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Principles of Consolidation - Summary of Unconsolidated Variable Interest Entity's Sponsored by Redwood (Detail) (Variable Interest Entity, Not Primary Beneficiary, USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
On-balance sheet assets, at fair value:    
Maximum loss exposure $ 460,554us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount $ 554,792us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount
Principal balance of loans outstanding 7,287,906us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding 7,276,825us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding
Principal balance of delinquent loans 30+ days delinquent 20,952us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod 17,022us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherDelinquentAmountAtEndOfPeriod
Interest-Only and Senior Securities
   
On-balance sheet assets, at fair value:    
Securities 69,258us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets
/ us-gaap_InvestmentTypeAxis
= rwt_InterestOnlyStripAndSeniorSecuritiesMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember
93,802us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets
/ us-gaap_InvestmentTypeAxis
= rwt_InterestOnlyStripAndSeniorSecuritiesMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember
Senior and Subordinate Securities
   
On-balance sheet assets, at fair value:    
Securities $ 391,296us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets
/ us-gaap_InvestmentTypeAxis
= rwt_SeniorAndSubordinatedSecuritiesMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember
$ 460,990us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets
/ us-gaap_InvestmentTypeAxis
= rwt_SeniorAndSubordinatedSecuritiesMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember