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Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Interest Income    
Residential loans $ 25,009us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate $ 12,658us-gaap_InterestAndFeeIncomeLoansConsumerRealEstate
Commercial loans 10,914us-gaap_InterestAndFeeIncomeLoansCommercialRealEstate 10,384us-gaap_InterestAndFeeIncomeLoansCommercialRealEstate
Real estate securities 27,775us-gaap_InterestIncomeSecuritiesMortgageBacked 32,431us-gaap_InterestIncomeSecuritiesMortgageBacked
Cash and cash equivalents 48us-gaap_InterestIncomeDepositsWithFinancialInstitutions 3us-gaap_InterestIncomeDepositsWithFinancialInstitutions
Total interest income 63,746us-gaap_InterestAndDividendIncomeOperating 55,476us-gaap_InterestAndDividendIncomeOperating
Interest Expense    
Short-term debt (7,224)us-gaap_InterestExpenseShortTermBorrowings (3,827)us-gaap_InterestExpenseShortTermBorrowings
Asset-backed securities issued (6,202)us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities (8,441)us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
Long-term debt (10,535)us-gaap_InterestExpenseLongTermDebt (6,792)us-gaap_InterestExpenseLongTermDebt
Total 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
Net Interest Income After Provision 39,579us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 35,132us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest Income    
Mortgage banking activities, net 1,923rwt_MortgageBankingActivitiesNet (231)rwt_MortgageBankingActivitiesNet
Mortgage servicing rights income, net (10,924)rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs 606rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
Other market valuation adjustments, net (1,145)rwt_OtherMarketValuationAdjustmentsNet [1] (6,138)rwt_OtherMarketValuationAdjustmentsNet [1]
Realized gains, net 4,306us-gaap_RealizedInvestmentGainsLosses 1,092us-gaap_RealizedInvestmentGainsLosses
Other Income 809us-gaap_OtherIncome 0us-gaap_OtherIncome
Total noninterest income, net (5,031)us-gaap_NoninterestIncome (4,671)us-gaap_NoninterestIncome
Operating expenses (25,063)us-gaap_OperatingExpenses (19,971)us-gaap_OperatingExpenses
Net income before provision for income taxes 9,485us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 10,490us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Benefit from income taxes 5,316us-gaap_IncomeTaxExpenseBenefit 1,843us-gaap_IncomeTaxExpenseBenefit
Net Income $ 14,801us-gaap_NetIncomeLoss $ 12,333us-gaap_NetIncomeLoss
Basic earnings per common share (usd per share) $ 0.17us-gaap_EarningsPerShareBasic $ 0.14us-gaap_EarningsPerShareBasic
Diluted earnings per common share (usd per share) $ 0.16us-gaap_EarningsPerShareDiluted $ 0.14us-gaap_EarningsPerShareDiluted
Regular dividends declared per common share (usd per share) $ 0.28us-gaap_CommonStockDividendsPerShareDeclared $ 0.28us-gaap_CommonStockDividendsPerShareDeclared
Basic weighted average shares outstanding (shares) 83,360,312us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 82,410,562us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted weighted average shares outstanding (shares) 85,622,216us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 84,940,540us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[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.