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Consolidated Statements Of Changes In Equity (USD $)
In Thousands, except Share data, unless otherwise specified
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income
Cumulative Earnings
Cumulative Distributions to Stockholders
Beginning balance at Dec. 31, 2013 $ 1,245,783us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $ 825us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		 $ 1,760,899us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember		 $ 148,766us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember		 $ 806,298us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember		 $ (1,471,005)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Beginning balance (in shares) at Dec. 31, 2013   82,504,801us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		        
Net income 12,333us-gaap_NetIncomeLoss       12,333us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember		  
Other comprehensive (loss) income 11,886us-gaap_OtherComprehensiveIncomeLossNetOfTax     11,886us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember		    
Issuance of common stock:            
Dividend reinvestment & stock purchase plans (in shares)   77,660rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		        
Dividend reinvestment & stock purchase plans 1,545rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan 1rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		 1,544rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember		      
Employee stock purchase and incentive plans (in shares)   37,193us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		        
Employee stock purchase and incentive plans (783)us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan 0us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		 (783)us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember		      
Non-cash equity award compensation 3,872us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue   3,872us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember		      
Common dividends declared (23,749)us-gaap_DividendsCommonStock         (23,749)us-gaap_DividendsCommonStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Ending balance at Mar. 31, 2014 1,250,887us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 826us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		 1,765,532us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember		 160,652us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember		 818,631us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember		 (1,494,754)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Ending balance (in shares) at Mar. 31, 2014   82,619,654us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		        
Beginning balance at Dec. 30, 2014 [1] 1,256,141us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest          
Cumulative adjustment - adoption of ASU 2014-13 [2] 9,728us-gaap_CumulativeEffectOfProspectiveApplicationOfNewAccountingPrinciple          
Cumulative adjustment - adoption of ASU 2014-13 (Accounting Standards Update 2014-13) [2]         9,728us-gaap_CumulativeEffectOfProspectiveApplicationOfNewAccountingPrinciple
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember		  
Adjusted balance 1,265,869us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 834us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		 1,774,030us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember		 140,688us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember		 916,595us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember		 (1,566,278)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Ending balance at Dec. 31, 2014 (Previously Reported) 1,256,141us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 834us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		 1,774,030us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember		 140,688us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember		 906,867us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember		 (1,566,278)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Ending balance (in shares) at Dec. 31, 2014 (Previously Reported)   83,443,141us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		        
Beginning balance at Dec. 31, 2014 [1] 1,256,141us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest          
Beginning balance (in shares) at Dec. 31, 2014   83,443,141us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		        
Net income 14,801us-gaap_NetIncomeLoss       14,801us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember		  
Other comprehensive (loss) income (5,048)us-gaap_OtherComprehensiveIncomeLossNetOfTax     (5,048)us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember		    
Issuance of common stock:            
Dividend reinvestment & stock purchase plans (in shares)   185,045rwt_StockIssuedDuringPeriodSharesDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		        
Dividend reinvestment & stock purchase plans 3,241rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan 2rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		 3,239rwt_StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember		      
Employee stock purchase and incentive plans (in shares)   120,435us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		        
Employee stock purchase and incentive plans (183)us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan 1us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		 (184)us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember		      
Non-cash equity award compensation 2,692us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue   2,692us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember		      
Common dividends declared (24,162)us-gaap_DividendsCommonStock         (24,162)us-gaap_DividendsCommonStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Ending balance at Mar. 31, 2015 $ 1,257,210us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest [1] $ 837us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		 $ 1,779,777us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember		 $ 135,640us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember		 $ 931,396us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember		 $ (1,590,440)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember
Ending balance (in shares) at Mar. 31, 2015   83,748,621us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember		        
[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.
[2] On January 1, 2015, we adopted ASU 2014-13. See Note 3 for further discussion.