestment
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
 
Recorded investment 336,888,000us-gaap_NotesReceivableNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
350,717,000us-gaap_NotesReceivableNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
 
Loan prepayment amount received 71,000,000rwt_LoansAndLeasesReceivablePrepaymentAmountReceived
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
24,000,000rwt_LoansAndLeasesReceivablePrepaymentAmountReceived
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
 
Loan prepayments, yield maintenance fee $ 1,500,000rwt_LoansAndLeasesReceivableYieldMaintenanceFeesReceived
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
$ 3,000,000rwt_LoansAndLeasesReceivableYieldMaintenanceFeesReceived
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
 
Commercial Loans Held-for-Investment, at Amortized Cost | Originated During 2014      
Commercial Loans [Line Items]      
Percentage of loan portfolio 17.00%rwt_PercentageOfLoanPortfolio
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis
= rwt_FiscalYearTwentyFourteenMember
   
Commercial Loans Held-for-Investment, at Amortized Cost | Originated During 2013      
Commercial Loans [Line Items]      
Percentage of loan portfolio 17.00%rwt_PercentageOfLoanPortfolio
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis
= rwt_OriginatedDuringTwentyThirteenMember
19.00%rwt_PercentageOfLoanPortfolio
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis
= rwt_OriginatedDuringTwentyThirteenMember
 
Commercial Loans Held-for-Investment, at Amortized Cost | Originated During 2012      
Commercial Loans [Line Items]      
Percentage of loan portfolio 36.00%rwt_PercentageOfLoanPortfolio
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis
= rwt_OriginatedDuringTwentyTwelveMember
43.00%rwt_PercentageOfLoanPortfolio
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis
= rwt_OriginatedDuringTwentyTwelveMember
 
Commercial Loans Held-for-Investment, at Amortized Cost | Originated During 2011      
Commercial Loans [Line Items]      
Percentage of loan portfolio 26.00%rwt_PercentageOfLoanPortfolio
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis
= rwt_OriginatedDuringTwentyElevenMember
34.00%rwt_PercentageOfLoanPortfolio
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis
= rwt_OriginatedDuringTwentyElevenMember
 
Commercial Loans Held-for-Investment, at Amortized Cost | Originated During 2010      
Commercial Loans [Line Items]      
Percentage of loan portfolio 4.00%rwt_PercentageOfLoanPortfolio
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis
= rwt_OriginatedDuringTwentyTenMember
4.00%rwt_PercentageOfLoanPortfolio
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
/ us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis
= rwt_OriginatedDuringTwentyTenMember