XML 109 R120.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Information - Components of Corporate/Other (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Segment Reporting Information [Line Items]    
Interest income $ 63,746us-gaap_InterestAndDividendIncomeOperating $ 55,476us-gaap_InterestAndDividendIncomeOperating
Interest expense (23,961)us-gaap_InterestExpense (19,060)us-gaap_InterestExpense
Net Interest Income 39,785us-gaap_InterestIncomeExpenseNet 36,416us-gaap_InterestIncomeExpenseNet
Provision for loan losses (206)us-gaap_ProvisionForLoanLeaseAndOtherLosses (1,284)us-gaap_ProvisionForLoanLeaseAndOtherLosses
Mortgage banking activities 1,923rwt_MortgageBankingActivitiesNet (231)rwt_MortgageBankingActivitiesNet
MSR income (loss) (10,924)rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs 606rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
Other market valuation adjustments (1,145)rwt_OtherMarketValuationAdjustmentsNet [1] (6,138)rwt_OtherMarketValuationAdjustmentsNet [1]
Realized gains, net 4,306us-gaap_RealizedInvestmentGainsLosses 1,092us-gaap_RealizedInvestmentGainsLosses
Other income (expense) 809us-gaap_OtherNonoperatingIncomeExpense  
Total noninterest income, net (5,031)us-gaap_NoninterestIncome (4,671)us-gaap_NoninterestIncome
Direct operating expenses (25,063)us-gaap_OperatingExpenses (19,971)us-gaap_OperatingExpenses
(Provision for) benefit from income taxes 5,316us-gaap_IncomeTaxExpenseBenefit 1,843us-gaap_IncomeTaxExpenseBenefit
Net income 14,801us-gaap_NetIncomeLoss 12,333us-gaap_NetIncomeLoss
Legacy Consolidated VIEs    
Segment Reporting Information [Line Items]    
Interest income 7,018us-gaap_InterestAndDividendIncomeOperating
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
6,828us-gaap_InterestAndDividendIncomeOperating
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Interest expense (4,482)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(5,460)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Net Interest Income 2,536us-gaap_InterestIncomeExpenseNet
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
1,368us-gaap_InterestIncomeExpenseNet
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Provision for loan losses 0us-gaap_ProvisionForLoanLeaseAndOtherLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(629)us-gaap_ProvisionForLoanLeaseAndOtherLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Other market valuation adjustments (1,093)rwt_OtherMarketValuationAdjustmentsNet
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(142)rwt_OtherMarketValuationAdjustmentsNet
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Realized gains, net 0us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
105us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Total noninterest income, net (1,093)us-gaap_NoninterestIncome
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(37)us-gaap_NoninterestIncome
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Direct operating expenses 0us-gaap_OperatingExpenses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(52)us-gaap_OperatingExpenses
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
(Provision for) benefit from income taxes 0us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
0us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Net income 1,443us-gaap_NetIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
650us-gaap_NetIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= rwt_LegacyConsolidatedVariableInterestEntitiesMember
Other    
Segment Reporting Information [Line Items]    
Interest income 7us-gaap_InterestAndDividendIncomeOperating
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
2us-gaap_InterestAndDividendIncomeOperating
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Interest expense (9,402)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(6,126)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Net Interest Income (9,395)us-gaap_InterestIncomeExpenseNet
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(6,124)us-gaap_InterestIncomeExpenseNet
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Provision for loan losses 0us-gaap_ProvisionForLoanLeaseAndOtherLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
0us-gaap_ProvisionForLoanLeaseAndOtherLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Other market valuation adjustments (35)rwt_OtherMarketValuationAdjustmentsNet
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(37)rwt_OtherMarketValuationAdjustmentsNet
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Realized gains, net 0us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
0us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Total noninterest income, net (35)us-gaap_NoninterestIncome
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(37)us-gaap_NoninterestIncome
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Direct operating expenses (9,560)us-gaap_OperatingExpenses
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(9,104)us-gaap_OperatingExpenses
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(Provision for) benefit from income taxes 945us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
126us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Net income (18,045)us-gaap_NetIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
(15,139)us-gaap_NetIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= rwt_AllOtherMember
Corporate/Other    
Segment Reporting Information [Line Items]    
Interest income 7,025us-gaap_InterestAndDividendIncomeOperating
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
6,830us-gaap_InterestAndDividendIncomeOperating
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
Interest expense (13,884)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
(11,586)us-gaap_InterestExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
Net Interest Income (6,859)us-gaap_InterestIncomeExpenseNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
(4,756)us-gaap_InterestIncomeExpenseNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
Provision for loan losses 0us-gaap_ProvisionForLoanLeaseAndOtherLosses
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
(629)us-gaap_ProvisionForLoanLeaseAndOtherLosses
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
Mortgage banking activities 0rwt_MortgageBankingActivitiesNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
0rwt_MortgageBankingActivitiesNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
MSR income (loss) 0rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
0rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
Other market valuation adjustments (1,128)rwt_OtherMarketValuationAdjustmentsNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
(179)rwt_OtherMarketValuationAdjustmentsNet
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
Realized gains, net 0us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
105us-gaap_RealizedInvestmentGainsLosses
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
Other income (expense) 0us-gaap_OtherNonoperatingIncomeExpense
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
 
Total noninterest income, net (1,128)us-gaap_NoninterestIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
(74)us-gaap_NoninterestIncome
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
Direct operating expenses (9,560)us-gaap_OperatingExpenses
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
(9,156)us-gaap_OperatingExpenses
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
(Provision for) benefit from income taxes 945us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
126us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
Net income $ (16,602)us-gaap_NetIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
$ (14,489)us-gaap_NetIncomeLoss
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
[1] For the three months ended March 31, 2015, there were no other-than-temporary impairments. For the three months ended March 31, 2014, other-than-temporary impairments were $1,671, of which $113 were recognized through the Income Statement and $1,558 were recognized in Accumulated Other Comprehensive Income.