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Real Estate Securities - Fair Values of Real Estate Securities (Detail) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]    
Trading $ 106,837us-gaap_TradingSecurities $ 111,606us-gaap_TradingSecurities
Available-for-sale 1,178,406us-gaap_AvailableForSaleSecurities 1,267,624us-gaap_AvailableForSaleSecurities
Total Real Estate Securities $ 1,285,243us-gaap_MarketableSecurities [1] $ 1,379,230us-gaap_MarketableSecurities [1]
[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.