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Commercial Loans - Commercial Loans Held-For-Investment at Amortized Cost (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Carrying Value $ 460,342us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial $ 566,927us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
Commercial Loans Held-for-Investment, at Amortized Cost    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Principal balance 345,646us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
341,750us-gaap_LoansAndLeasesReceivableGrossCarryingAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
Unamortized discount, net (4,668)us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiumsCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
(4,862)us-gaap_UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiumsCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
Recorded investment in loans 340,978us-gaap_NotesReceivableNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
336,888us-gaap_NotesReceivableNet
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
Allowance for loan losses (7,662)us-gaap_LoansAndLeasesReceivableCommercialAllowance
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
(7,457)us-gaap_LoansAndLeasesReceivableCommercialAllowance
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
Carrying Value $ 333,316us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember
$ 329,431us-gaap_LoansAndLeasesReceivableNetReportedAmountCommercial
/ us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis
= rwt_CommercialLoansHeldForInvestmentAtAmortizedCostMember