XML 47 R61.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value of Financial Instruments - Carrying Values and Estimated Fair Values of Assets and Liabilities (Detail) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Assets    
Trading securities $ 106,837us-gaap_TradingSecurities $ 111,606us-gaap_TradingSecurities
Available-for-sale securities 1,178,406us-gaap_AvailableForSaleSecurities 1,267,624us-gaap_AvailableForSaleSecurities
MSRs 120,324us-gaap_ServicingAssetAtFairValueAmount [1] 139,293us-gaap_ServicingAssetAtFairValueAmount [1]
Derivative assets 30,546us-gaap_DerivativeAssets [1] 16,417us-gaap_DerivativeAssets [1]
Pledged collateral 10,265us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue 9,927us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
Liabilities    
Derivative liabilities 68,064us-gaap_DerivativeLiabilities [1] 58,331us-gaap_DerivativeLiabilities [1]
Long/Other Long-term debt 68,707us-gaap_LongTermDebtFairValue 66,707us-gaap_LongTermDebtFairValue
Carrying Value    
Assets    
Trading securities 106,837us-gaap_TradingSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
111,606us-gaap_TradingSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Available-for-sale securities 1,178,406us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
1,267,624us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
MSRs 120,324us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
139,293us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Cash and cash equivalents 303,820us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
269,730us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Restricted cash 725rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
628rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Accrued interest receivable 17,970rwt_InterestReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
18,222rwt_InterestReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Derivative assets 30,546us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
16,417us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
REO 5,305us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
4,391us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Margin receivable 79,760us-gaap_AccountsReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
65,374us-gaap_AccountsReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
FHLBC stock 28,434us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
10,688us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Guarantees asset 6,118rwt_GuaranteesAssetFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
7,201rwt_GuaranteesAssetFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Pledged collateral 10,265us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
9,927us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Liabilities    
Short-term debt 1,502,164us-gaap_ShorttermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
1,793,825us-gaap_ShorttermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Accrued interest payable 14,319rwt_InterestPayableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
8,502rwt_InterestPayableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Guarantee obligation 6,917us-gaap_GuaranteesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
7,201us-gaap_GuaranteesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Derivative liabilities 68,064us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
58,331us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
ABS issued, Fair value 1,239,065us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
0us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
ABS issued, Amortized cost 113,956rwt_DebtInstrumentAmortizedCost
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
1,545,119rwt_DebtInstrumentAmortizedCost
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
FHLBC Borrowings 850,792us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
495,860us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Convertible notes 492,500us-gaap_ConvertibleDebtFairValueDisclosures
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
492,500us-gaap_ConvertibleDebtFairValueDisclosures
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Long/Other Long-term debt 139,500us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
139,500us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
Carrying Value | Residential Loans at Fair Value    
Assets    
Loans, held-for-sale 1,093,413us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtFairValueMember
1,341,032us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtFairValueMember
Carrying Value | Residential Loans at Lower of Cost or Fair Value    
Assets    
Loans, held-for-sale 1,472us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtLowerOfCostOrFairValueMember
1,488us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtLowerOfCostOrFairValueMember
Carrying Value | Residential Loans Held For Investment at Fair Value    
Assets    
Loans, held-for-investment 2,304,870us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentAtFairValueMember
581,668us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentAtFairValueMember
Carrying Value | Residential Loans Held For Investment At Amortized Cost    
Assets    
Loans, held-for-investment 0us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentAtAmortizedCostMember
1,474,386us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentAtAmortizedCostMember
Carrying Value | Commercial Loans at Fair Value    
Assets    
Loans, held-for-sale 54,407us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
166,234us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
Carrying Value | Commercial Loans Held For Investment    
Assets    
Loans, held-for-investment 72,619us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
71,262us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
Carrying Value | Commercial Loans Held-for-Investment, at Amortized Cost    
Assets    
Loans, held-for-investment 333,316us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
329,431us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
Carrying Value | Commercial Secured Borrowings    
Liabilities    
Long/Other Long-term debt 68,077us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialSecuredLoanMember
66,707us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_CarryingReportedAmountFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialSecuredLoanMember
Fair Value    
Assets    
Trading securities 106,837us-gaap_TradingSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
111,606us-gaap_TradingSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Available-for-sale securities 1,178,406us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
1,267,624us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
MSRs 120,324us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
139,293us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Cash and cash equivalents 303,820us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
269,730us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Restricted cash 725rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
628rwt_RestrictedCashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Accrued interest receivable 17,970rwt_InterestReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
18,222rwt_InterestReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Derivative assets 30,546us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
16,417us-gaap_DerivativeAssets
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
REO 5,446us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
4,703us-gaap_OtherAssetsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Margin receivable 79,760us-gaap_AccountsReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
65,374us-gaap_AccountsReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
FHLBC stock 28,434us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
10,688us-gaap_InvestmentInFederalHomeLoanBankStockFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Guarantees asset 6,118rwt_GuaranteesAssetFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
7,201rwt_GuaranteesAssetFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Pledged collateral 10,265us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
9,927us-gaap_PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Liabilities    
Short-term debt 1,502,164us-gaap_ShorttermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
1,793,825us-gaap_ShorttermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Accrued interest payable 14,319rwt_InterestPayableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
8,502rwt_InterestPayableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Guarantee obligation 6,917us-gaap_GuaranteesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
7,201us-gaap_GuaranteesFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Derivative liabilities 68,064us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
58,331us-gaap_DerivativeLiabilities
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
ABS issued, Fair value 1,239,065us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
0us-gaap_DebtInstrumentFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
ABS issued, Amortized cost 114,613rwt_DebtInstrumentAmortizedCost
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
1,446,605rwt_DebtInstrumentAmortizedCost
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
FHLBC Borrowings 850,792us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
495,860us-gaap_FederalHomeLoanBankBorrowingsFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Convertible notes 488,243us-gaap_ConvertibleDebtFairValueDisclosures
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
492,188us-gaap_ConvertibleDebtFairValueDisclosures
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Long/Other Long-term debt 97,650us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
101,835us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
Fair Value | Residential Loans at Fair Value    
Assets    
Loans, held-for-sale 1,093,413us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtFairValueMember
1,341,032us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtFairValueMember
Fair Value | Residential Loans at Lower of Cost or Fair Value    
Assets    
Loans, held-for-sale 1,663us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtLowerOfCostOrFairValueMember
1,669us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansAtLowerOfCostOrFairValueMember
Fair Value | Residential Loans Held For Investment at Fair Value    
Assets    
Loans, held-for-investment 2,304,870us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentAtFairValueMember
581,668us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentAtFairValueMember
Fair Value | Residential Loans Held For Investment At Amortized Cost    
Assets    
Loans, held-for-investment 0us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentAtAmortizedCostMember
1,381,918us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_ResidentialLoansHeldForInvestmentAtAmortizedCostMember
Fair Value | Commercial Loans at Fair Value    
Assets    
Loans, held-for-sale 54,407us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
166,234us-gaap_LoansHeldForSaleFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansAtFairValueMember
Fair Value | Commercial Loans Held For Investment    
Assets    
Loans, held-for-investment 72,619us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
71,262us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentMember
Fair Value | Commercial Loans Held-for-Investment, at Amortized Cost    
Assets    
Loans, held-for-investment 338,932us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
334,876us-gaap_LoansReceivableFairValueDisclosure
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
Fair Value | Commercial Secured Borrowings    
Liabilities    
Long/Other Long-term debt $ 68,077us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialSecuredLoanMember
$ 66,707us-gaap_LongTermDebtFairValue
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialSecuredLoanMember
[1] Our consolidated balance sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to the primary beneficiary (Redwood Trust, Inc.). At March 31, 2015 and December 31, 2014, assets of consolidated VIEs totaled $1,716,563 and $1,900,208, respectively, and liabilities of consolidated VIEs totaled $1,354,298 and $1,546,490, respectively. See Note 4 for further discussion.